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So what battery production prices are falling 10% a year around the same for solar and wind electricity. As more electric car manufacturing ramps up with more i
by xbmcuser 3y ago
So what battery production prices are falling 10% a year around the same for solar and wind electricity. As more electric car manufacturing ramps up with more investments prices will keep falling.
Most people finance a purchase like cars are paying it over 6-7 years. Today looking at gas prices the fuel cost saving can be anywhere between $100-300 a month depending on how much you drive where you charge. So even if an electric car that is 10k more expensive than ice is actually still cheaper today for a lot of people if you look at monthly expense. And each year it gets cheaper for more people to go electric as electric cars get cheaper. This is going to accelerate the price drops are too rapid for most people to understand cost analysis research from 2 years ago might no longer be valid today and today cost analysis wont be valid in another 1-2 years
- b112 3y agoSad truth, as you say, most people finance their cars, and with higher rates, those fuel savings mostly vanish, due to interest on the extra 15k loan over 4 or 8 years.