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> batteries and EV drivetrains are still a bit more expensive than a traditional ICE We're really close to crossing that line, maybe we even have already done
by rootusrootus 3y ago
> batteries and EV drivetrains are still a bit more expensive than a traditional ICE
We're really close to crossing that line, maybe we even have already done so. For someone shopping new sedans, it's hard to argue with ROI on the Model 3 RWD right now.
- AtlasBarfed 3y agoTesla is almost certainly cheaper than an ICE, they are sitting on their profit margin to a large degree. Chinese makers are likely under it too. All the incumbents are still way over it, I hear like $140/kw-hr for things like the electric ford F-150. I'm fairly confident Tesla and the chinese are under $100/kw-hr, and that's without the forthcoming high density sodium ion/LFP cells that will probably get into cars in 2024. The Chinese EV makers are really the Sword of Damocles to Toyota and US/EU car makers. Tesla can already match them in costs, but if they gain access to the US market, the other car makers will have to eat a lot of losses to stay remotely price competitive with them.
- rootusrootus 3y agoThe only hope for the incumbents against Chinese EVs right now is tariffs and infrastructure. It takes a fair investment to build a support network that can compete with all the existing dealers with their service departments. But that is definitely not an insurmountable advantage.