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It is often said that electric cars are simpler than ICE, why are they more expensive then?
by codedokode 3y ago
It is often said that electric cars are simpler than ICE, why are they more expensive then?
- panick21_ 3y agoBattery supply chain limits and cost. If you only have batteries for X amount of cars, selling X amount of expensive cars makes much more sense. Also despite being conceptually simpler, the cost of the battery is still high.
- shafyy 3y agoMissing economies of scale, for starters.
- dagmx 3y agoSimpler doesn’t mean cheaper to the consumer at time of purchase. You have to factor in R&D, price of parts etc… ICE cars have had decades to bring down the cost of manufacturing, through shared components and improved manufacturing processes. EVs are newer, with a lot of cost going into R&D that must be recouped and parts that aren’t shareable across their entire lineup of vehicles yet. The simplicity of EVs results in reduced ownership cost though with little maintenance required
- jandrese 3y agoSimple usually means fewer parts. Doesn’t mean those parts are cheap. Raw material costs for EVs are still a problem, although the increased demand in the past few years has spurred mining annd refining companies into action and we are now seeing drops in the Lithium and other commodity markets. The invisible hand at work.