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several battery breakthroughs that will dump the cost way bellow the holy grail of car batteries of $100/kwh that makes them on pair with ICE cars. Some estimat
by maxdo 6y ago
several battery breakthroughs that will dump the cost way bellow the holy grail of car batteries of $100/kwh that makes them on pair with ICE cars. Some estimates predict that they will go way bellow $80 in 2021-22, Means end of 2022 beginning of 2023 will be flooded with even cheaper comparing to Model 3 cars with better quality batteries. Good quality $25-30k electric car will be a new reality. Those segments attack bestsellers like Toyota Camry etc... I'm pretty sure the price war will push them even lower within 1-2 years. Means full line of EV's from very cheap to luxury by 2024-25 on a scale from multiple companies.
As a result we will have cars on the market that cost the same, perform better, and cheaper in a lifetime from service and fuel perspective.
Millennials and GenZ also very eco-friendly, which means younger people are eager to buy EV's.
The only delay could be new battery terra-factories rollout lag. That might give an extra 1-3 years lifetime for ICE.
After that the traditional car market will be shaking as never before.
- travisporter 6y agogreat read on this topic - https://about.bnef.com/blog/behind-scenes-take-lithium-ion-battery-prices/ https://about.bnef.com/blog/behind-scenes-take-lithium-ion-b.... As usual, more nuanced than I naively thought. "Put simply, something that looks like a future breakthrough today might end up simply being another point on the curve, by the time it is developed and engineered into a viable product and brought to market in a decade’s time."
- ChuckNorris89 6y ago>Millennials and GenZ also very eco-friendly, which means younger people are eager to buy EV's. Actually, they're more likely to prefer a car free lifestyle unless of course they have a six figure job in finance or at FAANG but that's like 1% of Millennials and GenZ in Europe, the rest are broke AF.