boemElectric cars will be cheaper to make than gas vehicles but with much higher repair and insurance costs
RookiThey will never be cheaper. Just the costs of the battery, or they do shady bussiness tricks, like hooking you in cheap initial costs but horeandus repair/replacement bills.
An electric motor is SIGNIFICANTLY more simple to produce than an entire internal combustion engine. There are far fewer moving parts on an electric car than a gasoline one.
The battery is a significant cost, but not all cars need to have 300 miles of range. It is also possible that once the market is saturated (i.e. - several decades), that recycled battery packs will be cheaper to produce than batteries built from raw materials.
The major reason why electric cars are so expensive right now is because there are far fewer of them, and the ones that are being made have a target market of an upper-middle class household. They’re luxury/status symbols as much as anything else. Secondarily, there isn’t a large used electric car market yet.
There is a large potential for cost reductions. Assuming technology continues to improve, electric cars will drop below the price of gas and diesel for everyday driving. Internal combustion engines will most likely be reduced to specialty vehicles.
But the battery pack is far and away more expensive than the engine. Shit far and away more expensive than the engine AND transmission. Shit like half an EVs price is the battery.
UsernameblankfaceYeah, it’s about the price of a full engine and transmission replacement for an internal combustion car.