Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking
Yes, i bought a LFP 1kw Ecoflow solar generator 2 years ago for $850. I bought the same one 1 year ago for 650 and now it's 400 for the exact same model. Prices are falling fast!
Two month ago our fund invested a charging station with 8MW LFP energy storage batteries in hunan province china ，Price for LFP batteries pack is 350 RMB（about 48 USD） per kilowatt ( Installation costs are included）
@@mb-3faze catl lunched they call "cheap batteries pack" 173ah VDA LFP 2.2C batterise cost 0.4 RMB(0.055 USD）per Wh. The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan (5509 USD) (excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9641 USD)
@@mb-3faze CATL already lunch they called "cheap LFP batteries pack" 173Ah VDA 2.2C LFP batterise .The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan （5500 USD）(excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9640 USD)
@@mb-3faze CATL already lunch they called "cheap LFP batteries pack" 173Ah VDA 2.2C LFP batterise .The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan （5500 USD）(excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9640 USD)
Bring it on Sam ... Bring it on ! I have a 3yo EV Hyundai Electric and we love it. We are retired and a little aged , though not much , and we like to think that in 5 years we could replace our battery ,affordably , and make this really our last and best car ....
Batteries are required for grid level storage of wind, solar, and other intermittent sources of energy among other things not just EVs. As such, there isn't an over capacity at this point I would think.
Vehicle-to-Grid (VTG) technology is indeed helping address the issue of inadequate grid storage by enabling electric vehicles (EVs) to act as mobile energy storage units.
@@thamesmudbatteries are charged during times of low grid demand and power from them release SS at peak times. There are 144 new power plants in the planning stages in the US.
I suspect that battery replacement cost will cease to be a problem. I'm also looking forward to adding batteries to my solar energy system to achieve complete independence from grid power.
It will, relation between media and what actually happens in our country is pretty skewed. The Tesla Model Y is quickly becoming the number selling vehicle in the USA.
@@jonathanshaw8868 We expect people to understand that oil production and it use is far more damaging. Unlike oil, once the minerals have been mined they can be recycled forever.
I'm waiting to get home battery storage for this exact reason. Hopefully by the end of next year, we can get ~20 kWh for the same price as 10kWh system now.
The real issue is that most legacy automakers are not using the class leading Chinese made batteries and are usually paying much more for much less class leading capability. The automakers in the US are now producing vehicles at an average price of around $48,000 USD, well beyond the average buyer's means. They love those high margins and will likely not want to reduce them to the consumer.
This is exciting news! Personally, I’m looking forward to the day when we no longer need to mine battery metals. The Flash Joule Heating process will get us there. MTM Critical Metals, an Australian company, holds the global license to use FJH in urban mining, including recycling batteries. It’s early days but the potential is enormous.
Recycling is of course good, but we'll never (well, not within our lifetimes) stop mining, because the number of batteries we want for things will keep going up, and you'll never get 100% recycling anyway. But I think we will live to see the day when the demand for fresh materials starts to level off and maybe go down a bit. Just not to 0.
Lead acid batteries are 99% recycled, so once the World goes fully EV it should happen to their batteries too. The biggest problem right now is getting enough batteries to make recycling viable. Most are still in the cars (including my 13 year old Nissan Leaf).
Great info. You mentioned "Carbon Capture is not doing its job". As an engineer, I looked at CO2 and was dumbfounded. CO2 makes up 0.04% of the air we breath. When it drops to 0.02% plants start to die. At 0.01% massive vegetation die off happens. During the Jurassic period, CO2 levels were 0.16%, this is 400% higher than today. Life thrived. 10,000 yrs ago Canada was covered by a glacier 2 miles thick. It melted, massive climate change. It had NOTHING to do with pickup trucks. Moving away from ICE to EV's is smart, we only have one atmosphere, and I like to breath clean air. But CO2 is not the enemy...
@@Sparkyoleano It is a contained environment and the nutrients are sufficient to help the plants make use of the extra CO2. Do some research beyond a green house. CO2 is the earths thermo regulator.
CO2 is the earths thermo regulator. Life will thrive under many different circumstances but 8 billion people are dependent on the stable environment we arose out of.
Unfortunately the current administration put a 100% tax on them and the incoming administration is raising the import taxes more to keep them too expensive for you.
I do not think it will happen in the EU or US, even if EV prices in China fall below $10K. I foresee the opposite situation: ICE prices in the EU and US will continue to skyrocket due to declining production and reduced economies of scale.
