Battery prices fall 80%; tipping point to the end of ICE cars is VERY close
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- เผยแพร่เมื่อ 19 ก.ย. 2023
- Battery prices fall 80%; tipping point to the end of ICE cars is VERY close
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#Batteryprices #icecar #batteryproduction #evs #evnews
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prayers for the kids down those mines
And everyone downstream of the polluted water table.
I will believe it when I see the retail price list.
Is it just me or has Sam's battery reporting gotten a bit spammy? All these different metrics of time and materials and company of manufacturing. My eyes are glazing over from the onslaught of random and unrelated percentages, time periods and cost. I appreciate his enthusiasm for battery news but it's currently incomprehensible in the presentation lately. Every day a new metric or a new battery breakthrough that negates the next day by new material. I guess the gist is batteries are getting cheaper and better but maybe back off from some of the data vomit in the daily reports.
And please continue to hold your breath for ICE vehicles to become a non-polluting form of transportation.
What did you say??
That you can't hold your breath that long.
Duh!
A lot of smoke and mirrors, sounding to much like Orange man at times.@@SHO1989
@@SHO1989 He needs to put the numbers on the screen when he is comparing A to B. Otherwise, it's just a mumble jumble of words.
he’s reading off some article it seems and i just really want a link to that article to read for myself.
watching someone do his reading while having screensaver of random pics is not why i watch youtube.
Prices fell because demand is in the toilet.
Fool
Just back from taking my Atto3 for an extended country drive through beautiful scenery. The Atto is like a silent magic carpet, wonderful.
Jealous mate. It a nice car especially for the extended range. Sadly the car abit too small for two kids under 5s.
@@Markcain268 BYD
@@Markcain268 Sadly Australia no longer makes motor vehicles, when it did there were some great vehicles.
BYD is one of the world's largest vehicle manufacturers. It is based in China.
They have been building passenger cars for about 20 years, but until recently they were mainly known in the west for building buses and trams. I believe a large part of the LA bus fleet is built by BYD at a factory in southern CA.
So far their passenger vehicles (these days mainly EVs) haven't been sent to the Americas.
@@marcc.490I have an Atto as a main car with a 3 and 1 year old. It works well but a larger boot would be handy. I just wish someone would make an EV wagon!
@@tomkimber9072 yes I currently have a 2 year old and hired the Atto 3 from sixt for a day. While the inside is nice. The boot space could be bigger with the prams and shopping. It will be much more cramp with a bub on the way I reckon. I'm waiting for the seal u to launch here. Sadly they do not want to bring the new byd tang ev here to Australia. Be curious on the price of that car.
If money wasn't a problem, all growing family will get an kia EV9 but that double the price of the Atto 3.
Let me compliment you, my Viking friend on the natural voice speed of your presentations. You are intelligent and followable because you have resisted turning up the video speed. Thank you! Normal speech speed helps convey intelligent thought! From Einstein to Churchill to Feynman normal speech cadence achieved intelligent communication.
Agree 👍
Not only intelligent, but also authentic and honest, calling a spade a spade.
@hanmeng4833 calling a spade a spade,when it's a shovel would be more accurate.
Glad you mentioned Feynman, a brilliant scientist and great teacher. He is one of my favourite characters from the 20th century. His lectures to the University of Auckland were a 'tour de force' in presentation of quantum electrodynamics.
🤢🤢🤢🤢
CATL must be making a lot of money on all of those LFP cells.
Years of contracts
This will be great for people who do home solar. You charge and discharge your batteries every day so LFP helps with thousands more cycles.
Actually with LFP a cycle is the equivalent of 100%-0%-100%.
So charging it every day at home doesn't add any extra cycles to the battery, it's simply tied to your usage.
ie. 100%-50%-100% is half a cycle.
You really want to invest in China....who builds almost all the solar panels out there? Go ahead, pay the devil to. build up it's military which they will eventually use against us.
I'm looking forward even lower battery prices so I can add more storage to my house. This, with the planned expansion of my solar array will make me completely immune to outages.
You are very smart.
Riding on the fall of prices in storage cells and solar panels.👍 those who live in landed houses will benefit the most. The earth will smile too. 😊
A wrecked project Jutland model 2 66 kWh M3P
Highland
Yeah I'm keeping an eye out for battery storage. If the price is right. Home battery might be my next purchase before an EV.
