Oh there were 400 mile cars cheaper than ice cars before?
Look Tesla can already build EVs at price parity with ices, they are currently sitting here n their profit margin. This isn't a hype cycle, Chinese EV makers and battery suppliers have 200+ wh/kg lfp and 150 wh/kg sodium ion in mass production scaling.
This isn't a hype cycle, there are entire car companies in mass production with equal to ice costs now, and the cheaper than ice can ever be is in production scaling.
Yes it won't be over night, but if you are doing production planning, financing, stock prediction and other 5-10 year planning, the writing now on the wall.
This is without solid state and sulfur techs. Im only talking about the CATL LFP and sodium ion techs. Those alone will beat ices on cost at initial purchase, to say nothing of cheaper permile "fuel" and maintenance costs.
And keep me n me and wind / solar is STILL dropping in cost, under what any old school power generation method has been. EV costs will only drop.
" Very real problems"
Please name one