I know it may relate more to current EV incentives in the US but EV lease deals in the US currently are below the ICE equivalent. Example: Honda Prologue lease $0 down, $199 month for a $50k car. If an EV works for you and you need a car now or in the near future now is the time before incentives go away.
Yes, you can lease a Ioniq 5 SEL for $230/mon, $4k at signing, 24 month term; that’s less than a $10k outlay (+tax etc) for 2 years of driving. I love a good fire sale…opps.…Let’s use going out of business sale instead. 😅
Yep hear that on every video posted, it’s not game set match until it’s implemented and available to the public at an affordable price for everyone, not just new car buyers. The technology takes time to filter down and will be many years before all consumers benefit.
Imagine this: you’re sipping coffee on a balcony overlooking a city skyline or lounging on a pristine beach, all while your investments are working their magic. With copytrading, you can finally pursue your passions, travel the world, and create unforgettable memories with your loved ones. It’s all thanks to the power of copytrading and the life you’ve always dreamed of!
Celebrating a $600k stock portfolio today. Started with $60k. Invested wisely and now have time for my family and future. One of the benefits of copy trading.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
It seems to me that there's a bit of an Osborne problem here: the longer you wait, the cheaper and better the product will be. So there's probably a lot of pent-up demand waiting for technology to mature--and when it does, floodgates will open. Even now, it doesn't make much sense to buy an ICE family car.
Been saying for the last 2-3 years I will wait to around 2025 to buy an EV, but now Im thinking it will only get better and cheaper beyond 2025...so now sitting on the fence again haha.
the battery failure is the reason to buy ICE & only ICE. Perhaps a hybrid for city driving. Only reason really. Oh the Saudis are cutting the price of oil. So there's a reason to NOT buy a car with a known $20K+ repair bill in several years.
Not surprising, we've seen this before with technologies like Photovoltaics, wind, etc. and the experts have predicted this trend in batteries. what they also expect and we haven't really seen yet are the cost savings of the raw battery materials recycling old car batteries back into new car batteries, mostly staying in the car production cycle and hopefully reducing the environmental footprint of mining raw Li, Co and the like. This all makes more sense than trying to regulate or "drill baby drill" approach to try to artificially depress and subsidize the costs of a finite resource.
I just bought 8 340ah batteries for less than a year ago I bought 100ah ones for more money. And they are 8000 cycle ones . It was that cheap I thought it was a scam 😊.
@nfzeta128 Where are those? Even the cheap EG4 ones are 1200 bucks. You can sometimes get sales that bring some weird cheap junk just under a grand. 500 bucks is unheard of.
At $53 per kWh is it economical to make battery powered container ships now? Fuel cost is about 60% of the operating cost for a container ship. To switch over from expensive oil to cheap electricity would give battery powered container ships a massive advantage.
Not gonna happen in the next 10 years. Probably not the next 20. Batteries only work in small boats with small ranges today. Still need a Big improvement in battery cost and energy density. Then consider the time required to charge 5000 tons of batteries and the port that can do it for 10 ships at once (in port nuclear reactor?... that bit isn't so far fetched if the politics goes away and you stretch to 30 years). Check the yachting industry if you don't believe me. They'll try anything as there is no practicality or monetary issues for billionaires (H2 yacht anyone? Seriously, some doofus built one to go back and forth to the dozen ports in the world that support it). But all electric yachts... nope... nothing of any size and even they hedge against the battery with sails and the like. Better off with Nat gas for now as a stop gap.
Once battery prices drop another 50% to about $25 per kWH we’ll see an explosion of BEV sales. We just need the charging infrastructure in place to handle the added cars especially in apartment complexes.
We installed 38.4 kWh of stacked HomeGrid batteries for our whole house solar system last December 2023. Around $23k plus installation. They are pretty good but not big enough to carry us through the darker cloudier months of December and January (we have electric heat pump heating). I would love to add a second stack but for that would need to see prices come down substantially. So this gives me hope.
Let’s hope home batteries will soon become affordable. In the UK, battery storage is the big missing piece in the equation and people are ‘selling’ their solar output at a minuscule price to the energy utilities rather than storing it for use at home (or locally). Currently home batteries here are still quite expensive but slowly coming down in price. UK home solar systems are relatively flawed in that there is a strong grid-linked philosophy to the extent that during grid power outages, everyone’s solar inverters shut down (this is a requirement) and they have no off-grid capability. I have bought a large power pack for this eventuality (which is increasingly common due to now frequent storms) which I charge with separate solar panels to my main bank
Battery industry is starting to remind me of the cutthroat computer memory manufacturing industry. When Japan entered the market, the shakeouts were legendary and the price of computer memory (RAM) fell precipitously.