Ditto sister. Hoping Powerwall 3 will be nice & cheap
One way to look at it. Another is that demand for batteries fell causing a 10% drop in prices.
Not likely with record sales of EVs....
@@Pneuma40 do a quick google. You'll see an article from reuters saying demand has fallen causing the price to fall.
Hahaha!
@@lilbaz8732 Well if someone on Reuters said it it must be true!
Hi Sam, it looks like you are ready for Saturday. I plan to be there early and hope to catch up for a 🍺. Mal.
Excellent coverage, nobody has so much insight as the Electric Viking! Thank you!
Tony Seba and Rethink X
I am afraid that many Viking videos are factually incorrect
@@jimpackard8059 Take a valium, you will feel better
@@jprt3270 insinuation is a sign of a mean character
Glad you enjoyed it!
Thanks for the update Sam.
Any time!
Are you kidding me? Literally this week my friend had to replace his battery pack and it was $10,000! More than the damn car is worth. Oh and the battery was on backorder and took him 2 months to get it.
I propose that TOYOTA changes its name to NIPPONKODAK
Except they are building gigapress too
😂😅😂😅😂😅😂😅😂😅😂😅
@@andr333yprobably to make blackberry juice😊
@@hoffingerHahaha Hahaha 😊
Interesting that the Japanese destroyed the KODAK company.
The Japanese took the best of USA auto manufacturering production line methods and impacted the USA auto industry.
Nothing addresses the issue of charging all these inexpensive batteries.
THANKS SAM,🤗 TONY SEBA…WAS ONE ☝️ OF THEM ALSO 💚💚💚
Thanks!
I wish home battery packs would become affordable.
Tesla lowered the PowerWall prices recently. Hopefully this trend continues.
@@ChickensAndGardening I think Powerwall 2 prices have dropped because Powerwall 3 is available. Not sure if it is available yet in Australia. I agree that it would be good if the trend would continue.
Are you sure to put a self contained energy pack (more / less like a bomb) in the area of your home ..??? .. Don't you know the self ingite "feature" of high density battery ?
@@kebeleteeek4227lfp doesn't do that
@@kebeleteeek4227 Battery packs have thermal management systems to shut down hot cells. Back! Back under the bridge you troll!
I've learnt something new ..........again. Thanks Sam
Glad to hear it!
Unfortunately the issue is repairs and warranty not being up to scratch - Insurance companies especially in the UK are ramping up prices due to the fact the services offered by dealers are non existent, third party garages are also not equipped to repair EV's or store EV which have been damaged. So the insurance companies end up writing off cars in most cases where the batteries have been damaged or if there are other issues which would mean the repair is uneconomical where as in a traditional car you could repair it. This is resulting in huge premium hikes across the board, affecting owners with ICE vehicles as well in some cases by 90% - my personal case from 700 to 1400 a year. I had a model S which this happened to (non-fault accident) no structural damage but as the battery had been damaged the car was written off - end result I bought a Porsche Cayenne instead. What we are going to see is the EV bubble pop in it's current form until the infrastructure exists to support things (I wouldn't hold my breath). All I see is the ability to drive becoming an unaffordable luxury for most people in the future - enjoy it while you can.
Danke!
Really nice find. Looks like Tesla nickel batteries will be even more competitive (given that the anode is still wet and the price needs both sides to be dry). Can't wait for Tesla Cathode plant to go online in Texas.
Fixin get good good
Thanks Sam. This is great news. We are so close to a cleaner future. I like you am a car guy so I understand the hesitation for some but once the performance was better it made switching easier.
Cleaner future lol. How blind can one be to the environmental costs of mining, impossible recycling, costs of covering for fall outs of poisonous wind and solar installations. All the poison of batteries will end up in ground water.
The only people that were /are buying EV s are the wealthy ones. I don’t know anyone that wants a new OR Used EV AV Anxiety Vehicle. The big 3 are so screwed.
The price of lithium has fallen a lot from its peak a year ago, and will continue to fall as mine production ramps....so battery prices have a lot more room to fall in the next few years.
As more sodium batteries come into production, ev prices will fall further and faster.
By 2030 ice vehicles will be on life support, very limited value and future.
China owns 80 percent of the important metals for making batteries. The price isn't coming down for ev made outside of China.
