Israel based battery startup StoreDot has partnered with electric vehicle company Polestar (NASDAQ: PSNY) to develop a rapidly charging silicon based battery.
2: goddamn are 1st and 2nd gen EVs gonna depreciate hard. Can’t wait to buy a taycan for $5 in 2028
I dunno. At the current rate, 2028 new EVs might be a million dollars and old ones will retain their value. I hope I’m wrong, but holy shit are new cars expensive.
As the owner of an EV, I’m a bit worried about depreciation.
As a parent of several children who will be going away to college and likely need cars when they do, I’ve been making mental guesses about how long it’ll be before one of them gets an EV when that happens, because it’s much cheaper than ICE equivalents.
The one that’s going in 3-years? Possibly. 7 years? Quite likely. 11? I’d be shocked if they didn’t leave home with an affordable used EV.
If you are wondering why every legacy automaker is seemingly acting bizarre and illogical, this is why.
What happens when every car on that list casually does 300HP with 1000 mile range? With innovations in battery and fabrication (i.e. gigacasting), will EVs be more difficult or significantly easier to develop than ICE? What happens to profit margins then?
The past 100 years have no hold over the future 10.
Mass production is still a huge hurdle for startups and a reason legacy automakers won’t be going away anytime soon. You can get some engineers and fabricators together to develop a new EV, but they’re going to need massive investments that can withstand several years of losing money to get it off the ground and produce any meaningful number of vehicles.
OP is also completely ignoring that just like every other battery “breakthrough” you see on the internet every week, most likely this one is too expensive, doesn’t upscale, or most likely, both.
I dunno. At the current rate, 2028 new EVs might be a million dollars and old ones will retain their value. I hope I’m wrong, but holy shit are new cars expensive.
Production: Before the decade is out new EVs will be cheaper than used ICE vehicles and have comparable or better specs.
As the owner of an EV, I’m a bit worried about depreciation.
As a parent of several children who will be going away to college and likely need cars when they do, I’ve been making mental guesses about how long it’ll be before one of them gets an EV when that happens, because it’s much cheaper than ICE equivalents.
The one that’s going in 3-years? Possibly. 7 years? Quite likely. 11? I’d be shocked if they didn’t leave home with an affordable used EV.
What makes you say that? Newer EVs are getting cheaper and cheaper. Just look the Citroen e-C3 for example.
In the context of where I live. EVs and new cars in general are horrifically expensive in Canada.
If you are wondering why every legacy automaker is seemingly acting bizarre and illogical, this is why.
What happens when every car on that list casually does 300HP with 1000 mile range? With innovations in battery and fabrication (i.e. gigacasting), will EVs be more difficult or significantly easier to develop than ICE? What happens to profit margins then?
The past 100 years have no hold over the future 10.
Mass production is still a huge hurdle for startups and a reason legacy automakers won’t be going away anytime soon. You can get some engineers and fabricators together to develop a new EV, but they’re going to need massive investments that can withstand several years of losing money to get it off the ground and produce any meaningful number of vehicles.
The Taycan is a great car and always will be. Maybe it does not have the range of a car from 2035, but it has lots of other good features.
OP is also completely ignoring that just like every other battery “breakthrough” you see on the internet every week, most likely this one is too expensive, doesn’t upscale, or most likely, both.