Gartner, a Connecticut-based technology research and consulting firm, recently released a report outlining predictions regarding a new phase for the electric vehicles market. The report highlights advancements in technology and manufacturing efficiencies. Among the insights is a predicted reduction in production costs, eventually bringing EV production costs below those of equivalent ICE-based products. The firm also predicts a consolidation in the EV market.
New OEM incumbents want to heavily redefine the status quo in automotive,” said Vice President of Research at Gartner, Pedro Pacheco. “They brought new innovations that simplify production costs such as centralized vehicle architecture or the introduction of gigacastings that help reduce manufacturing cost and assembly time, which legacy automakers had no choice to adopt to survive.”
The end result will be that next-gen electric vehicles will be cheaper to produce than equivalent ICE vehicles by 2027, the firm predicts. Vehicle production is expected to fall more quickly than battery costs.
Although EV production costs are expected to decrease, Gartner also predicts that the average cost to repair an EV body and battery after a serious accident will increase by 30 percent, and as a result, vehicles are more likely to be totaled after a collision. This could also increase insurance premiums for electric vehicles, or even a refusal among insurance companies to cover certain models. With that in mind, Gartner suggests that faster EV production should not be at the expense of higher repair costs.
The firm also predicts that 15 percent of the EV startups founded in the last decade will either be bankrupt or acquired by 2027. Gartner states that this consolidation is not an indication that the EV market is deteriorating, but rather that it is set to enter a new phase. The firm predicts that EV shipments will reach 18.4 million units this year, growing to 20.6 million units in 2025, transitioning from a “gold rush” phase to “survival of the fittest” phase.
“With the perceived promise of easy gains, many startups gathered into the EV space – from automakers to EV charging – and some are still heavily dependent on external funding, leaving them particularly exposed to market challenges,” Pacheco said. “In addition, EV-related incentives are being progressively phased out in different countries, which makes the market more challenging for incumbents.”
Subscribe to GM Authority for more GM electric vehicle news, GM business news, and around-the-clock GM news coverage.
Comments
LOL good luck.
Lies.
Care to share your research refuting?
Well nobody intentionally crashes their cars but I long said that resale on EVs would tank once degradation becomes a well known problem. Any damage to the battery. I predict EVs will get junked more often than repaired over a small amount of battery damage. And whoops! There goes your green future.
once degradation becomes a well known problem?
What are you talking about? The Batteries in Tesla EV’s, sorry only ones I track,
are loosing about 10% in over 150,000 miles. In other words the car behaves like
new for a long long time. Your hate is clouding your judgement. LFP batteries
seem to last even longer and fair better. There are exceptions to this rule but
there are exceptions to every rule. At about 200,000 miles the batteries wear down a bit
to about 80% of the original range. But hey it has 200,000 miles and its typically
over 10 years old. Even with that range loss the car still drives fast and runs like new.
No trans to worry you, no exhaust, no etc. Why the hate? Is it because you are afraid of change?
Thanks I did not have the energy to type. LOL.
“The Batteries in Tesla EV’s, sorry only ones I track,
are loosing about 10% in over 150,000 miles.” <— Ok. And I have a Toyota ICE with double the miles and still has its full range and also runs like new and still has the same fuel economy it was since new. So this is really not making the situation any better. As for this Tesla, my guess its yours, well my wife has a cousin with a Model 3 where in after only 5 years he lost 15% range. Mostly because it sits in the hot Florida sun which isn’t good for these batteries. But don’t worry. He still loves it and would never buy another ICE.
AS for being afraid? Afraid of what? The change of downgrading my life with a more expensive vehicle with less convenience than my ICE? That’s not being afraid. That’s being practical while not caring to appease your local radical lefty green agenda cultist and until the technology has 1) proven to be more reliable with better longevity than ICE vehicles and that ESPECIALLY goes for the batteries, 2) recharges as quickly as an ICE refuels without any adverse affects to the battery, 3) is on equal pricing as ICE equivalents, because I don’t care what anybody says about how much maintenance money I will save, nobody cares about long term payback. NOBODY. And the fuel savings only applies if you live in a house and don’t need to constantly public charge, and as a bonus 4) doesn’t make us dependent on an adversary that openly labels us as their enemy, you can think I am still afraid of change all you want but in reality I have no interest in getting one of these. Technology is meant to get better. Not be a major step backwards.