Probably sooner than 2030.
@@billrehm3590 What metals please? Lithium? Do you know of discovery a massive lithium deposit within the McDermitt Caldera along the Nevada-Oregon border? Soon China will be begging companies to buy lithium.
@@lesp315 Cornwall in the UK too
@@billrehm3590China would definitely crash the price global prices by overflowing the world with cheap evs.Its a strategic advantage for them.
To complete tesla will probably do the same.
At that point it'd be a no brainer for people to choose the cheaper and faster option with less maintenance.
Trust me, nobody loves car dealerships.
In several countries like the US and in Europe national agents, distributors and wholesalers add huge mark-ups on prices
The big 3 are losing between 10 -15k per unit. 😎👍
I wish home battery packs would become affordable.. Thank you for the time and energy you invest!.
Top Viking!
Battery prices are falling. Oil prices are rising. Great news!
This fools will cry when the gas prices hit $20.00 + a gallon.
The battery price will have to fall a lot further. When your battery craps out in 8-10 years and the cost of replacing it is too much your car is only worth scrap value. Plus the proponents of EV's constantly overlook that the electrical capacity to charge these units is not yet available. We are 40-50 years away from ending the gas car.
Hope the price of batteries falls off that cliff the Electric Viking was talking about! Getting close to the next technology innovation!
In UK the price of an MG4 is less than the equivalent Ford Fiesta…and more powerful.
Of course if you take into account that the development cost of ICE engines has already been paid for, and not so BEV, BEV is way ahead.
And connected to a government kill switch makes it ideal politically.
the reality is theres only ONE thing that matters to joe public, price, convenience, both still lagging.
Great analysis and report! When is it going to show up in ebike priccing? or DIY packs? Don't see it yet.
charging times, lack of sufficient distribution of fast charging for longer range travel, cold weather issues are what has many staying away.
At least where I live (EU), Tesla supercharger network is more than sufficient.
Cheers Sam
That sounds great
Good news Sam
Halo electric Viking guy! Things r gettin interesting
All but 6 EVs sold in the USA are over $35k, so I would say we have a long way to go before EVs are affordable.
Fuel cost per litre has gone up in the uk by 15p per litre so the cost of an i.c.e. has risen very quickly in the last 8 weeks since i have had my VW ID5 and changed from my diesel VW
I just love LFP👍👍👍.
Exciting news 😉👍
Thanks!
drop the price as much as you like, if the grid can't support charging them and running everything else at the same time......... add in not enough charging stations.....
It’s happening way faster than I expected wow
Is it?
How much are EV sales down in the UK recently?
Why did the extend the ban on ICE vehicles for 5 more years?
Personally I think we're going to start to see more pushback from more voters as prices for power keep going up and they see through the con job that the "green revolution" is proving to be.
Problem is that the American heartland will not buy vehicles that only have 200 miles of range for every 15 minutes of fast charging. And fast charging reduces the battery life. Until the charging is reduced to 2 minutes, there will not be sufficient network effects for charging stations to proliferate over our massive landscape and for queues to not form.
@@SMoore-vj7bt most drivers aren’t long distance drivers and can just charge at home over night. I think big oil sees the writing on the wall and for those in the heartland, it’s a free country
@@SugarRushTimes2030-gs3qp who wants to be always tethered? A slave who has been fooled into believing the climate change narrative. Just wait until TPTB increase the price of electricity to 30 cents per kwh and tax home solar panels. First they lure you in like a dumb sheep. The cheaper operating cost does not apply when charging on the road instead of at home. Also it is offset by the huge initial capex for the battery if you want a large battery for range. Also the large battery is very heavy, thus you will be creating massive damage to the other vehicle in a crash (possibly another EV creating massive damage reciprocally). Also how do you recharge if you run out of charge in the middle of nowhere? You can not cart a jerrycan back, you will need to call some expensive mobile recharging or tow truck.
Personally I am not buying any vehicle that drives itself and drive (suicide) me into a tree because I disagree with the government. Until all the electronics are open sourced, I am sticking with refurbished 1990s era vehicles or newer ICEs which I have gutted and replaced the drive-by-wire crap. I realize most Americans do not share my paranoia. Anyway, agreed the EVs do not make sense yet, and the human climate change narrative is a lie (anyone who has researched this will come to this conclusion that only the sun cycles are in control). Besides carbon is the life cycle of the planet and makes the planet greener and humanity more prosperous. Global cooling corresponds to epochs of civilization collapse and pestilence. The entire carbon tax crap is about the elites enslaving humanity. How can the Viking get so excited about this?
