The maintenance cost and future price advantages of electric vehicles before gas-powered cars could be more than offset by their rising insurance premiums. Repairability has to be baked into the EV production cake now.
An electric motor is SIGNIFICANTLY more simple to produce than an entire internal combustion engine. There are far fewer moving parts on an electric car than a gasoline one.
The battery is a significant cost, but not all cars need to have 300 miles of range. It is also possible that once the market is saturated (i.e. - several decades), that recycled battery packs will be cheaper to produce than batteries built from raw materials.
The major reason why electric cars are so expensive right now is because there are far fewer of them, and the ones that are being made have a target market of an upper-middle class household. They’re luxury/status symbols as much as anything else. Secondarily, there isn’t a large used electric car market yet.
There is a large potential for cost reductions. Assuming technology continues to improve, electric cars will drop below the price of gas and diesel for everyday driving. Internal combustion engines will most likely be reduced to specialty vehicles.
Also, as we realize that we don’t need 400+ miles of range in a commuter car, cheaper battery chemistries make a lot of sense, despite their shorter range per kg or lb
Most people want a car that can do everything they need a car to do. As otherwise they have to buy a SECOND car that can perform the jobs the first car can’t. At that point people look at their finances and wonder why they have the first car at all, that first car has a monthly payment, insurance, and repairs. It would be so much cheaper to ditch it and just have the car that performs all the functions.
Car rentals are expensive and time consuming affairs. This ‘solution’ is worse for the vast majority of people who currently own cars. It’s why you don’t see people doing it.
An electric motor is SIGNIFICANTLY more simple to produce than an entire internal combustion engine. There are far fewer moving parts on an electric car than a gasoline one.
The battery is a significant cost, but not all cars need to have 300 miles of range. It is also possible that once the market is saturated (i.e. - several decades), that recycled battery packs will be cheaper to produce than batteries built from raw materials.
The major reason why electric cars are so expensive right now is because there are far fewer of them, and the ones that are being made have a target market of an upper-middle class household. They’re luxury/status symbols as much as anything else. Secondarily, there isn’t a large used electric car market yet.
There is a large potential for cost reductions. Assuming technology continues to improve, electric cars will drop below the price of gas and diesel for everyday driving. Internal combustion engines will most likely be reduced to specialty vehicles.
Also, as we realize that we don’t need 400+ miles of range in a commuter car, cheaper battery chemistries make a lot of sense, despite their shorter range per kg or lb
Most people want a car that can do everything they need a car to do. As otherwise they have to buy a SECOND car that can perform the jobs the first car can’t. At that point people look at their finances and wonder why they have the first car at all, that first car has a monthly payment, insurance, and repairs. It would be so much cheaper to ditch it and just have the car that performs all the functions.
In that case, why not just have no car at all and use a bike or public transit and rent a car when you really need one?
Car rentals are expensive and time consuming affairs. This ‘solution’ is worse for the vast majority of people who currently own cars. It’s why you don’t see people doing it.