Oh no you so right. You never had any motor repairs or maintenance. Its all good as you are the norm, right? All those ICE cars in junk yards are over 300K miles because you squeezed out 300K from your Toyota. I have owned multiple Toyotas and they did not last 300K couple of them rusted out and the engines gave out. Had a large selection of Honda, GM, Mazda etc. I have gotten over 200k miles before they were unsafe junk. So your example of getting to 300K is an anomaly. Far bashing and declaring a green agenda, cult, blah, blah, blah. Nah not me. I do think that tail pipe exhaust is bad for you. The WHO said diesel exhaust causes cancer, so there is that but you go on thinking your the forward living one.
Of course the Toyota got to its 300k mile milestone through maintenance and upkeep. I take care of my cars and most cars I have kept for 10 plus years have hit well over 200k miles and still ran like new. Even a Chrysler minivan which is the king of unreliability has hit 200k miles and 15 years of ownership. She had her issues here and there, mostly minor electrical issues and a few fuel pump replacements due to a bad design (can and has also happened to charge modules on EVs), but mechanically, she was kept solid. But that’s the point I am making. I am in full control of the longevity of my ICE cars. On an EV, the battery condition is out of my control except for keeping the charge range between 20-85%, hopefully keep it parked in the shade and out of blaring sun, and try to limit high voltage fast chargers which if you live in an apartment you have no choice but to use these fast chargers and lessen the life of your battery. And the biggest laugh in all this is this claim that EVs don’t need any maintenance which cannot be further from the truth. They still have tires, suspension, paint finish, and brake pads (yes. brake pads. maybe they don’t need them as often as an ICE, but regen braking isn’t enough to slow a car down on the highway fast enough to take an exit or approach a traffic jam which is when the brakes run hot and wear the quickest).
As for the WHO, don’t get me started with them. These guys or the WEF. They like to point out the exhaust from diesel fumes but conveniently turn a blind eye to the emissions and environmental destruction battery mining and refining causes. But since it’s happening in China or Africa I guess that’s ok as long as we in American and Europe can breathe.
An EV is similar but simpler with less maintenance needed. There are basic things you can do to ensure very long term battery health.
I was good about maintaining my ICE but still had an engine fail in my Camry at around 120,000 miles. Needed a total replacement. Cost more than just getting a used version of the car.
Had a Subaru with an engine recall for burning oil and bad seals. Car never made it past 50,000 miles.
Anecdotal stories are interesting, but don’t really tell the whole story
If your Camry died at 120K, you weren’t taking care of it properly. I’m sorry you bought a Subaru – you should have known better. None of them really make it past 100k without some sort of problem. You should have changed your oil at 4-5k miles rather than going for the extended oil fill.
My Camry rusted out. Hondas have major costs after 100K for timing belts valve tightening and that’s just maintenance. No not had subaru but had a Mazda, it was OK but burned oil. Jeep was junk that thing burned oil new dealer said it was normal. I can go on bottom line happy with my EV. Saves me hundreds in gas every month and not had to change the oil LOL
Please stop the “you’re afraid of change” trope. It’s ridiculous. Let me ask you – Why did you buy something that makes your life more difficult? Are you clutching to ideals a bit too much? I’ll buy electric when gas cars are no longer available – when I have to buy one. You see, I tow things. Towing with electric is equal to about 1.5 hours of continuous fun – then you have to charge. Can you please tell me how enjoyable it would be to unhitch a trailer every 150 miles or so, to charge an EV?
Why did you buy something that makes your life more difficult?
My life is simpler and easier. Don’t go someplace to gas up just plugin at home drive to work with
a full tank. What’s harder?
Why? It drives faster better and has more features and saves me money. Compared to my gas car I am over 200 month ahead. Also cleaner air is good for everyone, not just me.
I am sorry you don’t see that.
