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Chinese cars are pouring into Mexico — and the U.S. is worried - Autoblog
(www.autoblog.com)
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this post was submitted on 16 Jun 2024
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BYD and CATL have announced that battery prices will be halved again by next year.
They're really ramping up and it will continue.
I don't doubt that batteries will continue to get better and better, and cheaper and cheaper. However, there are almost no new vehicles PERIOD that are sold in the US for $15K. Maybe we'll see EVs for $15K, but they certainly won't have a 350mi range. By the time cheap EVs have that range, cheap cars won't be sold for $15K due to inflation.