Sure. As they lose 10- 15 k currently per unit 🤡
but remember now everyone is becoming aware of massive fire risks nobody wants them anymore. so no demand = cheap
Morning mate
Beautiful 😊
Thank you so much 😀
In UK we are rolling back EV introduction. Planned new charging hubs may not go ahead. We are in the process of removal of clean air 3:27 cities. . So any suppler with fossil fuel. Good market now in England
Lithium hydroxide prices are expected to average $US46,746/t in 2023, before dropping to $US35,416/t in 2024 and $US30,357/t in 2025. _It's important to note that these prices are still historically high_ .
Great News Sam! I am looking forward to smog free cities!
How are you making the electricity to run your ev?
@@billrehm3590 Any which way. EVs don't care how it is made....hydroelectric dams, wind turbines, solar farm or solar on the roof, biomass or nuclear or natural gas turbines .......that's different than Fossil Fuels that HAVE TO be pumped from the ground using energy and polluting....then shipped to a refinery, more energy use and pollution...refined and reformed ...More energy use and pollution and trucked to a gas station ...more energy use and pollution so you can pump that energy into your car and pump toxic gasses out the tail pipe....now your tailpipe is choking the guys behind you but the guys in front of you are poisoning you and your family. If it were in a closed garage it would be quick death, but because it is diluted you and your loved ones get just a little poison at a time so just a little sick or run down feeling. If it were polluted water going into our streams people would be up in arms...but it is just toxic gasses going into our breathing air. It's insane.
I think I will hang onto my ICE car a little longer then switch to an EV. The likely reduced price and the fact that the pollution to make my existing car already happened means that I will be better off with the delay and so will the planet.
If everyone in Aus converted ice to ev tomorrow our power grid would not be able to charge them. Keep your car till it expires.
@@nigelliam153 In a free market, nobody ever builds infrastructure that is not needed. As there is increased demand the utilities will add capacity. That is how it works. No power grid created by sane people would be able to provide of an instant magical change. As people buy EVs the people running th grid will keep up.
@@kensmith5694 yes but there is a massive expense. Replacing all the cables and that will take decades.
The reason why domestic solar inverters are limited to around 3.5 to 4kw depending where you live is for the same reason, the grid won't handle more power coming back the other way.
As per upgrading if you have been following the 15 minute city being rolled out in Europe, the plan is to limit cars to one per 5 people rather than increase infra structure. Find a Copy of the C40 plan and see what the UN/WEF have planned for us. Restrictions on food, clothing, transport and where you can go all monitored and controlled by digital currency. They only seem to be forcing it on Western countries.
@@nigelliam153 Do you realize that an entire city complete with power grid was built quickly in WW2. When motivated things can happen faster than you expect. As technology gets better and the grid gets a bit smarter, the solar power will be allowed to grow. It is one of those things where we adapt.
You seem not to know about what is going on in China.
So why are there still no better PHEVs than the 2016 to 2019 Chevy Volt? More and more brands are making them, but none have a 20 KWH pack unless it's a very large car, in which case still less than the 40-60 mile range of the Volt with it's 15 KWH battery.
What are about ammonia cars?
Good morning Sam, how are you and your Family?
I VOULD LOVE TO buy no 1 but 2 electric cars, but prices are still to high, than government already thinking how to put tax on EV I don't know if is by km or by year.
So for now I stick to my Diesel.
Thank you
God bless you and your Family.
That is great news about the price dropping. BUT
Eminent Professor: The inevitable shortage of critical minerals - not enough ground on our planet - will invariably see the demise of electric cars. It’s no good pontificating about the falling cost of batteries, as manufacturers already know they don’t have a sustainable future, hence, making ‘hay while the sun shines’
With that $80/kwh back when that was quoted, it was predicted to Ben the tipping point, what is that adjusted for inflation for an honest prediction. I’d just be intrusted to know where we actually are relative to the time the prediction was made.
Cheap batt is good but I do not want to die ,burn alive from my charging car in my garage ,when battery is too cheap something bad going to happen
It's always the case so what change?