As far as towing is concerned, your right. Its not been great, unless your talking about the Tesla Semi. The Silverado EV, goes the farthest. I think you can get about 3 hours of towing at 65ish mph.
It’s not more difficult? Thankfully, I live in a house and have a garage, so I could charge at Level 2. I have two colleagues at work that have Audi and Rivendell electrics. The Audi does not come up to full charge at his home overnight, so….he has to charge here at work, otherwise he has to stop on the way home to charge. The Rivendall owner has the same issue . How is that easier??? What if I wanted to take a road trip, let’s say 3-4 hours each way. Will the hotel at my destinations have a charger? Will it be operational, or will someone else be using it? Look, I get that you may be an EV ambassador and you love your EV. That’s great, car love is great. But please don’t think that this is for everyone.
Here’s another example – I often drive through an urban area to get to the airport. These cities have double and triple decker homes, with no off street parking. Could you tell us please how these people would be candidates for an EV? Are they supposed to find public charging and walk a mile to their home? Don’t say sell your car and take public transportation because you just don’t know where these people commute to work…
Finally, every care will need maintenance. Ev’s have brakes, the tires wear out quicker, and Ev’s have cooling systems. So…
At the moment most people should buy Tesla’s because they work and are easy and have more charge points. They are also more efficient. Otherwise try a Lucid Air they can be configured to go really far but they do cost but so do Audi’s
>>Ev’s have brakes<>These cities have double and triple decker homes, with no off street parking<<
Depends. Do they drive far to work? If they do the national average of 40 miles round trip then thats only 200 miles or less than one charge of a LR Model 3. So charging on the weekend while getting groceries is pretty simple. If its a lot farther then they need to decide if its worth saving the money and ups and downs of gas for the hassle of charging once a week. The price of gas is insane. One thing goes and your paying a dollar more a gallon.
Ah, one more point. I’m not a cost- focused vehicle buyer. I ain’t rich either. However, the masses that are needed for adoption – as you say – to make the air cleaner, simply don’t have income to buy an EV. I can buy one if I wished. I do care about clean air. The question is, do you care enough to stop using the plastic that are on the soles of your Redbirds or Skechers? Are you wearing Vegan leather? What about the fleece that keeps you warm?
See, Hybrids are really the way to go . you can reduce carbon emissions substantially if the fleet of cars in the US transitioned to this tech. Then, people’s lives would not be impacted by this blue sky type of thinking. Venture capitalists poured money into EV’s because they saw easy money and a targeted demographic of wealthy people that can afford a Lucid, a Tesla, a Riviano. You really think those investors care about your clean air?
First when it comes to plastics I agree, but don’t know enough about the creation of recycle to fix that problem. Taking a look at this one problem and then looking at the next. Vegan leather makes me laugh, its vinyl seats. Maybe cloth would be better so your a Fisker Ocean fan? Far as getting EV’s into the hands of the people that can’t buy new.. EV used prices are in the tank. That’s a good thing for anyone like me who will buy cheaper used vehicle before buying a new one. So adoption can happen quicker than you think. Just look and buy a used Tesla or Rivian or Lightning or Bolt and shop until you find what you need. The market is there got get one.
Hybrids are cars that burn gas and try to make you feel better. Do you really burn less gas? In the city but on the highway your not really using that tiny battery. Plugin hybrids they studied, no one plugged them in. So what’s the point? Also the Start stop cars is really rough on the engine parts like the starter and all the parts that get cold and hot. They really do cause more maintenance problems but reduce idling smog.
Wow. Quicker than even 2030. Crazy how Technology at scale becomes cheaper over time huh. Who would have thought. Lol
Like I have stated many times, it will get to a point that it will be so much cheaper to build an EV than to build an ICE vehicle that certain automakers will have some very hard decisions to make. Especially the ones that have yet to jump into the monumental shift in the Automotive Industry.
Cheap ICE vehicles will most likely be the first ones on the chopping block. What automaker will chose to build say a Trax style ICE vehicle when an automaker can build an LFP EV that will be soooooo much cheaper for them to mass produce and make more money on it.
