06-14-2022, 09:38 AM
(This post was last modified: 06-14-2022, 09:41 AM by Space Karen.)
While lithium EV batteries are outside the price range of most consumers. If production scales upward, those prices will come down. It was the same with solar panels. They were too expensive when jimmy carter put solar panels on the white house in the 1970s. Manufacturing methods improved, production scaled up, now they're affordable for anyone who wants them.
If the cost of replacing EV batteries today is $10,000. In a span of years that price could decline to $5,000. A few years later it could be lower. Tesla began targeting this goal in 2020 with their new 4680 batteries and plans to create a budget E vehicle priced around $30k.
Lithium batteries and solar panels can also be recycled. While there is no industry for it at the moment. Over time it should naturally develop as the technology becomes more mainstream. These are trends we have already seen in the recycling of plastics and lead acid batteries.
If the cost of replacing EV batteries today is $10,000. In a span of years that price could decline to $5,000. A few years later it could be lower. Tesla began targeting this goal in 2020 with their new 4680 batteries and plans to create a budget E vehicle priced around $30k.
Lithium batteries and solar panels can also be recycled. While there is no industry for it at the moment. Over time it should naturally develop as the technology becomes more mainstream. These are trends we have already seen in the recycling of plastics and lead acid batteries.