That is Q1 Iam; are you aware of the 3 typhoons that flooded much of the populated areas? The breeched bridges, roadways, dam; destroyed crops? do you think growth can continue now?
Dream on.
Viking, you are totally wrong in your statement that battery prices have come down 80%.....it's all relative to the product and just because the batteries were so homogenously overpriced when they started to be the in thing for EV's it doesn't mean they are cost effective in today's climate of ban the petrol car no matter how you view it.
The battery pack will always be the Achilles heel of the motor industry and I wouldn't mind betting that there will be a long wait for the total adoption of electric cars as opposed to the petrol ones.......only a government initiative with subsidies (like they do in China....nudge nudge) for new EV ownership is going to make it a reality.
Prices work on an "average" per kilowatt hour and in fact the average decrease over 10 years is greater than 80%, so your claim is off the mark.
FYI the average EV battery price has decreased from almost $1200/kWh to around $100/kWh this year.
Your point about "banning" ICEVs is totally irrelevant and so far off anyway that you appear not well informed.
And your point about the Achille's heel actually is relevant to charging times and not the battery. Worse, as I charge 90% at home, overnight, I am advantaged over ICE owners who have to waste time to refuel.
Finally, anyone capable of doing the math would know total cost of ownership of an EV is already much less than an ICEvs, and that's based on prices heavily inflated by dealerships and taxes. Then there's the resale value, which is significantly better for EVs than ICEvs
But you keep believing in the outdated things you do if it makes you happy.
@@remakeit2628 A kw*hour is roughly equal to a hp*hour.
@@remakeit2628 Perhaps a "far off" discussion needs to be held with our current dementia leader. Of course if by "far off" you mean day after tomorrow - well then.........
And you failed to mention the advantages of a government controlled kill switch.
@@remakeit2628 Did the roll out of ICE require the level of government corruption (subsidy) current BEVs require?
@@remakeit2628 hahah waste time to refuel yeah takes all of 3 minutes and lasts 3 times longer everyone can fill up with fuel not everyone can fill up at home
Great news Sam, I guess this has major implications for grid storage and coal power plants can be fased out real quickly. I am very interested if the amount of batteries output in Terra watts produced exeeds earlier projections or is on par to earlier projections. (your country, Australia might be the first on the southern hemisphere to go fully green!) Danmark will be the first on the northern hemisphere
Good to go green early.
I support this disruption rather than sitting on the fence. Never-mind when the prices of EV and batteries fall. Happy for the new buyers. Let this spirit go on.
Now I drive my EV in the city streets I feel no guilt of making the air there foul. When I park my car next to someone else’s house, I don’t foul their clean air nor cause any noise to them while leaving my air con on and waiting for a friend inside my car. And absolutely no concern of being poisoned by carbon monoxide when I rest in the car parked at a park.
The lower lfp prices are great for people with home or rv solar. LFP has way more charge/discharge cycles, about double the cycles of a regular lithium ion
Don't forget Bhutan, they're already 100% green.
Do the math. There isn't enough solar to run transport - let alone the country.
*phased...
excellent news! ... only possible problem for US consumer is that IRA may block Chinese made EV battery for Tax rebate. anyway I hope other company join the party to lower EV battery price more! only 2 BYD and CATL control the most of EV battery market is.. disturbing(for long term political problem)
Plz provide numerical figures on screen. Hard to get it by ear
Thank you very much
It's all coming true, just like you predicted Sam, but maybe a bit faster than even you thought? Unbelievable, we'll be telling this story to our grandchildren.
Tony seba would like a word. 😁
It must be true. I've noticed a massive uptick in the anti-EV activity in the comment sections under EV articles especially on Yahoo and MicroSoft Start. The anti-EV trolls are attempting to weaponize the comment sections and thumb counters.
Is this click bait ..??? .. ICE won't go away ... the 1000% fabrication emission of every EV (compared to ICE) is already a big problem .... not to mention the charging time issue (which inherently limited by physics law) ... not to mention providing charging facilities (10 MEGAWATTS per charging point if BEVs want to compete with ICE in recharging vs refueling speed ..) ...
@@kebeleteeek4227 95% of the material inside of EV batteries can be recycled. JB Straubel created Redwood Materials for recycling EV (and other) batteries.