LFP to date has proven less energy dense than cobalt. Here is the thing, look at “stuff”, any “stuff”. Electronics have gotten much cheaper, but the “stuff” in a chip is less than it was before. Actual dies sizes are smaller, ie, less “stuff”. They achieve this with finer geometries to squeeze more devices in less space, IE less “stuff”. Batteries are yet to be proven that less “stuff” can be used to create a given size battery on the kind of scales needed. So the price of the battery depends completely on the less “stuff” in the battery for a given size. Perhaps solid state will achieve that, perhaps. Take a look at the price of say a power Si transistor over the past 10 years. They are “up”, because a power device has not gotten smaller and the “stuff” has gotten more expensive with inflation. The new GaN and SiC devices are relatively new, and thankfully the SiC devices don’t use Ga, which has sourcing issues. But for Gartner to believe some magic fairy dust is going to magically make new battery chemistry by a certain date is delusional. Ask the fusion guys, yep 20 years away since 1970. Imagine if we had bet the farm on fusion being 20 years away in 1970. How’d of that worked out?
@mkAtx
Why would you compare Fusion to vehicle batteries?
How does that make any sense?
Car batteries are now mass produced around the World and as scale goes up the price come down. That happens for multiple reasons. One is scale so production becomes cheaper. Price also comes down because of supply and demand. When demand goes up and production is keeping pace prices become more competitive as there is now more competition for the product from many manufacturers.
I mention fusion to counter the argument of “a new better battery chemistry will create revolutionary price improvement”. For that you are counting on research, which may or may not be fruitful. I mention semi because I’d argue that batteries are in the “mature” stage. Mature implies you are down to the price of “stuff” for the majority of the cost. Manufacturing costs are actually pretty small for batteries. It is the “stuff” that is the majority of the cost. But unlike semi, where they shrink line widths to get more devices per square micron, batteries have no such shrinkage equation. They are simply not getting more power storage per pound of “stuff”, well maybe a little, but not at the rate semi gets at the square of the size of the shrink. If anything, I expect battery prices may go up a bit as mining companies (and countries that have the “stuff” to be mined) demand more for the material. Li is not going to be the primary I don’t think, it is fairly abundant. It is the other “stuff”, and possibly even copper that I see spiking in price. Rare earths used in the motors could also get dicey. While not really that rare, they are an ecological disaster to refine. We “exported” that to China, but now China is demanding a premium for the materials, so the west has started moving to refine it in the west. But time will tell if the greens have a fit over the refining tailings. It was easy to overlook that when China was doing the dirty work.
This is way too pessimistic.
Fusion reactions are incredibly difficult to control, and all the PRESS HYPE about some researchers making a few watts of juice for a few seconds when it takes 50,000 watts of support equipment in preparatory stages is quite a different kettle of fish from incremental improvement of a stable technology.
The cheap solar panels I got for my home 10 years ago (when I got mad at the local power company for raising rates – unknown to me at the time just temporarily because a vast majority of the public seriously complained) were a rather inefficient 220 watts rated (about 14% efficient). Cheap panels these days are about 25% efficient and are rated 400 watts… Good panels are now 500 watts whereas 10 years ago, you could only get good 300 watt panels.
Further incremental improvement in Solar Panels will likely be those that use multiple wavelengths of light, and transparent solar cells that will be used as window covering.
That is an incredible improvement. Even though I’ve never actually gotten even 200 watts from my panels (since Buffalo is about as Sunny as Anchorage) it is sufficient for my 3 EVs since the vast majority of energy for my home is provided by low-cost natural gas.
Off-shore wind power is probably Dead-in-the-water (pun intended) since it is so incredibly expensive and huge conglomerates like Siemens are walking away from their contracts.
But there is plenty of life left for Solar Power since you only have to buy panels once every 25 years (at a minimum), Solar farm power distribution has increased to a very economical 1500 volt standard – to minimize the number of solar grid tied inverters needed – and the problem of lack of transmission line capacity will be ameliorated by on-site storage batteries to smooth out the peak power transmission on the transmission lines.
