EV batteries prices collapsing

[Anonymous]

jsteele wrote:

Anonymous wrote:If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Prices are dropping due to production efficiencies and competition. Moreover, Chinese-manufactured batteries are subject to tariffs in the US so they might be cutting prices to remain competitive in the US. There is plenty of demand for EVs. July was a record month of sales. Fire risks are greatly exaggerated. ICE cars see a higher rate of fires. There is a car-b-que almost every day in DC but they don't get wall to wall coverage like a single EV fire does.

That’s because the firefighters can extinguish the flames.

This is “ripped from the headlines” and sensationalist but also mostly true

https://m.youtube.com/shorts/lHfGBbrq48g

And CHINESE batteries? I don’t trust them to make baby food or lead free toys, so this will be… interesting.

[Anonymous]

Hope US battery prices fall that would be awesome

[jsteele]

Anonymous wrote:

jsteele wrote:

Anonymous wrote:If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Prices are dropping due to production efficiencies and competition. Moreover, Chinese-manufactured batteries are subject to tariffs in the US so they might be cutting prices to remain competitive in the US. There is plenty of demand for EVs. July was a record month of sales. Fire risks are greatly exaggerated. ICE cars see a higher rate of fires. There is a car-b-que almost every day in DC but they don't get wall to wall coverage like a single EV fire does.

That’s because the firefighters can extinguish the flames.

This is “ripped from the headlines” and sensationalist but also mostly true

https://m.youtube.com/shorts/lHfGBbrq48g

And CHINESE batteries? I don’t trust them to make baby food or lead free toys, so this will be… interesting.

That video is not mostly true. In fact, it is mostly false. Firefighters are not idiots. They are perfectly capable of extinguishing a burning EV properly. Fears about EVs being a "fire and explosion" risk are overblown and clear fear-mongering.

Most EVs today are too heavy, have too limited of range, are difficult and complex to charge if you don't have home charging (doesn't apply to Teslas), and have terrible resale value. As such, there are many good arguments to avoid them. You don't have to invent ones that aren't true.

(despite the negatives, I own two EVs and love them).

[Anonymous]

Anonymous wrote:

jsteele wrote:

Anonymous wrote:If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Prices are dropping due to production efficiencies and competition. Moreover, Chinese-manufactured batteries are subject to tariffs in the US so they might be cutting prices to remain competitive in the US. There is plenty of demand for EVs. July was a record month of sales. Fire risks are greatly exaggerated. ICE cars see a higher rate of fires. There is a car-b-que almost every day in DC but they don't get wall to wall coverage like a single EV fire does.

That’s because the firefighters can extinguish the flames.

This is “ripped from the headlines” and sensationalist but also mostly true

https://m.youtube.com/shorts/lHfGBbrq48g

And CHINESE batteries? I don’t trust them to make baby food or lead free toys, so this will be… interesting.

Australia's EV FireSafe, a group funded by the country's department of defense, studied global EV battery fires from 2010 to 2020. The report found that the risk of an electric car battery catching fire was a thousandth of a percent (0.0012%). FireSafe noted that it was difficult to find similar data for internal combustion engine vehicles globally, but based on the reports the group looked at, it estimated fire risk at a tenth of a percent (0.1%).

https://www.edmunds.com/electric-car/articles/electric-car-fires.html#:~:text=The%20report%20found%20that%20the,of%20a%20percent%20(0.0012%25).

[Anonymous]

Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

[Anonymous]

Anonymous wrote:Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

This is dumb. Wind and solar and batteries are very capable and mich cheaper than nuclear.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

This is dumb. Wind and solar and batteries are very capable and mich cheaper than nuclear.

"Batteries spontaniously appear to power things!"
You have to charge EV batteries anon.
E=MC2 and TANSTAFL

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

This is dumb. Wind and solar and batteries are very capable and mich cheaper than nuclear.

"Batteries spontaniously appear to power things!"
You have to charge EV batteries anon.
E=MC2 and TANSTAFL

Nothing better than when DCUM posters are snotty and wrong.

Yes wind and solar are the source of new generating capacity that will power the grid but utility scale batteries will store and dispatch that energy to ensure it’s available when needed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

But when EV cars burn, they burn a heck of a lot more than an ICE car and require more water to extinguish them.

https://www.vox.com/the-highlight/2023/1/17/23470878/tesla-fires-evs-florida-hurricane-batteries-lithium-ion

Although they’re relatively rare, electric car fires present a new technical and safety challenge for fire departments. These fires burn at much higher temperatures and require a lot more water to fight than conventional car fires.

DH just leased an EV, thinking that the technology will change in 3 to 5 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

This is dumb. Wind and solar and batteries are very capable and mich cheaper than nuclear.

"Batteries spontaniously appear to power things!"
You have to charge EV batteries anon.
E=MC2 and TANSTAFL

Yes wind and solar are the source of new generating capacity that will power the grid but utility scale batteries will store and dispatch that energy to ensure it’s available when needed.

This sounds like it was copied from a corporate advertisement.

If it were true, it would have been fact long ago. It is not true at this time. Perhaps in the future, but not as of yet.

[Anonymous]

New lithium phosphate batteries to react and burn like older lithium ion batteries.

Statistically EV battery fires occur less often than ICE fires, but EV fires can be much harder to put out. There was a Tesla semi truck battery fire recently that took 50,000 gallons of water to put out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Widespread EV use will NEVER be a thing unless there is widespread Nuclear facilities, and that would be AWFUL.

This is dumb. Wind and solar and batteries are very capable and mich cheaper than nuclear.

"Batteries spontaniously appear to power things!"
You have to charge EV batteries anon.
E=MC2 and TANSTAFL

Yes wind and solar are the source of new generating capacity that will power the grid but utility scale batteries will store and dispatch that energy to ensure it’s available when needed.

This sounds like it was copied from a corporate advertisement.

If it were true, it would have been fact long ago. It is not true at this time. Perhaps in the future, but not as of yet.

I have no idea what this word salad means but here is the Energy Information Agency reporting that in 2023 over half of new electric generating capacity was solar and the next largest category was battery storage.

https://www.eia.gov/todayinenergy/detail.php?id=55419

[Anonymous]

yup. which is why we leased a EV and didn't buy. price decreases are coming soon. i'm limiting risk

[Anonymous]

This is great news. Cost is a major reason we chose to go with an ICE car when we bought two years ago.

The other reason though is still an issue: we currently spend a decent part of the winter in cold weather locations as both our extended families live in areas with harsh winters. Electric vehicles are less reliable and have shorter ranges when the temperatures drop below freezing. This is why most of our family have also not switched to EVs.

I think presently our plan is to maybe get an EV as a second vehicle or to look at hybrids more closely. But I'd love to see development around reliability of car batteries in colder weather.

[Anonymous]

Anonymous wrote:This is great news. Cost is a major reason we chose to go with an ICE car when we bought two years ago.

The other reason though is still an issue: we currently spend a decent part of the winter in cold weather locations as both our extended families live in areas with harsh winters. Electric vehicles are less reliable and have shorter ranges when the temperatures drop below freezing. This is why most of our family have also not switched to EVs.

I think presently our plan is to maybe get an EV as a second vehicle or to look at hybrids more closely. But I'd love to see development around reliability of car batteries in colder weather.

They do lose range but they aren’t less reliable generally (despite FUD you might hear from Fox). Norway has the highest % of EVs in the world so if they were unfit for cold weather it would be clear.