Also, we are nowhere near a physics limit to how fast EVs can charge. For example, manufacturers are starting to double the voltage of the battery packs which cuts the charging time in half.
If ICE cars want to compete with EVs then you will need to install a gas pump at every house. The vast majority of EV charging is done at home which is incredibly convenient and the speed does not matter. Mine charges automatically in the middle of the night.
Even with the current charging rates (about 15 minutes per stop), most people who have the option prefer to road trip with an EV. If you want to learn about the joys of EV road tripping, I recommend Out of Spec Motoring. For example:
Model 3 Road Trip To FL! Here’s The Tesla Supercharger Experience That NACS Equipped Cars Will Have
th-cam.com/video/pGobU1Iawpc/w-d-xo.html
Yes, we will need to increase the capacity of our electric grid as we transition to EVs. Instead of just pulling a bunch of lies out of your hat, I suggest you listen to an engineer who knows what he is talking about:
If Gas Cars Are Banned, Can The Grid Handle Electric Cars?
th-cam.com/video/7dfyG6FXsUU/w-d-xo.html
@harmony3138 I didn't say they would learn it at school, read it again genius.
It surprises me that battery prices have fallen since demand must be high and set rise even higher, then there are the challenges of raw material supply to come. Economies of scale will likely play an increacing role however.
I wonder if this may further reduction in price-point lead to a new transport vehicle segment for larger vehicles because larger vehicles mean bigger battery and longer range. May suit people carriers or work trucks or for vehicles that tow. Alternatively, one novel solution for road trips requiring a a longer range battery is for start-ups to engineer battery bank trailers to power the motor which are towed by the vehicle. The battery bank trailer would also have breaks to regenerate electricity when travelling down hill.
Presumably, all passenger buses can be transitioned to electric battery/ motor power using the same economy of scale and could take advantage of in-ground charging via wifi at bus stops and or through having perovskite solar panels on their roof.
The same argument goes for passenger trains.
Battery powered cargo ships, augmented with solar panels and twin skin wing sails.
...an onboard fueless solid-state generator will appear in future!
I looked to start replacing our fleet of Ford Transits with EV transits which is twice the price, half the range and can't tow a trailer. I can't see the death of ICE and will be ordering replacement diesel vans.
Lithium prices should fall drastically because they’re figuring out a way to make batteries without lithium and they know .
There are approx 1.5B motor vehicles in the world. Batteries materials are in short supply. Its going to take quite a while..
Helps explain how Tesla is continuing to lower prices
Tesla passes savings on to customers big 3 never has damm sho never will……. To busy being th leader YEHEHE
Nmc is extremely explosive thou. I would never ever own a nmc vehicle of any sorts. My friends would never be allowed to park their nmc car close to my house and i would never accept driving with them or a taxi with nmc. When they go bad, its so fast the best description is "scary".
@2:54 $98 kWh x66 kWh M3P model 3+ project highland
Wishful thinking ,can you prove the price reduction ?
LOL
Never. Will not happen.
Hey great chanel Viking!! can you hepl me with a reputable and reasonably priced supplier for some LFP solar batteries please? I dont mind importing them but there's a lot of smoke and mirrors out there.
Thanks👍
It depends where you live, in the UK we are struggling with the amount of electricity available, so battery costs aren't really a limiting factor. There's very limited public charging available too. If we tried to swap all of the energy from fossil fuels to electricity the national grid would collapse. I'm sure it will come eventually but no single technology is going to be a breakthrough.
The strawman in this argument is that there will be an attempt to transition everything at once which is not what is happening. EVs will continue to ramp and pain points will be identified. More localized solar, wind and other + battery storage will likely help. It's not going to be without issues of course but it's not the impending doom some like to project.
@@erktrek I would agree for instance we won't get more charging points until there is more demand, but I won't be going down the electric route until its as cheap and convenient as petrol. Something needs to be done with pricing currently a kilowatt hour equivalent of gas is a quarter of the price of electricity.
Well, we're at about 16 Million so an about 5-6x more in volume/year, some say even 8x, since BEVs will be so cheap they will increase the annual sales to maybe +100 Million/year=Wright's Law kicking in big-time + deflation of raw materials is just AWESOME!
