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Auto execs are coming clean: EVs aren't working
(www.businessinsider.com)
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this post was submitted on 08 Nov 2023
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It’s the batteries. They are the biggest cost in an EV. The margins on such a car would be too low. Even the new Volvo XC30 is 35k plus which is one of the cheapest and most barebones EV.
But Volvos have never been cheap. Also big and heavy forever.
Make an eFit for $15 - 20k and sell a bazillion of them.
Good luck finding enough batteries for that many cars. That’s the entire problem right now. They can’t scale the production to the point that will make the production of econobox EVs reasonably profitable. Because the worldwide production capacity of lithium batteries is lagging behind the demand right now. Also why the cost of the batteries are high.
Well the answer is right there - smaller cars, smaller packs. Can power 2 or 3 fit sized EV's for every lightning F150 pack.