Electric vehicles will always be more expensive than equivalent internal combustion-engined cars, according to American Honda VP of business and sales Dave Gardner.
These tests are increasing in scale, with Honda having announced that it will be investing $310 million into an experimental production line project to evaluate the mass production of solid-state batteries.could diminish the cost reductions already made on lithium-ion batteries, which began at US$1,200 per kWh, driving down to US$132 per kWh in the past decade.
Further cost reductions in batteries will have to come from cheaper raw materials rather than improved efficiency from the battery itself, and with the aforementioned supply chain issues, raw materials for batteries are not likely to be found. This means that the present day prices for EVs might be as low as they can currently get, and with that in mind, Gardner’s view that solid-state batteries will be the turning point crossing the price-per-kWh threshold could be likely, according to the report.
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