Love your reports. ICE car companies don't have to go bankrupt if they raise their prices and find customers who oppose EVs. Further making EVs relatively cheaper.
For those who're looking for storage batteries,me included, there will be a glut of those in 3-5 yrs due to a huge number expiring from EVs and recycled into energy storage market.
You can't simply base price on capacity. The part of the price that csn drop that way is the profit. Raw materials and to some extent production have a fixed cost. If you build a second assembly line the cost to run the lines doubles along with the output. You cut profits to find more market.
Battery pricing is not the real issue that most folks bash evs for. It is the pathetic charging network and the realistic range especially if you buy an ev truck for truck things. They just aren’t getting the job done. They need to work on making the products better and make owning one better, instead of trying to get me to buy what hasn’t been working just because it’s a little cheaper.
And as an added bonus legacy corporations of many types are going out of business :) After decades of shafting us and making billions. Something to look forward to atleast in this economy.
If you had a 100 KwH battery pack, it would cost $5,300 USD? So, shouldn't the prices for Tesla Model 3 and Model Y continue to go down? Since the majority of the cost for the cars is the battery? Please let me know if I am wrong.
Here's what will happen in the next decade: 1. Overcapacity 2. Energy Surplus 3. Free Hydrogen w Surplus Energy 4. Car market crashes due to EV's longer lifespan + inflation 5. Battery sales replace car market revenue losses 6. Humanoids destroy jobs 7. People buy a humanoid and become farmers
3. You will NOT see free Hydrogen in any meaningful quantity. The surplus energy will go into batteries, pumped hydro, compressed air... etc. Gross overcapacity will be mothballed... though the market is currently voracious. Companies that give things away due to inefficiency go away fairly quickly. Free Hydrogen was a myth spread by Nikola... before its CEO went to jail. Hydrogen prices have been going up as H2 cars have nearly disappeared. (Its also very expensive to store, ship and distribute. You might also add that the low price of automated taxis will also eat into the car market.
there's no 'longer life span' due to the batteries shorting out. Same for 'energy surplus'. Most solar arrays are a push as far as 'making money' feeding overage inti the grid. The utilities like the monopoly they have. It won't change in eight decades. Never mind just ten years .
Cheaper EV no use in a country with almost no charging stations. That said I’d buy more batteries for my home in a heartbeat. However, domestic battery prices have hardly budged in 3 years.
womp womp, you wont see anything like that anywhere. Most of the companies that are selling EVs in China are going under. The rest are not making enough to really run their business as the state is removing many of the extra money they were given. China also lost a lot of IP as the west stop proving it for them to take.
The only problem is if you have to replace your battery in the United States there is no competition you have to go to Tesla and they’ll charge all of the money they can
And yet a comparable EV from China is more expensive than a comparable ICE from Korea. The narrative said comparable prices when batteries were $100/kWh. Yet at $60/kWh, ICE still cheaper
Releasing an abundance of car models does not necessarily boost demand for electric vehicles; it may instead perplex consumers. It is more effective to maintain consistent models while annually enhancing the battery. Advances in battery range and charging times are what truly drive the sales of electric vehicles.......
This is the reason why I currently won't buy an EV and will continue to lease for the time being. That way, the risk of higher depreciation due to technical development over the course of the lease is on the leasing provider, not on me.
I said from the very beginning that if I had to pick a year of when EV's will be cheaper than ICE, I picked 2027. I still hold that opinion. Sodium Ion batteries will replace Lithium Ion for stationary storage by then, further lowering Lithium Ion batteries prices. And Lithium-Sulfur and Solid State will start to come in EV's just before 2030, meaning that low cost EV's will use the cheaper "old" Nickel based or LFP chemistries of today.
We need to redo the whole power grid at this point. Ai needs unlimited power. The future is electric. The Kardashev scale has showcased its importance for 90 years now. We not even type one yet💀 But at least things are starting to happen
I was travelling about 200 miles a day or less but not always able to get home so ended up usually in a travel lodge or similar usually without a visible charging point so having a long electric range was a necessity. With the range of the diesel I did not have to worry about it. Don't get me wrong I was working for a solar panel company and would have loved to have turned up in an electric car but it just was not practical. As an engineer I don't really care what I drive as long as it's reliable and gets the job done. I am looking forward to the day I can hook up and electric car with v2g to my house and lower my bills and visit my friends in Cornwall without having to plug in. The technology is getting better it's just not mature yet leading to low resale values. There are some bargains to be had in the UK market at the moment but these are more to do with manufacturers dumping stock to avoid fines and are yet to be on a vehicle I would want.