Smaller farms don’t have any of these troubles since the electricity is substantially used in the locales where it is generated, and in any case, is not larger than the serving existing substation anyway.
Billions are being spent on new American plants at the moment. Hyundai, Ford, GM Tesla all making battery plants. The prices of batteries are going to call 40% by June according to CATL and BYD. So its not imaginary. LMP/L3P has higher energy density and charges faster and does better in the code. Just starting to ramp up this year. Sodium Ion is on the way but not sure that is this year or next. Silicon Lithium are being worked on and offers energy density boosts. So its not a matter of if but when and by 2030 batteries are going to be the way to go.
@Bob
Exactly.
EV’s will become cheaper than ICE and not only that will continue to keep getting cheaper every five years or so.
Makes me wonder sometimes where some people get their information from.
I try my hardest to stick to facts.
@mkAtx
Are you trying to state that New Battery chemistry is fake?
Battery density has been increasing approximately every five years thus far and we are what only a little over a Decade of real development. Probably closer to a decade as it was mostly only Tesla in the beginning.
Thanks. I did not have the energy to type more. LOL.
I call BS.
I’m sure the customer will not see any price reductions as a result of these alleged savings
Have you seen the MSRP price of Teslas? And yes they have dragged down Ford and GM prices so they can compete.
I don’t believe for a second they are actually cheaper to manufacture. If that was true, Ford’s lighting would be sold cheaper than an ecoboost, but they instead had to cut production because they’re too expensive to sell.
I’ve watched the price of new ICE trucks skyrocket over the past 6-8years. At a time when companies like GM are losing billions on ev’s and self driving tech, but still having record profits, it’s not that ICE are costing way more to build, they are just charging more because they can.
Look at the cost to replace an engine and transmission in something like a ford focus, then price out the replacement cost of the batteries and drive motor in a chevy bolt. The rest of the car is about the same to build, the difference is the powertrain, and the battery and drive motor in a Bolt is a lot more than an engine and transmission.
The article didn’t say they are cheaper to build today.
They will be cheaper to build in the next few years.
This is why Ford is already quickly working on the F150 Lightning replacement.
Here’s the problem, 5 years ago we were promised that EV’s would break even, as soon as by 2020, but guess what, OEM’s are still loosing money hand over fist on them. It’s not that this firm is claiming cheaper EV’s it’s that they are one in a long list of claims that never came to pass. It’s now the boy who cried wolf. We don’t believe them. Especially cause this firm probably is being paid by Blackrock or Vanguard who dumped billions into EV’s and are loosing tons of money on that investment.
FYI, ford is scrapping all future EV plans, with the next gen lighting now on a skeleton crew to keep the Greanpeace ter orist at bay.
Don’t recall anyone was saying 2020. But if they were, they probably didn’t count on a global pandemic disrupting development.
But for the market segments they are in EVs quite often meet TCO parity. Especially at the higher luxury levels.
And it keeps coming down into the non-luxury segments.
Ford is scraping nothing. In fact the slow down is because they can’t bring down the price as fast as Tesla. I never read in 2020 EV’s would be at parity, do you have a source for that? The battery prices are tumbling this year and they will as rEVolutionary said offer a luxury car at economy prices. That will cause GM Ford and others to freak out. You know the model Y outsells the Camry in Ca the largest car market in the US. The writing is on the wall, ICE cars are dying and EV’s are rising. I am sorry this upsets you so. EV’s to grow globally another 20% this year at the cost of ICE cars. They are just faster, less maintenance, and in general cheaper to fuel. When new battery tech comes out this year and next they will just find less resistance and flood the market even more.
The OEMs have lusted over Elon’s profit margins. So fewer parts in EVs. Upgradability like an iPhone. And Elon doesn’t have or need a vast and expensive dealer network to service and keep happy. No EPA emissions certification. That’s why ICE is looking at its final decade of dominance. The legacy OEMs are not being “pushed” into EVs by the libs. They can’t get there fast enough.
I was with you until the EPA part. The BS govt, EPA/CAFE standards are a large part of the problem here and absolutely “push” the needle.
