Jengaj John's post

Jengaj John

11 w

Battery prices continue to drop- what does that mean for electric cars?

💡 Battery prices continue to drop- what does that mean for electric cars?

Will electric cars be cheaper to buy than the equivalent petrol cars in 2025? And does it matter when the big shift from petrol to electricity takes place? We have updated our forecast from last spring.,total%20production%20increases.

The main reason why electric cars are more expensive to buy than the equivalent petrol car is the battery. When Tesla's Model S launched in 2012, the battery in the car cost approximately $30,000. But the price has fallen rapidly, by 85 percent between 2010 and 2020 and based on Wright's law, it will continue to fall as total production increases.
  • Patrick Kiash

    11 w

    Meaning by 2030 there will be great difference. Good for Electric Vehicles.

    • Munene Mugambi

      11 w

      Better for prices of electric vehicles

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