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I think this isn't surprising. The fundamentals of the making of electric cars are obvious: they should become cheaper. Currently their price is dominated by ba
by _ph_ 2y ago
I think this isn't surprising. The fundamentals of the making of electric cars are obvious: they should become cheaper. Currently their price is dominated by battery costs and the costs of ramping up the production, but both are destined to come down.
But overlaid on this natural "flow" are turbulences. Demand varies, at each new generation which is cheaper and better, demand usually takes a huge step up. Which temporarily lets prices stay constant or even raise for a bit. High prices cause large production increases which eventually will over saturate the market and force prices down which of course increases demand again.
But in the end happens, what has been predicted for 10 years, that electric cars become cheaper than cars with combustion engines.