Interesting thread. I have little doubt that tariffs on Chinese made and imported EVs are about to be significantly ramped up for EU and US.
China is just too fast and generally good. EU and US just too slow.
Drivers to EV price fall: Battery prices have halved since this time last year: from ~140/kWh to $80/kWh (all chemistry average). Some LFP batteries (used in lower cost EVs have been driven lower than $60/kWh.
@benchmarkmin
Falling prices of key raw materials, especially lithium, has been the primary driver. State support for major EV makers both in downstream EV build out, gigafactories and the entire battery supply chain ecosystems.
Supporting this long term, esp in tougher market conditions, also a major factor. It’s not a level playing field. This will become a major geopolitical factor especially in election years.
https://x.com/sdmoores/status/1774747444040946064?s=20
Interesting thread. I have little doubt that tariffs on Chinese...
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