Plummeting battery prices in China may normalise EVs globally - electrive.com
Battery prices in China are falling rapidly with no end in sight. Analysts view the trend as a catalyst in the mass-level decarbonisation of road transport worldwide.
cross-posted from: https://lemmy.ml/post/17899967
In China, LFP battery packs now cost $75/kWh, and at that level, companies can sell EVs at the same price as or even lower than combustion engine models.
This price trend is really interesting.
How does this normalize it globally and not just give China an advantage where you’ll see more EVs there? They’re already trying to push cheaper EVs globally and all the other countries are freaking out about anti-competitive practices. Unless that cost can be bought by anyone building an EV, it doesn’t really help.
I found an interesting graphic that shows regional price trends compared to china. A few years ago, battery prices in Europe were 80% higher than in china. By 2023, this difference decreased to 20%.
Here is the image (source)
China definitely had an advantage a few years ago, but the gap is shrinking.
The cells can be bought by anyone but that number doesn't take shipping into account. Alibaba or www.gobelpower.com I have bought 16 cells and getting ready to buy 32 more. Its more that other car manufactures are not using them in there vehicles and they are making luxury vehicals instead what people really need. I really wish other country's had production of cells for sale. I can't find a single one thats not China produced that will sell to the public.
It won't here in the US. It never does
Based on how things have gone with those cheap Chinese batteries in those e-scooters and hover boards, I cannot possibly forsee any problems whatsoever...
Chinese EVs use LFP batteries in most cases (about 65% market share). LFP batteries are known to be safer than other lithium-based batteries (source).
Just ignore the African children mining the minerals
Most batteries in cars don't use cobalt, manganese and nickel.
This was different a few years ago, but the trend is towards battery cells that don't use these metals.