The only people that were /are buying EV s are the wealthy ones. I don’t know anyone that wants a new OR Used EV AV Anxiety Vehicle. The big 3 are so screwed.
good news to consumen
Perhaps NOT the end of IC engine! Cheap batteries will improve the economy and range of hybrid cars while keeping the ratio of gas price, to battery price, to home electricity, and to solar roof panels fluid. This should create a mini price-war between energy contenders. Sooner or later the public will figure out that CO2 is plant food and causes negligible climate change. Unadulterated data is currently available. Graphed data does not follow CO2 levels.
It’s not the price that stopping me. It’s the infrastructure and range. I put a long range tank on my Ute to solve my range problems with diesel. Until I can go away for a weekend and not worry about my battery levels I will be buying diesel vehicles.
Yes. The only people that were /are buying EV s are the wealthy ones. I don’t know anyone that wants a new OR Used EV AV Anxiety Vehicle. The big 3 are so screwed.
Good news however infrastructure for charging away from home is not there yet!
Plus cost of charging away from home is so expensive fuel economy is very expensive 3/4 times that of ICE petrol or diesel cars..
So tipping point still along way of my friend!
Tytyty Mr Sam best video UVE mad in th last 5 minutes HA
Another very interesting article with some views of incredible automated technology to make and assemble the battery packs. Despite falling battery prices, here in the uk the cost of any ev you would consider buying is eye wateringly expensive, and I don’t see the price falling to any level of affordability for the average driver any time soon. In fact there will always be an excuse to maintain prices, such as larger kwh packs and increased range. For the average uk motorist the cost of an ev is beyond income levels and even eclipses the prospect of buying a ‘luxury’ badge ICE car. Perhaps the biggest elephant in the room is the fact that batteries will not last as long as a ic engine, rendering the car compromised with the prospect of significant cell replacement cost, for even the car being virtually valueless on the s/h market. All this after spending upwards of £46,000! I think I’ll wait a bit.
at what environmental cost?
Unfortunately, the cost of electricity in California is going up almost as fast as the cost of batteries is going down. Also, within a couple years, higher paid people in California will experience a rate increase to help reduce the rate for poorer people.
Saying that EV prices reached par prices with ICE prices over and over isn't going to make it true.
I have been pricing both ICE and EV cars in the USA for my next car purchase.
- EV models in my price range are about $10k over comparable ICE models.
- There are zero (yes, zero) of those overpriced EVs available in stock within 2000 miles of my location.
- And to add insult to injury, public chargers sell charging so expensive that unless you charge at home you pay more per mile than gasoline.
- While charging at home is indeed cheaper, it is barely cheaper. Worse, most of the public grid electricity in the US is still dirty, and putting solar panels on your home have tax and insurance implications that often completely wipe the advantages.
So, if you (like me) are looking at your next car purchase purely from a financial perspective the clear choice for now is a high MPG reliable and low cost ICE, with little net effect on the environment because of the dirty power grid.
Things might be different if you are in the $40-100k price range, but that is not me. And I don't see things changing much unless sub-$25k and sub-$20k EVs become readily available for same day purchase in the US.
The same goes for in-home solar panels and batteries. They need to become cheap enough to make sense.
Problem is that the American heartland will not buy vehicles that only have 200 miles of range for every 15 minutes of fast charging. And fast charging reduces the battery life. Until the charging is reduced to 2 minutes, there will not be sufficient network effects for charging stations to proliferate over our massive landscape and for queues to not form.
@@SMoore-vj7bt Agreed that we need more charging stations, but they also need to sell electricity so that their price is lower than gasoline or diesel in cost per mile driven.
We also need low-cost EV models (in other nations you can even get them for $10k, with at least 2 seats and A/C while here they start around $30k compared to inexpensive gasoline vehicles starting at $15k).
And EVs need to be easily available and not something you order from a dealer and then have to wait for months or years to receive it. If waiting for delivery is going to be the new normal... we might as well order directly from the manufacturer at MSRP+delivery charge and let the dealers go jump off a bridge. But even then, delivery from manufacturer should happen within 1-2 weeks at most.
If these things don't happen the only ones buying EVs are going to be the green fanatics and those who believe the lies about cheaper cost of operation. Those that buy purely based on financial factors or are strapped for cash are going to continue buying good old ICE cars.
