4 ms·
The prices are coming down but at the same time they are increasing the range and other features which are keeping the prices from falling as fast. In 5 years,
by timbit42 3y ago
The prices are coming down but at the same time they are increasing the range and other features which are keeping the prices from falling as fast. In 5 years, EVs will be less expensive than ICEVs. ICEVs have had over 100 years to be optimized and cost reduced. EVs have had less than 15 years so far. They will keep getting less expensive for a long time yet.
- anovikov 3y agoWell the only cost reduction driver now is increase in volumes. As PHEVs will die out, we will see about 10x increase in volumes vs 2022, in maybe 20 years (to fill in ~90% of today's or ~75% of that time's global demand, assuming demand grows 20%). Normally for every high tech product, a 10x increase in volumes results in about 2x reduction of price, give or take - we are about to see whether it comes true.