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This seems trite, but the reason EVs aren’t affordable now is that not enough are being produced to satisfy demand. The actual cell cost (not price) is crazy lo
by Robotbeat 5y ago
This seems trite, but the reason EVs aren’t affordable now is that not enough are being produced to satisfy demand. The actual cell cost (not price) is crazy low, like under $80/kWh for the LFP type cells in the base Model 3. But the price goes higher because demand is so incredibly high, even though Tesla is making 1 million EVs per year and growing rapidly year on year.
Used EVs used to be pretty dang affordable already (I got a Leaf and a Volt for under $10k each) before all used cars became more expensive and the price of gasoline increased, increasing the demand for EVs.
It’s just about scaling up production.
- Terry_Roll 5y agoChina is turning out so many EV cars, dealers are buying back old one's to keep the price up. This is what BMW did (and possibly other German car manufacturers), in the late 80's/90's. Another thing I see China doing, is pegging their currency to the dollar, now when the UK did this to the stronger German Deutsche Mark, the UK under Lord Norman Lamont crashed out of the Exchange Rate Mechanism and the UK saw interest rates hit 12/13% so I wonder if this chip shortage has more to it other than investment reasons only?