EV's

Scary Charts – 11.24.23

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Source: https://www.statista.com/chart/31306/countries-with-the-highest-annual-increases-in-consumer-prices/

I suppose this should make us feel better about higher prices in the US.

More good news – lithium is cheap again.

Lithium “Shortage” Bubble Implodes (Again), Price Collapsed 77% in a Year, as Demand and Production Both Surged – https://wolfstreet.com/2023/11/23/lithium-shortage-bubble-implodes-once-again-as-demand-and-production-both-surged/

Now all we need to do is find people who want and can afford to buy an EV.

Last month, Ford had laid off some workers building the F-150 Lightning electric pickup truck. Competitor General Motors also said it was postponing adding more production capacity for its electric Chevrolet Silverado EV citing slow-growing demand.

Ford battery plant is back on track but scaled down — https://www.cnn.com/2023/11/21/business/ford-battery-plant-downscaled/index.html

Average new electric vehicle prices are actually down by more than $14,000 compared with 2022, settling at around $50,683 on average, thanks to a combination of increased supply, the arrival of more affordable models and trim levels and aggressive price cuts by Tesla, the largest EV manufacturer in the US.

Cheapest Electric Cars for 2023 — https://www.cnet.com/roadshow/news/the-most-affordable-electric-cars-for-2023/

Going Green is Not Cheap – Updated 07.04.22

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Polestar sells two models: The $155,000 Polestar 1 hybrid and the $48,400 Polestar 2, a fully electric sedan. And it has grand plans to launch three more vehicles and boost annual sales tenfold by 2025. The company plans to list on the Nasdaq on Friday under the ticker PSNY. 

Electric-car startup Polestar bets you’d rather buy a car from your couch than go to a dealership — https://www.businessinsider.com/polestar-electric-ggpi-stock-tesla-ev-car-buying-2022-6

I hope your battery lasts a long time too.

You pay at least 30-40 percent more up front, for the electric car, itself. And then you pay a sum equivalent to 20-30 percent of its original sales price when it was new, when its battery pack gets old, for a new one. The total increase in cost is at least 50 percent more than the cost of owning a non-electronic car over the same 10-12 year period. And that doesn’t factor in the savings that can be had by continuing to own (and drive) the non-electric car for another 5 or even ten years longer, which is realistically feasible for non-electric cars because they last much longer than electric cars.

The High Cost of Electronic Cars — https://www.ericpetersautos.com/2022/06/20/the-high-cost-of-electronic-cars/

But if your battery does need replacing and you can’t afford it…

Not cheap and not getting any cheaper.

Update 06.23.22

Interest in electric cars has increased as a result of high gas prices, but the rising cost of electric options is putting the vehicles more out of reach for many ordinary consumers….The average cost of raw materials — including the cobalt, nickel, and lithium needed to make EV batteries — is now around $8,255 per vehicle, the research said.

Electric vehicles are getting more expensive because raw material costs have more than doubled to $8,000 — https://www.businessinsider.com/cost-of-making-electric-cars-is-growing-manufacturers-hike-prices-2022-6

Update 07.04.22

If EVs don’t get cheaper, “the market will collapse,” Deboeuf said at the company’s Tremery factory in France. “It’s a big challenge.”

Stellantis: Car market could collapse if EVs don’t get cheaper — https://europe.autonews.com/automakers/stellantis-car-market-could-collapse-if-evs-dont-get-cheaper

The energy and raw material inputs are staggering – and for that reason, so is the cost. How will the cost go down when the materials themselves are expensive, especially in quantity? How will the cost of energy go down, when there is more demand for it – and less generating capacity?

The Canary Just Chirped — https://www.ericpetersautos.com/2022/07/02/the-canary-just-chirped/

Going Green is Not Cheap – Updated 06.23.22

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Polestar sells two models: The $155,000 Polestar 1 hybrid and the $48,400 Polestar 2, a fully electric sedan. And it has grand plans to launch three more vehicles and boost annual sales tenfold by 2025. The company plans to list on the Nasdaq on Friday under the ticker PSNY. 

Electric-car startup Polestar bets you’d rather buy a car from your couch than go to a dealership — https://www.businessinsider.com/polestar-electric-ggpi-stock-tesla-ev-car-buying-2022-6

I hope your battery lasts a long time too.

You pay at least 30-40 percent more up front, for the electric car, itself. And then you pay a sum equivalent to 20-30 percent of its original sales price when it was new, when its battery pack gets old, for a new one. The total increase in cost is at least 50 percent more than the cost of owning a non-electronic car over the same 10-12 year period. And that doesn’t factor in the savings that can be had by continuing to own (and drive) the non-electric car for another 5 or even ten years longer, which is realistically feasible for non-electric cars because they last much longer than electric cars.

The High Cost of Electronic Cars — https://www.ericpetersautos.com/2022/06/20/the-high-cost-of-electronic-cars/

But if your battery does need replacing and you can’t afford it…

Not cheap and not getting any cheaper.

Update 06.23.22

Interest in electric cars has increased as a result of high gas prices, but the rising cost of electric options is putting the vehicles more out of reach for many ordinary consumers….The average cost of raw materials — including the cobalt, nickel, and lithium needed to make EV batteries — is now around $8,255 per vehicle, the research said.

Electric vehicles are getting more expensive because raw material costs have more than doubled to $8,000 — https://www.businessinsider.com/cost-of-making-electric-cars-is-growing-manufacturers-hike-prices-2022-6