PLS 1.95% $3.02 pilbara minerals limited

"The batteries are only warranted for 8 years and the...

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    "The batteries are only warranted for 8 years and the replacement cost is $13,000-$15,000, possibly more."

    Is that estimate in 2023 dollars or in 2031 dollars?

    And do you think there will be no significant drop in battery prices in the next 8 years?

    Here's some US DOE data up to 2021: The Declining Price of EV Battery Packs

    There was a significant change in slope at 2013, but there still was a good price drop in the 8 years between 2013-2021.

    I expect in the next 8 years that the EV battery market will experience more intense competition than in the last 8 years, with greater pressure on price/performance ratios and on technology improvements. By 2031 the improvements could be so great that it's not worthwhile to replace a worn-out 2023 battery pack, just like it's not worthwhile fixing old Solar PV systems. Or "old" EV battery replacements may become a popular industry for 3rd party companies who can do it cheaper than the majors, or because the majors will not be interested in doing it because it's not profitable enough.
    Last edited by dosdan: 27/12/23
 
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