Tesla’s profit margin is because the feds redirect massive fines from legacy autos. Take that away, and Tesla has terrible numbers. That’s despite the fact that Tesla has a feeble engineering team, musk keeps that company on bare bones, and has no unions to deal with. Despite the fact that Tesla is gutted already, and when musk leaves they won’t be able to keep that place running, they have the oldest lineup in the industry. They also are benefiting from the most EV friendly market there will be. I do worry about teslas future. In 10 years they might fold.
Evs will never be something you would ever what to ever keep. Pay your share of the taxes lap dog . Hope that battery doesn’t blow your a off. lol .
Ford slopped $hit together off the shelf like GM did at first 13 years ago for the volt. When things are properly designed for scale, the costs come down! Having a volt and with little sourcing of battery replacement which the GM Ultium system should fix once its up for a few years, I would not touch a Ford version 1. Though the volt gen 1 has done well with 130k miles, 85% EV driven, battery now giving me about 92% use still at 10 years old! Facts.
The Chevy bolt has an incredibly beefy double reduction helical gearbox that, with a simple 200 HP motor driving it, is more substantial than the same thing used in the old 400 HP Tesla ‘s’s.
You hear stories about Tesla’s having drivetrains replaced multiple times, but this won’t be necessary in a bolt since they are NEVER under any destructive strain.
The few times I’ve ‘Floored It’
I’ve never even heard any gear box sound, it being surprisingly that well designed.
Anybody who knows anything about automotive assembly could see this coming a mile away.
An EV simply has fewer parts than a combustion vehicle.
The powertrain assembly of an EV is far less complex than a combustion vehicle.
Yes the batteries are large and somewhat heavy. But these too have parts that can be mostly automated.
So this has always simply been a question of scale and infrastructure. Hence the 2027 date.
And yes I’m aware GM had some issues with Ultium automated module assembly. But that seems to have been mostly resolved now.
In 2027? We aren’t there yet lol.
ev’s are just the continued push to make automotive like a kitchen appliances…throw away when they start acting up. cant repair after damage, looks blah, the push to purchase online and eliminate purchasing under sticker price.
Can you recycle gas? You can recycle batteries and that will eventually lead to a closed loop system with little to no extra mining needed. It will drive down the cost of a new car where the car costs are more like a fridge than a house.
LOL, what? Can you recycle coal after it’s used to produce electricity? What you are stating is more akin to if you could recycle a gas tank.
They don’t want you to own a cheap car, they want you to subscribe to use a fleet of vehicles that you share with the people in your area.
I have a bridge that these guys might be interested in. The price is right, and it is conveniently located in Brooklyn. If by some remote chance, they do become cheaper to build, the Manufacturers will keep the difference and the consumer will still pay more. And like one of the other statements here today, the EVs will be throwaway appliances. Who will pay thousands to replace the depleted batteries in an 8-10 year old vehicle? Not many people I suspect. They will be scrapped in favor of buying a new EV.
OMG why are using Coal? Use nuclear or solar or wind or all the above. How about that clean hydrogen Toyota always talks about.
The problem is the same folks trying to shove EVs down our throats are the ones trying to ban nuclear power too. They are quick to accuse others of not following the science but are completely clueless as to the actual benefits to nuclear power and how it can be key in addressing the increased load on the grid that EVs will pose.
The problem is the same folks trying to shove EVs down our throats. OK there are 14 states wanting to get rid of the use of fossil fuels because the smog and pollution are bad. Same way they got rid of lead from gas or asbestos from brake pads. Increased load on the grid that EVs will pose is a myth. Do you use an electric dryer? If so its the same thing to charge a car over night. Even better if you had solar and battery backup on your own building making you a lot more free from the government.
