I am working as an accountant at one of the largest lithium producers of the world. Last year the prices were really high everything was great. This year the prices are so low that the company has implemented a cost cut plant this year until next summer. The lithium that is cheap now will be put into new cars battery probably in the 2025 models, so those models will be cheap compared to previous years.
This literally shows a forecast and current prices are essentially ATH so how exactly is this news. I could say battery prices will drop 50% next year but it means nothing
This literally shows a forecast
Compared against prior years
current prices are essentially ATH
Not remotely
Does that mean the price of electric vehicles will be cheaper next year?
It really depends, most of the legacy auto manufacturers were seeing $$$ when it came down to ev’s.
Shoot the Hummer EV was supposed to launch the Ultium platform but it’s typically fallen on uninterested mehs
Manufacturers instead of listening to consumer complaints and fatigues about high car prices they’ve doubled down and said they’ll reduce EV output to match consumer demand…
People literally yelling and asking for sub $30k simple ev vehicles but instead the same manufacturers are trying to push the narrative that people are willing to buy $35k starting compact suv evs…
Like if Toyota can come out with a sub $30k> starting small pick up they’d sell like hot cakes.
You saw how well the Maverick did with its $19.9k start price.
TL:DR absolutely not, ev prices may fluctuate a little from Tesla, but new car prices will stay the same or increase. Also used ev prices especially tesla will start plummeting because of too much supply
In all likelihood, no. New vehicle prices will not be lower.
Presumably if economies of scale production throughout the supply chain starts gaining momentum, costs should fall
The game changer will be when there is an affordable aftermarket for refurbished batteries for used cars, because as things stand, one has to be financially suicidal to buy any EV with more than 5 years at anything above pennies
Almost as much as used EV prices 🤔
So the cars will become cheaper
Right?
I’d like to see some options for fully electric cars that are cheaper due to having smaller batteries with lower range. I would be fine with a cheaper-ish electric car that got around 150-200km (90-125 miles) range that would satisfy 95% of my driving needs. I would be able to keep my current ICE car to use for the other 5% of my driving needs (or if you only have x1 car, you can rent a car that is capable for long trips).
2022 Tesla model S owners about to be pissed off again. They paid 115k, 2023 S-ers paid 75k, 2024 S-ers literally 55k lmao
And self driving still isn’t close to being out yet
Subsidies work. They spurred companies to dump RnD into the tech, and we’re seeing it pay off. Who knew?
And here I am still not wanting one.