China's incredible efforts toward efficient battery production and development are so far ahead, but no-one seems to want to pat them on the back, even though its great for future consumers and the environment..
Click here to get a free charger and installation when pre-ordering the G6
xpeng.com.au/?qr=726XPO
The best solar company in Australia just installed my new solar system.
Check them out here:
www.resinc.com.au/electricviking
Yes, i bought a LFP 1kw Ecoflow solar generator 2 years ago for $850. I bought the same one 1 year ago for 650 and now it's 400 for the exact same model. Prices are falling fast!
And will continue
I got a 700wH bluetti battery pack back in 2021...might be time to upgrade soon.
link?
I got an Ecoflow 1.6 kw system for $800. Love it.
Viking says the packed LFP battery price in China is now $75. Didn't I also hear him saying the sodium ion ones will be $10/KwH?
Nice! Meanwhile replacement packs in a Model S are still $22K.
Monopoly markets set costs to maximize profits
Also if its an older type of pack the cost for that specific battery might stay high?
Nio Battery Swapp. Never Replacement.
Tesla rip-off.
More battery factories need to be built worldwide. Can't allow China to corner the market.
I love my EV and will never go back to ICE. Everyone I know is getting an EV and loving it. 😊
Two month ago our fund invested a charging station with 8MW LFP energy storage batteries in hunan province china ，Price for LFP batteries pack is 350 RMB（about 48 USD） per kilowatt ( Installation costs are included）
kWh, presumably - that's amazing. Looking forward to a 100kWhr battery for less than $5k
@@mb-3faze catl lunched they call "cheap batteries pack" 173ah VDA LFP 2.2C batterise cost 0.4 RMB(0.055 USD）per Wh. The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan (5509 USD) (excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9641 USD)
@@mb-3faze CATL already lunch they called "cheap LFP batteries pack" 173Ah VDA 2.2C LFP batterise .The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan （5500 USD）(excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9640 USD)
@@mb-3faze CATL already lunch they called "cheap LFP batteries pack" 173Ah VDA 2.2C LFP batterise .The cost of the battery cell of a 100kWh battery pack will be about 40,000 yuan （5500 USD）(excluding tax), and the cost of taxes, packs, service costs, car company profits, and car company risk control in the later stage will all be converted, and the cost is likely to be about 70,000 yuan (9640 USD)
I’m not investing in anything in China. Oh hell no
Where does the 51% come from? A $95 drop to $53 is a 44% drop! What did I miss?
Sam doesn’t do Math, he just reads figures out.
Ozzie maths😂
Nerd
It comes from the Bloomberg article. Can't say more because their website crashes my browser.
You missed Your're on a EV lunatic's channel. It has it's own math.
Bring it on Sam ... Bring it on ! I have a 3yo EV Hyundai Electric and we love it. We are retired and a little aged , though not much , and we like to think that in 5 years we could replace our battery ,affordably , and make this really our last and best car ....
Batteries are required for grid level storage of wind, solar, and other intermittent sources of energy among other things not just EVs. As such, there isn't an over capacity at this point I would think.
Vehicle-to-Grid (VTG) technology is indeed helping address the issue of inadequate grid storage by enabling electric vehicles (EVs) to act as mobile energy storage units.
Batteries are not viable for grid level storage. They are only suitable for limited frequency stabilisation.
@@thamesmudbatteries are charged during times of low grid demand and power from them release SS at peak times. There are 144 new power plants in the planning stages in the US.
They are being used all over California right now. It’s already happening.
“Storage” is required, not necessarily “batteries”. There are alternative forms of storage beyond batteries.
I suspect that battery replacement cost will cease to be a problem. I'm also looking forward to adding batteries to my solar energy system to achieve complete independence from grid power.
you only proove that people who wait are right with your daily tech improvement videos. One day you'll understand :)
You tell us you were right in every video.
This won't be talked about in the US. Most every article I see is bashing EV's.
It will, relation between media and what actually happens in our country is pretty skewed. The Tesla Model Y is quickly becoming the number selling vehicle in the USA.
But of course, because BEV consumes no oil, and PHEV consumes very little oil.
@@Yourleftismyright88 Number 1.
Well considering lithium ion production is a ecological disaster... what do you expect?
