This is not about EV’s as Tesla have recorded record sales. It’s about over priced poor quality EV’s, they need to reduce prices.
I would say overpriced is one of the major problems, European car manufacturer are facing with their reluctance to lower prices, with many wanting to maintain these higher prices (Renault being another) I won’t go in to whether they are junk or not however, VW’s breed of electric cars don’t instill posh cabins as their ICE vehicles did, rather a bland big box little box theme!
Lithium ion battery costs per kWh have reduced from $731 in 2013 to $151 in January 2023, which saw a steady decline to $172 in 2019, $150 in 2020, $141, with a slight increase for 2022/Jan23 $151.
In comparison BYD and CATL cobolt free LFP/LFMP batteries in 2021 were $80 per kWh battery ($60 per kWh cell) Hypothetically that working out around $6400 per *)kWh battery pack, around the same price as compariable ICE engine. In comparison CATL’s 2nd generation semi solid state battery is around $136 per kWh, something Europe can only dream of making.
Its been said for many years now, once prices fall below $101 electric vehicles would be comparitively priced to ICE vehicles. However there is shortage occuring of the key raw materials needed to make EV battery cells which was responsible of a rising trend first noted in 222.3 figures. Even so manufacturers could have followed Tesla’s lead in reducing the price of their EV’s by a largish margin.