I wouldn’t quite say its a myth. Its a very real thing to take into account. And again, you mention one electric dryer but you forget the goal is to get everyone on an electric vehicle and it adds up. Not to mention, many of these same states want to ban fuel fired appliances which now also adds everything that was on gas onto that grid now. (I have a gas dryer actually, but have had electric also). Electrical cables work much like water pipes. The more load you add the more water (or electrons) you have to move. So you either have to make larger cables to carry more coulombs per second or increase the pressure (i.e. Voltage). I live in NJ and since 2014 there has been an ongoing project to upgrade the utility poles from 4kV to 13kV and 26kV which involves replacing outdated utility poles with taller poles to carry higher voltage utility cables. I don’t know if this project is being done in response to electric cars, I doubt it considering the Model S only came out in 2012. So it must be in response to increased population but regardless its what to expect is needed and is doable. The electrical infrastructure doesn’t concern me. It’s just going to need upgrading to higher voltage ratings but more plants and generators will be needed to meet demand. And this is where, if you want to maintain that green trend, I say go nuclear. Wind and solar may not always be practical and nuclear is considered a form of clean energy. For years France got 80% of their power from nuclear.
Most electric growth has been lately from bit coin mining and data centers, ai, cloud storage, etc. mostly in southeastern states.
EVs are a really minor concern and overall make the grid more reliable and economical if utilities encourage time of day usage properly, most during overnight hours when usage traditionally has been too low for reliable long lived central station operation
Haha some big expert here is clueless as to factual reality.
Old timers who constantly wring their hands and nash their teeth about peak loading from electric car charging can’t figure out that cars driving during peak electric grid loading are using ZERO load from the Grid at the moment simply because they charged up the night before and are actually are a benefit and not a curse to the ‘GRID’.
Most EV’s take no more than an electric dryer to charge and only need to charge once or twice a week depending on your drive.
hi Bob.
My evs usually take less than that and I charge usually at either 900 watts (0.9 kw) or 1.4 kw. A dryer draws 6 kw as it is coming up to temperature usually. (provided running on a 240 and not 208 volt system.. then wattages for the dryer are 25% less). But I use an economical Gas dryer… Even my large Hot Tub I converted to Gas water heating.
My fastest charger at home is a 7.6 kw receptacle which I use if I’m in a pinch but otherwise i just slow charge and it is adequate for my 3 evs.
All these naysayers are forgetting that you need electricity ( from coal or other sources) to produce any vehicle, and to make gasoline. A simpler vehicle will use less electricity, and all EVs will only use electricity to run. But a gasoline vehicle has to use more electricity to manufacture, store, and pump gasoline than to just charge a battery. Plus 70% of the gasoline energy is lost as heat. Finally, most EV owners charge with solar or wind power sources, and some will charge for free.
They just like the purr and rumble of the engine. So I say we borrow SOUND EFFECTS LADY from the Price is Right!
Not a naysayer…I’ll wait until they get charging properly figured out. I’m not buying something that makes my life harder, but I’m glad you did. You’re saving the planet. Enjoy your early adopter badge and wear it proudly!!
Yeah right… we are not fool ! Cost savings that we won’t see the light of day in the msrp pricing!
First, the most American made car is Tesla. Second Tesla is the one leading the charge to lowering MSRP’s and currently the Model Y with rebate is around 36K and its the number one selling car in the worlds.
Its going to get cheaper as batteries get cheaper and they are.
Was the study data provided by GM who is moving too fast to EVs and is desperate to justify that decision? No way this prediction will be accurate.
Not sure why they think they are moving too fast as they have not even started. Stopped selling the Bolt when it was selling over a 100K units. Just started selling Cadillacs and could not deliver them because of the lack of packs. So let me know when GM actually starts selling EV’s at scale.
Evs will never be something you would ever what to ever keep. Pay your share of the taxes lap dog . Hope that battery doesn’t blow your a off. lol .
I am on a EV forum where many people have over 60,000 to 100,00 miles and many of the cars are about 4 to 8 years old. The only reason they are swapping is newer models offer better features. What’s new about that? Trade in new car every 4 to 8 years just like ICE.
A blazer ev base 50k a premier ice blazer 50k… so they expect 5k drop off a ev by 2027?? Sure
It should be even less than 50k. Battery prices are falling this year by about 40%. Pack prices will be falling by 3rd or 4th quarter. When it does the race will be on with Tesla who will reduce MSRP. If they don’t know how to deal with that they will be out of business in a few years as cost of parts and cost of assembly becomes less.