There is a big media push to say EV market is in trouble. If you look at the price change dynamics for batteries, it's a constant decline. In fact, the first Tesla battery pack battery and the current one have a price diff of 30x.
Right now, the cost goes below 100 kWh.
That is an industry agreed threshold of EV becomes cheaper to produce compared to ICE cars.
So this and next year, market will introduce several EVs that are cheaper compared to ICE.
Add to this government funding incentives.
Plus, the side effects of expensive batteries pushed companies like Tesla to adopt stamping techniques, higher levels of automation, etc.
So, the typical buyer persona will switch from upper mid-class early adopters to people who need a cheap car for their day-to-day use.
That's going to be another EV rush, where they will be selling everything they can produce.
Fun fact: China surpassed Japan as the biggest car exporter. And battery revolution held mostly by Chinese companies will strengthen that lead x2 since they are the most capable of producing cheap EV's.
Why would you buy a gas Toyota Corolla if you will be able to buy an EV that is $5-10k cheaper? And btw, Chinese manufacturers are buying factories in Mexico to be ready to export EVs to the US.
Scary conspiracy theory: The Western world is very scared of this wave of cheap EVs, and that's why we see these ridiculously misleading articles.
post-WW2 world: The West produces cars and sells them to the rest of the world; no one else is capable of producing good enough ICE cars.
post-2025 world: west is not able to compete with the price and efficiency of Chinese-produced batteries and hence EVs market overall.
Right now, the cost goes below 100 kWh. That is an industry agreed threshold of EV becomes cheaper to produce compared to ICE cars. So this and next year, market will introduce several EVs that are cheaper compared to ICE. Add to this government funding incentives. Plus, the side effects of expensive batteries pushed companies like Tesla to adopt stamping techniques, higher levels of automation, etc.
So, the typical buyer persona will switch from upper mid-class early adopters to people who need a cheap car for their day-to-day use.
That's going to be another EV rush, where they will be selling everything they can produce.
Fun fact: China surpassed Japan as the biggest car exporter. And battery revolution held mostly by Chinese companies will strengthen that lead x2 since they are the most capable of producing cheap EV's.
Why would you buy a gas Toyota Corolla if you will be able to buy an EV that is $5-10k cheaper? And btw, Chinese manufacturers are buying factories in Mexico to be ready to export EVs to the US.
Scary conspiracy theory: The Western world is very scared of this wave of cheap EVs, and that's why we see these ridiculously misleading articles.
post-WW2 world: The West produces cars and sells them to the rest of the world; no one else is capable of producing good enough ICE cars.
post-2025 world: west is not able to compete with the price and efficiency of Chinese-produced batteries and hence EVs market overall.