@@jonathanshaw8868 We expect people to understand that oil production and it use is far more damaging.
Unlike oil, once the minerals have been mined they can be recycled forever.
I'm waiting to get home battery storage for this exact reason. Hopefully by the end of next year, we can get ~20 kWh for the same price as 10kWh system now.
Clear, succint and correct. May your reach 10-100x my friend.
The video explained it well! Thank you Sm 😊
The real issue is that most legacy automakers are not using the class leading Chinese made batteries and are usually paying much more for much less class leading capability. The automakers in the US are now producing vehicles at an average price of around $48,000 USD, well beyond the average buyer's means. They love those high margins and will likely not want to reduce them to the consumer.
Yep, JLR opted for pouch cells for their now ancient ipace. Purely on cost / profit.
This is exciting news! Personally, I’m looking forward to the day when we no longer need to mine battery metals. The Flash Joule Heating process will get us there. MTM Critical Metals, an Australian company, holds the global license to use FJH in urban mining, including recycling batteries. It’s early days but the potential is enormous.
Recycling is of course good, but we'll never (well, not within our lifetimes) stop mining, because the number of batteries we want for things will keep going up, and you'll never get 100% recycling anyway. But I think we will live to see the day when the demand for fresh materials starts to level off and maybe go down a bit. Just not to 0.
Lead acid batteries are 99% recycled, so once the World goes fully EV it should happen to their batteries too. The biggest problem right now is getting enough batteries to make recycling viable. Most are still in the cars (including my 13 year old Nissan Leaf).
The media will just say the price is going down because they can’t sell them 😂
How does that help or profit the ev makers
@@Sadenaike1it doesn’t. Since when has the media wanted to help EVs?!
Ford just set an EV sales record. Don't get left behind...
Actually the logic is true...if production is high and demand isn't sufficient, there will be pricecuts to push the products into market
@@lordofsevenrealmsand force your own company to go bankrupt? 😂 Your logic....
of note. not only new car prices are coming down but battery replacement cost as well.
always enjoy the VIKING updates. Coming from Dallas TX.
Great info. You mentioned "Carbon Capture is not doing its job". As an engineer, I looked at CO2 and was dumbfounded. CO2 makes up 0.04% of the air we breath. When it drops to 0.02% plants start to die. At 0.01% massive vegetation die off happens. During the Jurassic period, CO2 levels were 0.16%, this is 400% higher than today. Life thrived.
10,000 yrs ago Canada was covered by a glacier 2 miles thick. It melted, massive climate change. It had NOTHING to do with pickup trucks. Moving away from ICE to EV's is smart, we only have one atmosphere, and I like to breath clean air. But CO2 is not the enemy...
As a retired commercial greenhouse grower we use to run co2 levels at 1200 ppm to maximize production,
@@Sparkyoleano It is a contained environment and the nutrients are sufficient to help the plants make use of the extra CO2.
Do some research beyond a green house. CO2 is the earths thermo regulator.
CO2 is the earths thermo regulator. Life will thrive under many different circumstances but 8 billion people are dependent on the stable environment we arose out of.
@ unproven theory that has been debunked
@@Sparkyoleano Well then, debunk it in a clear well articulated fashion.
It's crazy what we're going to see in the future. Flying cars, and floating buildings in the sky.... I can't wait!
Imagine if you produced a simple 1980s car with an electric motor and battery.
Teslas are simpler than cars in the 80s, at least by part count. Not sure what other metric you want to use but part count is probably the best one.
@@diamond_h0usthe individual parts are much more complex, though
Great idea
Electric junque!
@diamond_h0us you are joking. All the computers/sensors . The amount of wires and needles gadgets.
XAI951x is the gem of 2024 it's literally owned by Elon Musk
When new EVs are on forecourts for under 20k, then I'll consider it worth my attention.
China is making cars this cheap daily
Used are under 10000
Ya, check out the used market. For 20k, you can get a car that's less than 50k miles on it.
Unfortunately the current administration put a 100% tax on them and the incoming administration is raising the import taxes more to keep them too expensive for you.
I do not think it will happen in the EU or US, even if EV prices in China fall below $10K. I foresee the opposite situation: ICE prices in the EU and US will continue to skyrocket due to declining production and reduced economies of scale.
all the surpluss of batteries can be used for the grid
I know it may relate more to current EV incentives in the US but EV lease deals in the US currently are below the ICE equivalent. Example: Honda Prologue lease $0 down, $199 month for a $50k car. If an EV works for you and you need a car now or in the near future now is the time before incentives go away.
