Recession/slowdown should drop the price of electric batteries imo by up to 50% by 2025.
https://www.visualcapitalist.com/visualized-how-much-do-ev-batteries-cost/
Depending on the brand and model of the vehicle, the cost of a new lithium-ion battery pack might be as high as $25,000
Nov 16 (Reuters) - Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies.4 days ago.
https://www.reuters.com/markets/global-economy-slow-down-likely-avoid-recession-2024-2023-11-16/
Ann: Share Purchase Plan to close, page-31
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