Why prices are dropping for EV’s.
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Interesting article. The take away for those of your without a subscription is that prices for EV's are dropping fast because of rapidly improving battery technology, dropping battery prices due to scale, and replacing difficult to source metals for more readily available metals. The author's conclusion is that people may soon start to have to pay a premium to buy conventionally powered cars.
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It is also a supply and demand issue and until there are EV’s that the masses can afford supply will eventually over ride demand. How many people do you know that can afford a $100k+ automobile?
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Yah, I should have included that in my summary also...manufacturers are fast coming out with cheaper EV's, making them at or near parity with other modestly priced cars. How many people do I know who can afford a $100,000 priced vehicle? Practically all of my neighbors apparently, but I'm at a lose to understand how they are affording such toys.
Last edited by nath_h; Mar 4, 2023 at 10:22 AM.
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From what I have read the average American family is living pay check to pay check and has extended their lines of credit to the max. Just because folks live in nice houses, take multiple vacations a year or drive expensive cars does not necessarily mean they can afford them. It’s smoke and mirrors in some cases.
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From what I have read the average American family is living pay check to pay check and has extended their lines of credit to the max. Just because folks live in nice houses, take multiple vacations a year or drive expensive cars does not necessarily mean they can afford them. It’s smoke and mirrors in some cases.
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From what I have read the average American family is living pay check to pay check and has extended their lines of credit to the max. Just because folks live in nice houses, take multiple vacations a year or drive expensive cars does not necessarily mean they can afford them. It’s smoke and mirrors in some cases.
In 2nd place right now is the map of last night’s high-wind caused power outages sent by my BIL
What the hell good is that for me?
Last edited by Newbyloub; Mar 4, 2023 at 12:54 PM.
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This place is a joke.
Yah, I should have included that in my summary also...manufacturers are fast coming out with cheaper EV's, making them at or near parity with other modestly priced cars. How many people do I know who can afford a $100,000 priced vehicle? Practically all of my neighbors apparently, but I'm at a lose to understand how they are affording such toys.
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[QUOTE=Newbyloub;8732737]All these pithy generalizations have been the true highlight of my weekend thus far but my about-to-be-served pasta fajolis may push them down to runner-up.
It must be nice living in a alternate universe. U.S. credit card debt rose 60 Billion dollars since December to a all time high of 1 Trillion dollars. Move along citizen, nothing to see here.
It must be nice living in a alternate universe. U.S. credit card debt rose 60 Billion dollars since December to a all time high of 1 Trillion dollars. Move along citizen, nothing to see here.
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Interesting article. The take away for those of your without a subscription is that prices for EV's are dropping fast because of rapidly improving battery technology, dropping battery prices due to scale, and replacing difficult to source metals for more readily available metals. The author's conclusion is that people may soon start to have to pay a premium to buy conventionally powered cars.
It is often overlooked that the battery technology is improving so rapid that an EV with today's battery will be 'obsolete' in, say, 5 years. Since the battery array is the most expensive component of an EV, value of today's EVs will drop much faster than gasoline cars. There is always a premium to pay when one wants to use latest tech.
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From what I have read the average American family is living pay check to pay check and has extended their lines of credit to the max. Just because folks live in nice houses, take multiple vacations a year or drive expensive cars does not necessarily mean they can afford them. It’s smoke and mirrors in some cases.
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Thanks for the summary.
It is often overlooked that the battery technology is improving so rapid that an EV with today's battery will be 'obsolete' in, say, 5 years. Since the battery array is the most expensive component of an EV, value of today's EVs will drop much faster than gasoline cars. There is always a premium to pay when one wants to use latest tech.
It is often overlooked that the battery technology is improving so rapid that an EV with today's battery will be 'obsolete' in, say, 5 years. Since the battery array is the most expensive component of an EV, value of today's EVs will drop much faster than gasoline cars. There is always a premium to pay when one wants to use latest tech.
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From what I have read the average American family is living pay check to pay check and has extended their lines of credit to the max. Just because folks live in nice houses, take multiple vacations a year or drive expensive cars does not necessarily mean they can afford them. It’s smoke and mirrors in some cases.
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I've wondered for several years now how my neighbors do it...big houses, multiple kids, private school, country club, and 2 new SUV's. And, they are young. It never would have occurred to me to buy such an expensive lifestyle when I was 35. They all must be running close to the edge, if mommy and daddy are not subsidizing their lifestyle.
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Last month MBUSA was offering $7500 discount on 36 month leases (which was presumably the pass through fleet tax credit which the IRS was allowing) along with suggested dealer contributions. This month, no $7500 discount but the offers still have the suggested dealer contribution. And the least term has dropped to 24 months.
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Replacing an 'old tech' battery with a 'new tech' battery is likely not the same as switching Duracell/Energizer AAA batteries in a flashlight. The car's battery array is linked to the car system and is managed by its software. So, if 'new tech' battery is installed, it will need re-coding, which might be expensive, tedious and time consuming.
Additionally, from the point of view of the car manufacturer, it is much more profitable for them to have a consumer buying a new car with 'new tech' battery than giving the old car a 'new tech' battery. They will go in a direction that makes more money, for sure.
New business might arise for this replacement business. This then brings up a closely related issue, ie recycling the old battery. So far, this recycling industry is very immature. Will this recycling business take off with huge profits? I suppose, in the next 5 or 7 years, we will find out as we will be able to see how 'green' or 'environmental friendly' this recycling will be.
I do not work in the automotive industry. Just my 2 cents.
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All I know is Nevada is becoming the next boom state as EV money by the billions will be and is pouring in. Battery and vehicle manufacturing plus lithium mining. What happens when everybody is tapped out? As all the stats are pointing to.
We are a long way from having the electric grid being about to support a new energy revolution. I think Musk is planning to build a solar based energy plant in Nevada. 1 mile by 1 mile square...big ideas. Very complicated financials given the debt cycle
position,individual,state,and country not to mention corporate debt....can China fund most of it?
We are a long way from having the electric grid being about to support a new energy revolution. I think Musk is planning to build a solar based energy plant in Nevada. 1 mile by 1 mile square...big ideas. Very complicated financials given the debt cycle
position,individual,state,and country not to mention corporate debt....can China fund most of it?
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BMW/Toyota have not given up on Hydrogen Fuel Cell Vehicles yet. As an Engineer, makes more sense for the future if its infrastructure evolves by 2035. Just my 2-pence...
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I read an article a few years ago about the BMW i3 having a third party option to retrofit a bigger battery. I've owned two of them, and they were both fantastic cars, but quite limited range. It was a natural fit to have someone figure out how to get more range. Complicated, sure, but all sorts of stuff has happened that seemed impossible only a decade ago. I wouldn't be surprised to see new battery options at some point in the future, if there is money to be made.
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Last month MBUSA was offering $7500 discount on 36 month leases (which was presumably the pass through fleet tax credit which the IRS was allowing) along with suggested dealer contributions. This month, no $7500 discount but the offers still have the suggested dealer contribution. And the least term has dropped to 24 months.
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