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.
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.
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.
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.
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.
BYD and CATL have announced that battery prices will be halved again by next year.
They’re really ramping up and it will continue.
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.
Electric vehicles are expected to be cheaper than ICE cars.
There has been a lot more money and time spend in developing 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.
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.
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.