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.
UsernameblankfaceAlso, as we realize that we don’t need 400+ miles of range in a commuter car, cheaper battery chemistries make a lot of sense, despite their shorter range per kg or lb
dan1101If I buy an EV I would like it to do 400 miles, but I don’t need 0-60 in 3 seconds.
Low 0-60 times are inherent to EVs. There’s no transmission and the motor has a wide efficiency area. It’s basically hard to make a non dual motor EV accelerate slowly. Single motor ones aren’t quick, but you won’t get AWD if that’s a thing you desire.
OderusIt’s easy to make a less powerful motor. As someone else said, the current market is for people who are looking for better performance and aren’t concerned with price. I put a deposit on a Polestar 3 that does 0-60 in 4.7s which is slow compared to its competition like the Model X and BMW iX but I don’t care about 0-60. It’s a meaningless metric to judge a car by. My Challenger SRT 392 does the 0-60 in 4.2s but I bought that car for how nice it looks, not its 0-60.