It’ll be interesting to see if China can push battery prices down even further with such a stimulus (especially since their actual EV subsidy expires at the end of the year).
https://pushevs.com/2024/08/06/price-of-ev-battery-cells-continues-to-fall-in-china/
https://evmarketsreports.com/china-exceeds-1-million-ev-sales-in-august-2024-setting-a-new-record/
Compared to the global numbers, there are not many options left for players like South Korea and the US…
https://insideevs.com/news/737116/battery-prices-ev-study-2026/amp/
…other than to finally scale up- Big Time
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