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Electric car battery prices are going back down faster than expected (2023)

electrek.co

21–30 of 73 posts

Re: Electric car battery prices are going back down faster than expected (2023)

#22

I know most people don’t believe this, but it is likely that electric cars have a good chance of becoming far cheaper than ICE cars over the coming 5-10 years. EVs are complex, but in ways that are much more subject to economies of scale. For example, much of their value is in the software, which replicates for nearly zero marginal cost. Electric motor assembly is highly automatable and a fraction of the cost of asse…

I'm in the US and I don't see any current manufacturer lowering their price over time. They'll either have higher margins or they'll just add more features to raise the price.

  Average car price in 2002 was ~$19k. 
  Adjusted for inflation is ~$33k.
  Average car price in 2024 is $48k.
If a company was run in a more sane way where they want to provide cars at a reasonable price where the company can pay it's employees a fair wage then maybe that could happen. Instead, most US corporations pay employees as low as possible, take as much money from the consumer as possible, and have the excess go to executives and shareholders.

Re: Electric car battery prices are going back down faster than expected (2023)

#23
post #18
post #17

Earlier quoted context omitted.

I'm a little afraid "economies of scale" will turn into a steering wheel one or two pedals and an ipad, no other controls.

I really hope automakers don't start embracing touchscreens even more. Tactile feedback / muscle memory is important for safer operation. At least Mazda seems to get that[1], if only others would get over their minimalism obsession. Would embrace regulations requiring physical controls for most common tasks. [1]: https://www.motorauthority.com/news/1121372_why-mazda-is-pur...

I want the year 2010 car experience with some of the EV benefits. So electric motor/battery/charging/steer and break by wire/classic dials for speed/classic climate control controls/classic signalling and lighting controls/... Maybe Carplay/Android Auto, but no tracking or operating controls that are touch screens. Also, a way to disable the display with a button.

Re: Electric car battery prices are going back down faster than expected (2023)

#25
post #18

Earlier quoted context omitted.

I really hope automakers don't start embracing touchscreens even more. Tactile feedback / muscle memory is important for safer operation. At least Mazda seems to get that[1], if only others would get over their minimalism obsession. Would embrace regulations requiring physical controls for most common tasks. [1]: https://www.motorauthority.com/news/1121372_why-mazda-is-pur...

I want the year 2010 car experience with some of the EV benefits. So electric motor/battery/charging/steer and break by wire/classic dials for speed/classic climate control controls/classic signalling and lighting controls/... Maybe Carplay/Android Auto, but no tracking or operating controls that are touch screens. Also, a way to disable the display with a button.

I don't think anything is brake by wire, even that Lexus has a failsafe mode that ultimately is a direct physical connection. No saving parts there yet.

Re: Electric car battery prices are going back down faster than expected (2023)

#26

I know most people don’t believe this, but it is likely that electric cars have a good chance of becoming far cheaper than ICE cars over the coming 5-10 years. EVs are complex, but in ways that are much more subject to economies of scale. For example, much of their value is in the software, which replicates for nearly zero marginal cost. Electric motor assembly is highly automatable and a fraction of the cost of asse…

I'm in the US and I don't see any current manufacturer lowering their price over time. They'll either have higher margins or they'll just add more features to raise the price. Average car price in 2002 was ~$19k. Adjusted for inflation is ~$33k. Average car price in 2024 is $48k. If a company was run in a more sane way where they want to provide cars at a reasonable price where the company can pay it's employees a fa…

Watch Australia. I feel the same way about the incumbent manufacturers and their pricing and chasing the higher end market. But BYD has come and captured a huge chunk of the EV market, and that is before releasing their low cost vehicles.

Re: Electric car battery prices are going back down faster than expected (2023)

#27

I know most people don’t believe this, but it is likely that electric cars have a good chance of becoming far cheaper than ICE cars over the coming 5-10 years. EVs are complex, but in ways that are much more subject to economies of scale. For example, much of their value is in the software, which replicates for nearly zero marginal cost. Electric motor assembly is highly automatable and a fraction of the cost of asse…

I'm in the US and I don't see any current manufacturer lowering their price over time. They'll either have higher margins or they'll just add more features to raise the price. Average car price in 2002 was ~$19k. Adjusted for inflation is ~$33k. Average car price in 2024 is $48k. If a company was run in a more sane way where they want to provide cars at a reasonable price where the company can pay it's employees a fa…

> I'm in the US and I don't see any current manufacturer lowering their price over time.

Have you checked Tesla prices over the last 12 months?

Re: Electric car battery prices are going back down faster than expected (2023)

#29

I know most people don’t believe this, but it is likely that electric cars have a good chance of becoming far cheaper than ICE cars over the coming 5-10 years. EVs are complex, but in ways that are much more subject to economies of scale. For example, much of their value is in the software, which replicates for nearly zero marginal cost. Electric motor assembly is highly automatable and a fraction of the cost of asse…

> For example, much of their value is in the software, which replicates for nearly zero marginal cost.

People have been saying this for decades now and conveniently forget that replacing CD cases with Internet downloads doesn't eliminate the fact that software engineering is expensive in itself.

Crazy how TurboTax isn't $5 or Tesla FSD doesn't come standard. So much for zero marginal cost.

Re: Electric car battery prices are going back down faster than expected (2023)

#30

I know most people don’t believe this, but it is likely that electric cars have a good chance of becoming far cheaper than ICE cars over the coming 5-10 years. EVs are complex, but in ways that are much more subject to economies of scale. For example, much of their value is in the software, which replicates for nearly zero marginal cost. Electric motor assembly is highly automatable and a fraction of the cost of asse…

I'm in the US and I don't see any current manufacturer lowering their price over time. They'll either have higher margins or they'll just add more features to raise the price. Average car price in 2002 was ~$19k. Adjusted for inflation is ~$33k. Average car price in 2024 is $48k. If a company was run in a more sane way where they want to provide cars at a reasonable price where the company can pay it's employees a fa…

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