Economic 101 becoming more discussed re battery prices.
Price parity between petrol and electric cars years away – expert
Rising electric-car battery production costs have ensured petrol-powered vehicles remain significantly more affordable to buy than plug-in alternatives, according to one high ranking automotive industry executive.
in 2014 the automotive industry had expected the per kilowatt-hour cost of an electric-car battery to be approximately $US100 by 2019.
A report by news agency Reuters found the average per kilowatt-hour cost of a battery was close to $US115 in April 2022, and is expected to rise to about $US120 by 2023.
Research conducted by US financial consulting firm AlixPartners found the price of raw materials such as lithium, nickel, manganese and cobalt increased by more than 140 per cent between March 2020 and June 2022.
“From an environmental point of view, having vehicles with batteries of 150kWh to 200kWh is simply environmental nonsense.”
Renault has previously announced it is aiming for 100 per cent of its new-car sales in Europe to come from electric models by 2030 – five years before the European Union’s proposed ban on petrol and diesel cars.
While Renault is reportedly still aiming this target, Mr de Meo says
