[Murf the Surf]

$50K dollars for a battery replacement in a car worth $25-30K.

[dgoldenz]

Originally Posted by Murf the Surf

$50K dollars for a battery replacement in a car worth $25-30K.

That’s probably Canadian dollars but it’s still ridiculous

[Murf the Surf]

Originally Posted by dgoldenz

That’s probably Canadian dollars but it’s still ridiculous

Yup, $36,508 USD.

[M5Rick]

Originally Posted by Murf the Surf

Yup, $36,508 USD.

Could buy a great gas car for that money and not worry about batteries or 'Hyundai things'.

[M5Rick]

With the $120k 'self propelled' on two wheels? trailer caravan and the CAN $50k Hyundai battery I'd be ready to call in the men with white coats to give some therapy to those interested, failing that then there's no other option apart from the funny farm.

[Car-Addicted]

Electric car battery prices are going back down faster than expected
Goldman Sachs Research now expects battery prices to fall to $99 per kilowatt hour (kWh) of storage capacity by 2025 — a 40% decrease from 2022 (the previous forecast was for a 33% decline). Our analysts estimate that almost half of the decline will come from declining prices of EV raw materials such as lithium, nickel, and cobalt. Battery pack prices are now expected to fall by an average of 11% per year from 2023 to 2030, writes Nikhil Bhandari, co-head of Goldman Sachs Research’s Asia-Pacific Natural Resources and Clean Energy Research, in the team’s report.


Good news for future EV uses bad news for early adoptors. Just in time to be replaced bu Solid State batteries.

[chad86tsi]

Originally Posted by Car-Addicted

Electric car battery prices are going back down faster than expected
Goldman Sachs Research now expects battery prices to fall to $99 per kilowatt hour (kWh) of storage capacity by 2025 — a 40% decrease from 2022 (the previous forecast was for a 33% decline). Our analysts estimate that almost half of the decline will come from declining prices of EV raw materials such as lithium, nickel, and cobalt. Battery pack prices are now expected to fall by an average of 11% per year from 2023 to 2030, writes Nikhil Bhandari, co-head of Goldman Sachs Research’s Asia-Pacific Natural Resources and Clean Energy Research, in the team’s report.


Good news for future EV uses bad news for early adoptors. Just in time to be replaced bu Solid State batteries.

These "future" EV battery price graphs have been generated since Tesla hit the market, and they have historically been pretty inaccurate beyond 1-2 years. Following some graphs published 6-8 years ago we should be under $100/KWH already. It's like Elon's price and FSD promises, they are "almost here", perpetually = meaning they are false promises.

It will happen some day, I just don't hold my breath thinking that this one will hold true either. I do hope it does FWIW.

I also find it odd that that chart shows a huge proportional reduction in operational expanses and profit. Why don't they just do that now? Ford is very interested in seeing how that could possibly be done.

[x622]

https://www.texaspolicy.com/wp-conte...nnettIsaac.pdf

Cue people not bothering to read this. Didn't realize the credits added up to that much

[chad86tsi]

Originally Posted by x622

https://www.texaspolicy.com/wp-conte...nnettIsaac.pdf

Cue people not bothering to read this. Didn't realize the credits added up to that much

Big feelings > Facts

we don't need your facts...

[gblansten]

Originally Posted by x622

https://www.texaspolicy.com/wp-conte...nnettIsaac.pdf

Cue people not bothering to read this. Didn't realize the credits added up to that much

I pay an ungodly amount of taxes. Looks like getting a Tesla S Plaid was a smart move for me to recapture some of the coerced abuse I am subjected to every year. If the government is going to waste our money on 1020 hp/1050 ft-lbs tq personal amusement park rides then I feel like I have to get one to even things up.

[Murf the Surf]

Originally Posted by x622

https://www.texaspolicy.com/wp-conte...nnettIsaac.pdf

Cue people not bothering to read this. Didn't realize the credits added up to that much

It's difficult not to be a bit surprised by the numbers in this report. I'm no economist but this doesn't look like a successful business model.

[Murf the Surf]

"Ford CEO Jim Farley slashes plans for new battery cell plant in latest sign the EV sales bonanza may be over....."