Yes, you can lease a Ioniq 5 SEL for $230/mon, $4k at signing, 24 month term; that’s less than a $10k outlay (+tax etc) for 2 years of driving. I love a good fire sale…opps.…Let’s use going out of business sale instead. 😅
This is great news and hopefully EV prices will continue to go down in the future.
Excellent discussions in the comment section - you're all amazing !
Great Information! Thanks from Austria!
Lemme get CATLs FreeVoy hybrid salt battery🧂🔋! A La Carte for conversions! I'll mule it myself across the northern US #OpenBorder!
Can't believe I almost missed out on Cardano and XAI951x! Thanks for the heads-up in your video!
Great that's how markets are supposed to function, provide supply until margins are getting close to cost
Yep hear that on every video posted, it’s not game set match until it’s implemented and available to the public at an affordable price for everyone, not just new car buyers. The technology takes time to filter down and will be many years before all consumers benefit.
Imagine this: you’re sipping coffee on a balcony overlooking a city skyline or lounging on a pristine beach, all while your investments are working their magic. With copytrading, you can finally pursue your passions, travel the world, and create unforgettable memories with your loved ones. It’s all thanks to the power of copytrading and the life you’ve always dreamed of!
Celebrating a $600k stock portfolio today. Started with $60k. Invested wisely and now have time for my family and future. One of the benefits of copy trading.
I’m curious, do you have a professional broker who helps you with your investments? If so, I’d love to learn more about how you work with them.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
It seems to me that there's a bit of an Osborne problem here: the longer you wait, the cheaper and better the product will be. So there's probably a lot of pent-up demand waiting for technology to mature--and when it does, floodgates will open. Even now, it doesn't make much sense to buy an ICE family car.
Been saying for the last 2-3 years I will wait to around 2025 to buy an EV, but now Im thinking it will only get better and cheaper beyond 2025...so now sitting on the fence again haha.
the battery failure is the reason to buy ICE & only ICE. Perhaps a hybrid for city driving.
Only reason really. Oh the Saudis are cutting the price of oil. So there's a reason to NOT buy a car with a known $20K+ repair bill in several years.
Not surprising, we've seen this before with technologies like Photovoltaics, wind, etc. and the experts have predicted this trend in batteries. what they also expect and we haven't really seen yet are the cost savings of the raw battery materials recycling old car batteries back into new car batteries, mostly staying in the car production cycle and hopefully reducing the environmental footprint of mining raw Li, Co and the like. This all makes more sense than trying to regulate or "drill baby drill" approach to try to artificially depress and subsidize the costs of a finite resource.
I just bought 8 340ah batteries for less than a year ago I bought 100ah ones for more money. And they are 8000 cycle ones . It was that cheap I thought it was a scam 😊.
Bought XAI951x after watching your video, super excited!
Add UHDC lines.
Neighborhood & small town sized, networked SWBs = VPPs. Energy security.
Where are all these sub 300 dollar 5kWh server rack batteries then?
Are you using the cell price and expecting that to work out. That said there are some around 380-450.
@nfzeta128 Where are those? Even the cheap EG4 ones are 1200 bucks. You can sometimes get sales that bring some weird cheap junk just under a grand. 500 bucks is unheard of.
Finally . . . Sam with some good news for a change. ;>)
Consider that parts on ICE vehicles go UP EVety Frunkin’ year…
At $53 per kWh is it economical to make battery powered container ships now?
Fuel cost is about 60% of the operating cost for a container ship. To switch over from expensive oil to cheap electricity would give battery powered container ships a massive advantage.
Not gonna happen in the next 10 years. Probably not the next 20. Batteries only work in small boats with small ranges today. Still need a Big improvement in battery cost and energy density. Then consider the time required to charge 5000 tons of batteries and the port that can do it for 10 ships at once (in port nuclear reactor?... that bit isn't so far fetched if the politics goes away and you stretch to 30 years). Check the yachting industry if you don't believe me. They'll try anything as there is no practicality or monetary issues for billionaires (H2 yacht anyone? Seriously, some doofus built one to go back and forth to the dozen ports in the world that support it). But all electric yachts... nope... nothing of any size and even they hedge against the battery with sails and the like.
Better off with Nat gas for now as a stop gap.
Converting my 7ton truck is looking more feasible by the week
Bought XAI951x after watching your video and others, super excited! 💰
It all makes grid storage batteries more and more viable
It is called economies of scale. That is what we want.
