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Battery powered vehicles may cost more than their petrol and diesel counterparts, but that may not be the case by 2030 as suggested by MIT Technology Review.

Tesla may be at the forefront of everyone’s mind when it comes to large gigafactories, but other companies are catching up and Daimler has started constructing a 500 million-euro factory of their own earlier this week. Located near Berlin, the factory will produce lithium-ion battery packs for future electrified vehicles released under the automotive corporation. More gigafactories are expected to be constructed across Europe in the years to come and China is in the process of building no less than nine large battery factories.

According to Bloomberg, international battery production could more than double between now and 2021.
By 2030, we could see electric vehicle prices drop low enough to undercut cars using internal combustion engines. Even compared to 2012 battery prices have seen a significant drop on a per-kilowatt-hour basis, from $542 in 2012 to around $139 this year.

“As battery costs fall and their energy density increases, we could see cheaper battery-electric cars than their fuel-burning equivalents by 2030,” said Nikolas Soulopoulos, an analyst with the London-based research arm of Bloomberg LP.

Production cost of lithium-ion battery packs are expected to drop around 43%, making electric cars more affordable and mainstream.
 

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That's a long way out and thankfully its not happening any faster because it would tax the charging infrastructure a lot. Now we can have some time to enjoy charging stations as they are before a larger percentage of drivers own EV's. From now till then we should see good growth in that infrastructure.
 

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Would be nice for the incentives to stick around until 2030, but that's highly unlikely. 13 years isn't too bad, but they need to take into account the cost of battery materials when there's a higher demand for them and I assume that would bring up EV prices.
 

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Somebody made a typo, or didn't know how to read a chart.
The doubling happens at 2020, NOT 2030!

Makes a HUGE difference in how rapidly EVs are advancing.
 

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Somebody made a typo, or didn't know how to read a chart.
The doubling happens at 2020, NOT 2030!

Makes a HUGE difference in how rapidly EVs are advancing.
Good catch about 2020, but here is another one of an entirely different nature, and it's coming soon: gasoline sales are taxed (especially heavily in Europe), while household electricity is not, at least not to that extent ... when EV's are say 50% of the overall fleet, what would the governments do to avoid budget holes?
 

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... when EV's are say 50% of the overall fleet, what would the governments do to avoid budget holes?
Of course governments will come up with a way to deal with this. Some US states are already charging a special registration fee for EVs to make up for the lack of gas tax revenue coming from them.
 

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Somebody made a typo, or didn't know how to read a chart. The doubling happens at 2020, NOT 2030!
You're mixing apples and oranges. The chart shows that battery production will double by 2020, the claim for 2030 was that EV prices might fall below ICE prices. A doubling of production does not imply a halving of prices, and even if it did the battery is not the only cost involved in building an electric vehicle.
 

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EV prices are not related to ICE prices because anyone can buy several ICEVs over $100,000 each yet no one is complaining. But if anyone can buy such a ICEV then they can also buy an EV at the same price. We don't need "cheaper" EVs, we need more EVs.

And if you will not buy a Bolt EV because it is "expensive" maybe you don't deserve it.

Hybrids have proved the EV efficiency and lower TCO for years. The BEVs will be even better, no matter how much higher it may cost. A lower manufacturing cost is obvious as manufacturers improve fabrication techniques, and materials cost drop. The same happened over 120 years ago with the first gas engine automobiles. It will happen as other technologies have (personal computers, flat screen TVs, and smartphones).
 

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EV prices are not related to ICE prices because anyone can buy several ICEVs over $100,000 each yet no one is complaining.
People buy $100,000 cars because they feel they're getting something for those cars that they don't get with a $20,000 car. That's exactly why we have EV buyers even though those cars are more expensive.

But most people are more careful with their money and they look for value. EV's won't attract that majority of buyers until their prices get a lot closer to those of ICE vehicles.
 
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