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EV battery costs to drop 50% in 2024?

roedds

Well-Known Member
Gold Member
Feb 1, 2006
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CATL is saying this, and they own 30% of the worldwide market for car batteries. And since the battery is by far the biggest factor in the overall cost of EV's (around 35%), we will likely see massive price wars in the coming months/years. Once EV's become cheaper to purchase--they are already much cheaper to own--it really will be the beginning of the end for ICE manufacturers.

 
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