Submitted by EagleEyes_009 t3_10pwejr in technology
MerlinsBeard t1_j6n88uw wrote
Reply to comment by Scott4370 in Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead by EagleEyes_009
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.
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