Submitted by EagleEyes_009 t3_10pwejr in technology
Scott4370 t1_j6mmi0p wrote
I’ve always heard that there were less parts in an EV and the drivetrains were less complicated. So why do they cost more than an ICE vehicle?
Ninja_Gandalf_Cyborg t1_j6mt1ch wrote
I think the battery is a large part of it. Since they're much less energy dense than gas they take up the entire bottom of the car.
MerlinsBeard t1_j6n88uw wrote
Supply and Demand. People are willing to play an inflated price-tag for them so there is no incentive to drop prices unless an external force (competitor, depression, etc) forces the drop.
From a purely materials standpoint, batteries are the issue. AFAIK, the battery alone in a Tesla is ~$13k mostly due to how expensive the materials (cobalt, nickel, lithium and manganese) are.
UrHellaLateB t1_j6o553s wrote
Keeping EVs inflated means the majority of car buyers will still opt for ICE for cost savings.
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