Once battery prices drop another 50% to about $25 per kWH we’ll see an explosion of BEV sales. We just need the charging infrastructure in place to handle the added cars especially in apartment complexes.
Aptera will be built for apartment dwellers. They get up to 40 miles per day just on solar.
@@mpetty9947 Aptera will always be novelty car with a small but perhaps dedicated following.
@@mpetty9947 I hope they do build them. Currently they raise capital and say that they will.
Great stuff. Better to invest in R&D than stock buybacks. Unless you're a CEO.
Let's hope people without solar power will be still be able to charge them in Australia :)
The Toyota claims about a lithium shortage were a "farcity"??? (14:10) Not just a farce. NO! A downright FARCITY! 😝
Charging stations need to be managed better. It's a bit wild west out there. Ev's make ICE cars obsolete for basic transport.
I wounder when that pricing will ever make it to other countries. PH prices for EVs make them seem like executive cars…
We installed 38.4 kWh of stacked HomeGrid batteries for our whole house solar system last December 2023. Around $23k plus installation. They are pretty good but not big enough to carry us through the darker cloudier months of December and January (we have electric heat pump heating). I would love to add a second stack but for that would need to see prices come down substantially. So this gives me hope.
Ehst you feel about not waiting an other 18 months and you could have got 65kwh for same price ?
That the problem woth that tech
First Elon bought X and now he launched the XAI951x token this year is crazy
You called it a month ago and now XAI951x is blowing up glad I listened
Wonderful journey to be on :)
I'd be surprised if it didn't happen sometime next year.
Soon ICE car makers will start complaining about EVs being to cheap to produce, and request an extra tax on the EVs.
Will BYD continue to make the Blade 1.0 when the Blade 2.0 comes into production, or will it be a brand new factory making the Blade 2.0?
Wow, prices have come down a lot. But a drop from $95 to $53 is a drop of 44%. How was that 51% calculated?
Look how much lithium prices have come off. 80% from the peak from 2022.
Let’s hope home batteries will soon become affordable. In the UK, battery storage is the big missing piece in the equation and people are ‘selling’ their solar output at a minuscule price to the energy utilities rather than storing it for use at home (or locally). Currently home batteries here are still quite expensive but slowly coming down in price. UK home solar systems are relatively flawed in that there is a strong grid-linked philosophy to the extent that during grid power outages, everyone’s solar inverters shut down (this is a requirement) and they have no off-grid capability. I have bought a large power pack for this eventuality (which is increasingly common due to now frequent storms) which I charge with separate solar panels to my main bank
Electric cars are already cheaper if you count the subsidies. A model Y in America costs about $35K minus tax if you qualify for the subsidies
Duh, just who pays for the subsidies? You do, and others who surrender money to governments.
@@tomtd nice thing is when the battery dies you can just leave it somewhere.
Scrap car in ten years.
Battery industry is starting to remind me of the cutthroat computer memory manufacturing industry. When Japan entered the market, the shakeouts were legendary and the price of computer memory (RAM) fell precipitously.
The future is Bright.
I agree, when they catch❤🔥😂
The potential of XAI951x is unreal! Excited to see where this goes after watching your video!
Keep up good work Viking
Great vid brother
Glad you enjoyed
Love your reports. ICE car companies don't have to go bankrupt if they raise their prices and find customers who oppose EVs. Further making EVs relatively cheaper.
For those who're looking for storage batteries,me included, there will be a glut of those in 3-5 yrs due to a huge number expiring from EVs and recycled into energy storage market.
You can't simply base price on capacity. The part of the price that csn drop that way is the profit. Raw materials and to some extent production have a fixed cost. If you build a second assembly line the cost to run the lines doubles along with the output. You cut profits to find more market.
On point Sammy.
The average US gasoline price is now $3.02 per gallon, not $3.88.
Battery pricing is not the real issue that most folks bash evs for. It is the pathetic charging network and the realistic range especially if you buy an ev truck for truck things. They just aren’t getting the job done. They need to work on making the products better and make owning one better, instead of trying to get me to buy what hasn’t been working just because it’s a little cheaper.
And as an added bonus legacy corporations of many types are going out of business :) After decades of shafting us and making billions. Something to look forward to atleast in this economy.
So after 2 years you'll have to replace them right? How much is that going to be.
And it will all be powered by cold fusion in as little as ten years. rah rah hurray. I've heard it all before.
If you had a 100 KwH battery pack, it would cost $5,300 USD? So, shouldn't the prices for Tesla Model 3 and Model Y continue to go down? Since the majority of the cost for the cars is the battery? Please let me know if I am wrong.