@@nospamallowed4890 who wants to be always tethered? A slave who has been fooled into believing the climate change narrative. Just wait until TPTB increase the price of electricity to 30 cents per kwh and tax home solar panels. First they lure you in like a dumb sheep. The cheaper operating cost does not apply when charging on the road instead of at home. Also it is offset by the huge initial capex for the battery if you want a large battery for range. Also the large battery is very heavy, thus you will be creating massive damage to the other vehicle in a crash (possibly another EV creating massive damage reciprocally). Also how do you recharge if you run out of charge in the middle of nowhere? You can not cart a jerrycan back, you will need to call some expensive mobile recharging or tow truck.
Personally I am not buying any vehicle that drives itself and drive (suicide) me into a tree because I disagree with the government. Until all the electronics are open sourced, I am sticking with refurbished 1990s era vehicles or newer ICEs which I have gutted and replaced the drive-by-wire crap. I realize most Americans do not share my paranoia. Anyway, agreed the EVs do not make sense yet, and the human climate change narrative is a lie (anyone who has researched this will come to this conclusion that only the sun cycles are in control). Besides carbon is the life cycle of the planet and makes the planet greener and humanity more prosperous. Global cooling corresponds to epochs of civilization collapse and pestilence. The entire carbon tax crap is about the elites enslaving humanity. How can the Viking get so excited about this?
So Sam, why then is Camry still 1/3rd cheaper than a Model 3 ?
Then ask yourself how much profit margin on each camry sold with rising wage inflation
, transportation and operational cost inflation.
This news will won't come now but will trickle slowly over the next 6 months and beyond
It isn’t. Both are around 30k
@@zoobrizz Camry around $40k Tesla $60’s here in Australia.
Prices can only plummet so unexpectedly fast if they're overpriced in the first place.
economies of scale. Econ 101. the billions that have been going into automated battery production and materials supply chains- will naturally bring down the price- asymptotically with the price of the base materials.
Lithium's current price is a third of its high in 2022, but it's still five times the low in 2020. There's still a whole lot of room on the downside.
I wouldn't begin to try and predict the future price of Lithium. they'll be more demand... but also more supply. Supply and demand will react to each other. who knows.@@restonthewind
Lets just hope the price drop isn't matched with the usual hand in hand quality drop. Something has to give when it comes to BOM in manufacturing if prices drop, especially in a high interest economy. It will take several years of real world use (not lab tests) to reveal the true decay curve of these cheaper cells.
More range, less time recharging, price parity with ice age cars, full autonomy. Those are the keys and doors to an electric future on transportation.
Autonomy isn't necessary for basic cheap cars. Just get rid of those and make it dirt cheap.
I haven't seen any decrease in price in any batteries! Electric car prices haven't come down. I don't believe it!
Where can I buy a battery that is 80 $/kWh??
You cant - this is not retail price.
@@meelis79 Then what good is such a claim to us??
How long can you drive your car with an electric pack before you have to change it ? You can easily drive 20 years with an internal combustion engine. Can you do the same?
Price of ICE is going up in America. UAW is on strike, inflation, and GM, Ford, and Stellantis have been only building cars with the highest margins. This has caused the average price of a vehicle to increase by almost 20% in the last 3 years. With battery prices falling and gas prices raising, this is not hard math for most new car buyers. Buy a Tesla, or get screwed by OPEC and Legacy Auto.
This is only tackling one factor...
There are still the issues of a completely unprepared and useless charging infrastructure, range, depreciation, degrading battery life (meaning that at some point you're still going to have to replace it) and escalating insurance to name a few...
These things are like mobile phones - virtually obsolete before they hit the shelf, because you just know there's an updated model coming in just six months' time!
Battery prices will continue to fall, so we'll be marvelling at the high prices paid today.
Distinguish between price of batteries to the auto industry and the actual purchase prices of EVs to end customers. Since there are so many levels between the extrapolation is limping
$100 a kwh has been around for a few years now so logically with inflation that figure is totally wrong now..
Wow. Major changes are happening, and it's bad news for Germany.
VW is coming out with a golf sized electric suv and that’s what I’ve been waiting for, tesla is too slow on bringing out a compact car in my opinion so the demise of VW is a bit overblown I think.
VW will be fine if they can sort out their software and haptic buttons. There are still a lot of VW fans out there (we have a 2019 eGolf and we love it). They just need to get on with sorting out their problems ASAP.