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Topic: Electric Vehicle News Items

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Cincydawg

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Re: Electric Vehicle News Items
« Reply #1946 on: June 29, 2024, 01:12:55 PM »
2024 Chevrolet Equinox EV First Drive Review: A Better Bolt (motortrend.com)

Seems like a decent enough EV, still pricey even with the $7500 tax credit, and still the problem with recharging away from home.


Cincydawg

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Re: Electric Vehicle News Items
« Reply #1947 on: July 02, 2024, 11:32:07 AM »
What Are the Downsides in the Rush to EVs and EV Adoption? (motortrend.com)

2022 study found that roughly one out of every four chargers in California was broken. 


FearlessF

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Re: Electric Vehicle News Items
« Reply #1948 on: July 02, 2024, 12:42:06 PM »
stolen copper cables ;)
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Cincydawg

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Re: Electric Vehicle News Items
« Reply #1949 on: July 04, 2024, 10:45:34 AM »
You Can Lease A New Car For $19 Per Month, But It's A Nissan Leaf (jalopnik.com)
You Can Lease A New Car For $19 Per Month, But It's A Nissan Leaf (jalopnik.com)

This looks like an excellent deal for the right person.

FearlessF

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Re: Electric Vehicle News Items
« Reply #1950 on: July 06, 2024, 08:34:25 AM »
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Electric Vehicle News Items
« Reply #1951 on: July 06, 2024, 08:36:04 AM »
That's good news.
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Cincydawg

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Re: Electric Vehicle News Items
« Reply #1952 on: July 06, 2024, 08:45:29 AM »
Car engines are already pretty "high tech".  I can't think of anything that would meaningfully improve them.

They may be talking about going the PHEV route.  I doubt they are talking about using hydrogen (other than in some test kind of car).  

betarhoalphadelta

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Re: Electric Vehicle News Items
« Reply #1953 on: July 06, 2024, 10:21:39 AM »
Goldman is predicting a highly significant battery pack price reduction over the next 1-2 years and then continued smaller reductions through 2030:

https://www.goldmansachs.com/intelligence/pages/even-as-ev-sales-slow-lower-battery-prices-expect.html



This to me indicates two things:


  • With a close to 40% reduction over about a 2-year span, we'll see BEVs more closely approach price parity with ICEV by the 2025-2026 time frame, and possibly even start to be lower priced than an equivalent ICEV as we approach 2030. 
  • This will absolutely kneecap resale value for BEVs in the next 3-5 years, as the rapid early decline in battery prices, will lead to cost-cutting for new vehicles. This will force sellers to discount used BEVs significantly more than what would be expected for ICEV depreciation, to be able to move them relative to rapidly-decreasing new BEV prices. 


Could be an interesting couple of years. 

847badgerfan

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Re: Electric Vehicle News Items
« Reply #1954 on: July 06, 2024, 10:31:50 AM »
Get rid of the government subsidies and I'm good with that.

People like me don't want to give money to people that want EV's.
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Cincydawg

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Re: Electric Vehicle News Items
« Reply #1955 on: July 06, 2024, 10:35:06 AM »
So, we're at about $110 now and that could approach about $75 by 2030?  A typical battery pack needs about 80 kWhrs, so about $10,000 today, and perhaps $6,000 in four years, right?  That isn't a huge decrease, but it's certainly a piece of it.

Would that get to price parity?  With the $7500 from US, probably so.  

I see all these cost comparisons on line and I've never seen one yet address the cost of recharging AWAY FROM HOME for apt dwellers.

betarhoalphadelta

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Re: Electric Vehicle News Items
« Reply #1956 on: July 06, 2024, 10:46:54 AM »
So, we're at about $110 now and that could approach about $75 by 2030?  A typical battery pack needs about 80 kWhrs, so about $10,000 today, and perhaps $6,000 in four years, right?  That isn't a huge decrease, but it's certainly a piece of it.

Would that get to price parity?  With the $7500 from US, probably so. 

I see all these cost comparisons on line and I've never seen one yet address the cost of recharging AWAY FROM HOME for apt dwellers.
Bear in mind we were closer to 150 from 2020-2023. They're talking about 2024 maybe in the 115 range in that chart but I think it's still closer to 133 right now. They show 69 for 2030, which would basically be half of 2023 battery pack cost. I think it's more like taking $6K+ out of what we think of for 'cost of an EV', not $4K. I think that's close to parity.

Which for anyone living in a single family home (~70% of Americans) means a likely lower total cost of ownership.

Still not a slam dunk for apartment dwellers, of course.

Cincydawg

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Re: Electric Vehicle News Items
« Reply #1957 on: July 06, 2024, 10:55:27 AM »
I can see that.  A good reason not to buy one today.  Maybe by 2030 they will be roughly the same price.  

So, would I buy one then?  Probably not.  Let's say I want a vehicle like a Honda CRV, or our Hyundai Tucson (which stickered over $40 K, it's loaded).  If an EV version equivalent to a CRV cost say $30 K and the same as a similarly equipped gas CRV, would I buy one?  I'd have to do the math on that, and of course assess how infrastructure chances and see if that $7500 is still around.

Let's say the EV uses 28 kWhr per hundred miles (that's being generous for a not very aerodynamic boxy vehicle).  Maybe charging away from home costs are lower, say 30 cents per kWhr.  I'm at $8.40 per hundred miles.  A CRV like PHEV wouuld probably cost more per hundred miles because the gas engine would kick in, but then gas prices are a factor.  Our hybrid would need about 3 gallons per hundred miles, around here at $3 per, that's $9.00.

Then I'd think about insurance costs, repair costs, depreciation, etc.  It's not a slam dunk for me.

FearlessF

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Re: Electric Vehicle News Items
« Reply #1958 on: July 06, 2024, 10:58:07 AM »
I'll just wait and see
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Cincydawg

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