There's no going back. Fossil fuel power is dying fast now and accelerating.
Here's what will happen in the next decade:
1. Overcapacity
2. Energy Surplus
3. Free Hydrogen w Surplus Energy
4. Car market crashes due to EV's longer lifespan + inflation
5. Battery sales replace car market revenue losses
6. Humanoids destroy jobs
7. People buy a humanoid and become farmers
3. You will NOT see free Hydrogen in any meaningful quantity. The surplus energy will go into batteries, pumped hydro, compressed air... etc. Gross overcapacity will be mothballed... though the market is currently voracious. Companies that give things away due to inefficiency go away fairly quickly. Free Hydrogen was a myth spread by Nikola... before its CEO went to jail. Hydrogen prices have been going up as H2 cars have nearly disappeared. (Its also very expensive to store, ship and distribute.
You might also add that the low price of automated taxis will also eat into the car market.
7a. On Bill Gates’ farm
there's no 'longer life span' due to the batteries shorting out.
Same for 'energy surplus'. Most solar arrays are a push as far as 'making money' feeding overage inti the grid. The utilities like the monopoly they have. It won't change in eight decades. Never mind just ten years .
Cheaper EV no use in a country with almost no charging stations. That said I’d buy more batteries for my home in a heartbeat. However, domestic battery prices have hardly budged in 3 years.
Wondering why home batteries haven't reduced in price, like Powerwall, when expected car batteries will?
Maybe manufacturers outside the US will push on savings to the customer, but not in the States, they are way to greedy.
womp womp, you wont see anything like that anywhere. Most of the companies that are selling EVs in China are going under. The rest are not making enough to really run their business as the state is removing many of the extra money they were given. China also lost a lot of IP as the west stop proving it for them to take.
The only problem is if you have to replace your battery in the United States there is no competition you have to go to Tesla and they’ll charge all of the money they can
Quantumscape is going to change everything
now lets see car prices drop 51%.... Kidding!
And yet a comparable EV from China is more expensive than a comparable ICE from Korea.
The narrative said comparable prices when batteries were $100/kWh. Yet at $60/kWh, ICE still cheaper
Releasing an abundance of car models does not necessarily boost demand for electric vehicles; it may instead perplex consumers. It is more effective to maintain consistent models while annually enhancing the battery. Advances in battery range and charging times are what truly drive the sales of electric vehicles.......
This is the reason why I currently won't buy an EV and will continue to lease for the time being. That way, the risk of higher depreciation due to technical development over the course of the lease is on the leasing provider, not on me.
I said from the very beginning that if I had to pick a year of when EV's will be cheaper than ICE, I picked 2027. I still hold that opinion.
Sodium Ion batteries will replace Lithium Ion for stationary storage by then, further lowering Lithium Ion batteries prices. And Lithium-Sulfur and Solid State will start to come in EV's just before 2030, meaning that low cost EV's will use the cheaper "old" Nickel based or LFP chemistries of today.
you still have to have the power and infrastructure to charge it
We need to redo the whole power grid at this point. Ai needs unlimited power. The future is electric. The Kardashev scale has showcased its importance for 90 years now. We not even type one yet💀 But at least things are starting to happen
I was travelling about 200 miles a day or less but not always able to get home so ended up usually in a travel lodge or similar usually without a visible charging point so having a long electric range was a necessity. With the range of the diesel I did not have to worry about it. Don't get me wrong I was working for a solar panel company and would have loved to have turned up in an electric car but it just was not practical. As an engineer I don't really care what I drive as long as it's reliable and gets the job done. I am looking forward to the day I can hook up and electric car with v2g to my house and lower my bills and visit my friends in Cornwall without having to plug in. The technology is getting better it's just not mature yet leading to low resale values. There are some bargains to be had in the UK market at the moment but these are more to do with manufacturers dumping stock to avoid fines and are yet to be on a vehicle I would want.
I want to get one of these better batteries in my 2022 Kia EV6.
excellent
Thank you! Cheers!
Is it a game changer?
You do realize that a drop from 95 to 53 USD is not a 51% drop, do you? In reality, price dropped by 44%.
Blame Bloomberg accountants
Moore's law😅
China's incredible efforts toward efficient battery production and development are so far ahead, but no-one seems to want to pat them on the back, even though its great for future consumers and the environment..
That’s because it’s difficult to discern what’s numbers from China are real and what are not
Soduim ion batteries at less than N$30/kg.. looking forward to that day..