• Riskable
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    English
    24 months ago

    The part of ICE vehicles that will become unaffordable is the gas, not the vehicle itself. In fact, I expect the price of gas to result in even cheaper ICE vehicles because they’ll have to make up for the price of gas somehow.

    Not sure it’ll keep pace with the price reductions going on in the land of EVs and batteries though. The only reason why EVs are so expensive is because of the supply/demand curve (and the fact that manufacturers seem to be focusing on cars with loads of luxury features). Sooner or later the supply will catch up and their price will plummet.

    • thejevans
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      fedilink
      14 months ago

      That is certainly not the only reason why EVs are still so expensive. Raw materials for batteries are a large portion of their cost. Currently, the cost of many of these raw materials does not account for a living wage for miners or the impacts mining can have on miners and the surrounding environment, and still the raw materials cost is a large portion of the cost of the batteries. Sure, there could be some magic new battery chemistry that circumvents this issue, but it’s unreasonable to expect that. The previous data showing drops in car battery prices could keep going down, sure, but it’s more complicated than simply economics of scale.