Volvo: "saying it now expected to still be offering some hybrid models in its lineup at that time."
VW: "will need more plug-in hybrids as EV sales decelerate."
(I'm not clicking the link on the site for the channel that has Nigel Farage, funny though.)
Personally I'd welcome an electric only revolution, because they're a lot less noisy and I hardly ever need a car. But it's future has always been entirely made up marketing speak to prop up shareholder value
Manufacturing is hard and early versions will be expensive. BYD management claims that solid state batteries will be for the high end. They're pushing lithium iron phosphate for now.
Samsung just announced a small solid state battery for wearables. This technology may appear in small devices before it's in cars.
The most likely scenario in 10-15 years is that the batteries have degraded some low double digit percentsge, which matches most real world data that I've seen, but will otherwise still be as viable as any other vehicle. And if battery prices do drop as is being predicted replacing them with something similar should not be prohibitively expensive (and possibly will mean extended range as well).
These kinds of announcements/articles have been published every few months, and pretty much never end up in any products because theyre pretty much never economically viable after scaling it up
I'm even willing to put money on that, if you actually believe your own words to be true, I'd easily bet pretty much any amount that we will not have a 50% upgrade in battery capacity in any car as compared to the previous model that's been published 1-3 years prior to that. To keep it simple, say $10 000? It'd be easy money if you yourself think you weren't just talking none sense ( ◕ ᴗ ◕ )
And even if we did get a 50% battery capacity upgrade in 2025 as compared to 2024 - while I wouldve lost the bet... My original point would've still been just as correct, because even at that point, they're still annoying to work around vs ICEs and their biggest cost would still come from a single component (battery) that has a pretty short expected lifespan compared to a regular engine
And you yourself likely know that as well, considering you didn't even acknowledge my bet ( ◠ ‿ ・ )
I'd also argue we're seeing battery improvements in cars pretty consistently, which is one of the reasons I can now buy an EV with 350km range for AUD$30k.
There have definitely been improvements in that regard, just not in such a short period of time
https://thedriven.io/2024/04/03/catl-announces-electric-vehi...
I'm about to buy my first car and while I can't afford an EV I'm very grateful for EVs dropping the 2nd hand market so hard. Currently Mazda 2 from 2020 is half the price of a new BYD Dolphin here and if I needed to drive more I'd get the latter but for that price a cozy road trip rain shelter is too hard to resist!
You get a price drop of 60-70% within 40-60k km for electric vehicles, the ICEs usually only drop by ~50% by 80-100k km. That's less deprecation despite higher usage.
And these electric cars are mostly ~4 years old while the ICEs are 6+ years old.
At least in my region, ICEs resell way, way better
/Edit: the Mazda 2 costs 21k€ new, the byd dolphin 30k.
If you're buying a 4years old Mazda for 1/2 of the price of a new byd dolphin, you're actually paying 70% of the list price of the Mazda. That's kinda proving how high ICEs are reselling vs the electric vehicles. The equivalent electric vehicle would've deprecated more
ICE cars gonna lose value real fast the further EV revolution goes because why would I buy a used ICE car when I can buy a new EV that has 10 times the fuel efficiency and no basically no maintenance overhead? It's a better car in every single aspect minus the refuel time.