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The typical EV industry trade show has a small handful of cars and a vast amount of tangential businesses including many finance options, a vast amount of home
by Theodores 1y ago
The typical EV industry trade show has a small handful of cars and a vast amount of tangential businesses including many finance options, a vast amount of home charger gizmos, fast charging gizmos, electricity suppliers and the companies promising grid-scale storage, either from actively used cars or recycled EV batteries. There is a vast constellation of this stuff, with specialist insurance companies that nobody really asked for outnumbering the car brands or even e-bike brands present.
In time there will be consolidation. This constellation of EV startup bottom-feeders will be decimated along with the 'excuses' to not make money.
I don't think the problem is that EV batteries are lasting longer, it is just that the EV market from before the Model 3 came along is miniscule. Hence not many second hand batteries to recycle.
As for EV batteries and their availability, when was the last time you saw an OG Tesla Model S with the fake grill? Those cars used to be everywhere, but where are they now? The German EVs that came out to compete, for example, Taycan and eTron, those things are not going to last the distance since the repairs cost a fortune and the parts supply is limited.
All considered, there will come a time before 2040+ when there are large quantities of these electric car batteries to upcycle, by which time the EV business will be consolidated with only a few players.
If there was money in recycling cars then every auto manufacturer would be in on it.