Four years after the United States-Mexico-Canada trade agreement (USMCA), Mexico and the U.S. face the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining GM, Ford, and Tesla.
  • ma11en@lemmy.worldEnglish
    18·
    11 months ago

    BYD and CATL have announced that battery prices will be halved again by next year.

    They’re really ramping up and it will continue.

    • n2burns@lemmy.caEnglish
      7·
      11 months ago

      I don’t doubt that batteries will continue to get better and better, and cheaper and cheaper. However, there are almost no new vehicles PERIOD that are sold in the US for $15K. Maybe we’ll see EVs for $15K, but they certainly won’t have a 350mi range. By the time cheap EVs have that range, cheap cars won’t be sold for $15K due to inflation.

      • Wanderer@lemm.eeEnglish
        11·
        11 months ago

        Electric vehicles are expected to be cheaper than ICE cars.

        There has been a lot more money and time spend in developing ICE cars.

        • n2burns@lemmy.caEnglish
          4·
          11 months ago

          Electric vehicles are expected to be cheaper than ICE cars.

          I completely agree, especially if people can get away from the BS “I need 350mi of range.” Better charging will hopefully help with this.

          I just don’t see the price coming down fast enough for a 350mi range EV to be sold for $15,000 vs inflation. At 2% inflation, $15K in 10 years is $12,305.22 today, in $15K in 5 years is $13,585.96 today.

          • Daveyborn@lemmy.worldEnglish
            3·
            11 months ago

            Most people don’t need that type of range anyways. Farther than either of my ice cars go on a tank (unless im doing only highway driving) and I fill a car once a month.

            • n2burns@lemmy.caEnglish
              2·
              11 months ago

              100% agree! I’m wondering if I should have clarified in my original comment that $15K EVs might be possible without ridiculous subsidies, but they aren’t going to have a 350mi range.

              • Daveyborn@lemmy.worldEnglish
                1·
                11 months ago

                To be fair and honest I could possibly touch 350 if I wasn’t running E85 and being a very very good boy. But still a ridiculous goalpost.