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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][/quote] 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.[quote]
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.  :oops: [/quote]

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]

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?[/quote]

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. [/quote]

ICE engines don't spontaniously combust and explode as lithium batteries do.

[/quote]

Right here in Bethesda. Headline "Maryland family's Nissan SUV spontaneously combusts in driveway"
https://www.youtube.com/watch?v=aduGVTnAbmI[/quote]

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