Exactly! This is what I've been arguing to the disbelievers. Batteries, and even Li Ion batteries, are an old technology, but there are aspects of the application itself that will inevitably drive major changes:
1. Their large scale use in vehicles is new. What we have right now are cells that are optimized for computers and household devices, and co-opted for cars. Vehicles are a completely different application - both in the usage pattern and sheer volume. There is an enormous amount of auto industry industrial engineering & optimization to be done in the product design, manufacturing process and supply chain that will bring down the cost & improve energy density. I'm convinced that we haven't even seen the start of this process yet. Tesla has started the process - but 50,000 cars per year is peanuts. Once we get >500,000 per year, we will start to see some serious progress.
2. The sheer scale of the potential market for automotive batteries is unprecedented. We're still at the very early stages of this. Once the wave starts to really build, the amount of intellectual investment in the development of battery chemistry & construction will be enormous. With that amount of effort, we will absolutely see continuous incremental & probably some step improvements. It will not be a doubling in 24 months, but 5-10% per year seems very plausible.
Unless the Koch Bros succeed in killing the industry, within another decade we should have EV packs with 800 km range that sell for < $50 per kwh, and that charge at about double the current rate. And at that point, it's all over but the crying.
True.
I suspect demand for EVs will be there before the car industry can deliver in large volumes. Building the 200 Gigafactory equivalents needed to supply the entire passenger vehicle market is going to take a lot of time and capital to build. We're talking about investing around $1 Trillion USD. Nobody is going to spend that kind of money lightly.
In 10 years high end EVs like the Model S/X will likely have 500-1000 miles range on a charge which will eliminate the need to stop at superchargers, but will require hotels have high power chargers. Smaller EVs will still need some kind of charging on the road because their battery packs a little bigger than a 15 gallon gas tank now will only have 200-250 miles of range.