Where's LMAOOOOOO? He's been pretty quiet of late.

https://fortune.com/2023/11/22/ford-...uring-factory/

[Car-Addicted]

Originally Posted by chad86tsi

I also find it odd that that chart shows a huge proportional reduction in operational expanses and profit.

Maybe economy of scale or maybe it's our old friend "Supply and Demand" recovering from all the government largess?

[Car-Addicted]

Originally Posted by gblansten

Looks like getting a Tesla S Plaid was a smart move for me to recapture some of the coerced abuse I am subjected to every year.

I could feel happy for you if not for the pain in my wallet from paying all the taxes to support your EV fetish. Oh and the road taxes I pay with my fuel purchases for my ICE vehicles.

I'm expecting a Christmas card from you this year.

[gblansten]

Originally Posted by Car-Addicted

I could feel happy for you if not for the pain in my wallet from paying all the taxes to support your EV fetish. Oh and the road taxes I pay with my fuel purchases for my ICE vehicles.

I'm expecting a Christmas card from you this year.

Definitely have you on my card list this year.

[M5Rick]

Fire risk is leading to some places banning EV's.

[Car-Addicted]

Originally Posted by x622

[url]Cue people not bothering to read this. Didn't realize the credits added up to that much

I did but thanks for reminding me. Interesting read got me to look up what the current CAFE standards are.

Here is the NHTSA Cafe standards to 2026. Life is too short to read this but to summarize:
They chose alternative 2.5 (because they say we can afford it)
Alt 2.5 will add at least $1000.00 minimum to the price of a new car per year.
Here is the CAFE standards for passenger cars
2024 55.44MPG
2025 60.26MPG
2026 66.95MPG
Here is the CAFE standards for Light Trucks
2024 44.48MPG
2025 48.35MPG
2026 53.73MPG
This can be found here Tables IV-14 IV-15
https://www.govinfo.gov/content/pkg/...2022-07200.pdf

This will force automotive companies to continue to build EV's to meet their CAFE standards. I feel the need to slap a politician of the green grift variety
Yes we will be forced to buy hybrids or EV's so that the connected elites can jet off to some exotic local on their private Jets to lecture us on how we have to save the planet by drive cars we hate.

[Efthreeoh]

Originally Posted by x622

https://www.texaspolicy.com/wp-conte...nnettIsaac.pdf

Cue people not bothering to read this. Didn't realize the credits added up to that much

In before the, "Yeah, but you know, BIG Oil is subsidized by the Govenment and the US Military"...

[chad86tsi]

Originally Posted by Car-Addicted

Maybe economy of scale or maybe it's our old friend "Supply and Demand" recovering from all the government largess?

Firm believer in supply/demand cycles, and non-subsidized products. That Ford is pulling out and Toyota won't jump in is evidence that supply and demand just aren't aligned with economic reality (and government agendas).

[M5Rick]

Originally Posted by chad86tsi

Firm believer in supply/demand cycles, and non-subsidized products. That Ford is pulling out and Toyota won't jump in is evidence that supply and demand just aren't aligned with economic reality (and government agendas).

Those few words have spelled it all out and is something that our lot over the pond are miles from understanding. 2.64 trillion £ in debt over here and it's not being reduced.

[Murf the Surf]

Originally Posted by M5Rick

Those few words have spelled it all out and is something that our lot over the pond are miles from understanding. 2.64 trillion £ in debt over here and it's not being reduced.

We're $1.2T in debt, $45B deficit and the debt interest payments on our current debt is $50B annually, projected to go to $60B in 2-3 years and our Finance Minister and PM are practically bragging because it's the lowest in the G7. The PM actually stated he's always been fiscally prudent. He came to power and inherited a balanced budget and has spent more than every other PM in Canadian history combined. This isn't going to end well.

[AmuroRay]

Originally Posted by Murf the Surf

We're $1.2T in debt, $45B deficit and the debt interest payments on our current debt is $50B annually, projected to go to $60B in 2-3 years and our Finance Minister and PM are practically bragging because it's the lowest in the G7. The PM actually stated he's always been fiscally prudent. He came to power and inherited a balanced budget and has spent more than every other PM in Canadian history combined. This isn't going to end well.

Fiat currency based literally on nothing. Imaginary numbers that hold you and everyone else in the world under the control of central banking system controlled by .............

It's all made up, and they are "spending" money that doesn't exist and telling us that we are responsible for it.