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I don't need that you need data to convince people that it's better than it is. I would simply go into it knowing the reality.
Industry standard is 10-20 years. There's no convincing there. It's well documented. You're making up numbers and presenting them as facts without backing it up. So what data are you looking at that shows the entire auto industry is wrong?
NIMH batteries were supposed to last 10 years... but the vast majority of them are just fine at 15 years. Lithium batteries are more resilient.
The price of batteries will not go down, it will only go up. If more people want these that increases demand, and demand already is higher than supply and these represent what about 3% of vehicles?
Further producing them and refining them and all that stuff takes time and costs money I'm betting these skyrocket and value over the next couple of years.
The cost of batteries have been going down and will continue to go down as production increases. People said the same thing about NIMH batteries and they were dead wrong. By the time today's cars are 10-20 years old, the price batteries will have dropped significantly.
Starting to look that way. No, it won't be 100% and ICE motors won't be extinct. But the train has left the station and it ain't coming back; automakers are just about fully invested in EV's now.
"Global sales rose 43% in 2020, but even faster growth is anticipated when continuing falls in battery prices bring the price of electric cars dipping below that of equivalent petrol and diesel models, even without subsidies. The latest analyses forecast that to happen some time between 2023 and 2025."
When "peak oil" happens it won't be due to declining production, it'll be from declining demand.
This is the obvious future. We will be burning coal for our cars now.
The cost of batteries have been going down and will continue to go down as production increases.
As long as the demand stays low. This is a basic reality of economics is demand increases so will price.
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People said the same thing about NIMH batteries and they were dead wrong. By the time today's cars are 10-20 years old, the price batteries will have dropped significantly.
Yeah.
And when it goes out in 7 years and you trusted propaganda, you'll know reality too.
Then don't believe me, I don't mind
The entire auto industry exist to separate you from your money the easiest way possible. If you want to trust them, again I don't mind.
So this is just your personal feeling and there's no real data or information to back up your "hunch". Got it. That's all you had to say.
Good thing the batteries are warrantied for 8-10 years. Which if you knew anything about business, would never be viable if the batteries died at 7 years.
So this is just your personal feeling and there's no real data or information to back up your "hunch". Got it. That's all you had to say.
You can think whatever you want.
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Good thing the batteries are warrantied for 10 years. Which if you knew anything about business, would never be viable if the batteries died at 7 years.
Yeah warranty is sketchy and I don't trust them over been burned too many times.
As long as the demand stays low. This is a basic reality of economics is demand increases so will price.
Again only if the demand stays low.
I think you hit the nail on the head. It's about economics. When something's in demand (like batteries are now), the industry responds by increasing production at a cheaper cost. There's no doubt that batteries will be much cheaper in the future (3-6 years).
I think it's easy to overlook that the article is saying that the tipping point is approaching--not that it's here already (at least not for the US). That tipping point is essentially when EVs in nearly all market segments are price competitive or even cheaper than their closest ICE counterparts. Currently, that only exists in a few luxury market segments. However, the projection based on battery price reductions that have been ongoing for a decade as cited in the article, but actually several decades outside of automotive usage, seem very likely to continue and within the *next few years* will hit a price point where EVs become price competitive with ICE vehicles in nearly all segments.
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