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Reply to "EV batteries prices collapsing"
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[quote=jsteele][quote=Anonymous]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. [/quote] 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. [/quote]
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