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According to The Guardian, EVs will be cheaper than ICE cars by 2022. See the article here --> Electric cars 'will be cheaper than conventional vehicles by 2022' | Environment | The Guardian
I have three thoughts on this: (...)
3. The perception of what EV is will change. It will no longer be a toy for greenies and wealthy people. It will be that cheapo thingie that you buy because you can't afford anything else.
Hm? EV's will become "that cheapo thingie that you buy because you can't afford anything else" ??? Is the 'anything else' an ICE-car? Why would I want that? Is it because having an ICE-car is so much more rewarding than having a Tesla? Not in my experience.
2. Because EVs are vastly simpler than ICEVs, I suspect that, within a few years, we're going to be inundated with with very inexpensive low quality EVs from China - to the point where I think it has the
potential to pretty much destroy the NA auto industry. Remember... the Chinese are being held at bay mostly because they don't yet have the depth of knowledge and experience required to design and build really great quality ICEVs. Take the IC out of ICEV and all of that wonderful engineering expertise in Detroit, Germany, Japan, Korea becomes largely irrelevant. Now it becomes "how can we enormously mass produce really cheap EV batteries with known techniques, and slap them into simple but relatively attractive shells.
3. The perception of what EV is will change. It will no longer be a toy for greenies and wealthy people. It will be that cheapo thingie that you buy because you can't afford anything else.
The future seems obvious to us (the ev informed) but the vast majority of car buyers are oblivious the the progress being made in the EV space. Even family and friends who know I've been driving an electric car for years, don't fully get it. Also, most of those buying new 2016 ICEs do not have any alternative at this particular moment due to cost or range concerns. This is about to change with the Bolt & the Model III. Wide spread adoption will follow, once a few good and affordable EVs appear on the street.The sad part is that some are still buying brand new 2016 ICEs hoping for long term return... Well, sure, they can, but it's sounds so strange to all that are aware of the future.
The future seems obvious to us (the ev informed) but the vast majority of car buyers are oblivious the the progress being made in the EV space. Even family and friends who know I've been driving an electric car for years, don't fully get it. Also, most of those buying new 2016 ICEs do not have any alternative at this particular moment due to cost or range concerns. This is about to change with the Bolt & the Model III. Wide spread adoption will follow, once a few good and affordable EVs appear on the street.
I disagree with point #3. EVs will be the new standard and companies will compete intensely in that space to differentiate themselves. Just like they have done in the ICE space in the past. The education of EV-naive consumers will continue to be viral such that ICE will be the inferior and archaic mode of transportation. Think tape deck vs MP3 player, etc.
One question: how much mineable lithium does Earth have? I know we can recycle it, but is there any chance that future battery pricing can be affected by supply, certainly if/when it is the standard?
Irrespective of the cost of gas, to me it's the drivetrain costs that will the catalyst that will cause the eventual shift.
The future seems obvious to us (the ev informed) but the vast majority of car buyers are oblivious the the progress being made in the EV space.
As other have noted, I believe that as long as we keep the pressure on industry to build cleaner and more efficient cars, battery-electric power will emerge as the key to creating the lowest cost vehicles. The complexity of ICE vehicles is increasing dramatically, and cost-affordable technical options for meeting future requirements are diminishing. While a "Moores Law-Like" trend does not likely apply to energy storage density, such a law will almost surely apply to battery cost, meaning something like a 250 mile car will soon be quite inexpensive. The Gigafactory concept and commitment is a turning point for all BEVs.
I have included a few views of modern vehicles that help understand the complexity.