We Should Not Expect The Price Of Electric Cars To Drop In The Coming Years

VD April 04 2022

Mercedes-Benz has been investing in EVs for some time now, but they are still not as cheap to produce as their gas-powered counterparts. The company is restructuring how charging networks operate across Europe and starting production on more electric models. However, there may be a few bumps along the road before prices drop enough that these cars can compete with conventional fuel-burning vehicles on an equal playing field.

The cost of an electric car’s batteries has been decreasing recently, but it's not enough to make up for what you pay in other areas. For example, a battery pack that would provide the same power as internal combustion engine (ICE) engines now costs around $50 per kilowatt--which is still much higher than comparable ICE prices at their peak years ago! "With current chemistries," says Markus Schafer,-" coming close to matching gas guzzler numbers just isn't going happen."

The battery technology needed to reach price parity with the production cost of major ICE components is still years away. However, some experts believe this could soon change as new advances are made daily in laboratories all over the world
- including Japan  As for now though there's no sign that any progress has been achieved yet and it seems like we'll have more hot air than electric cars coming out from behind bars.

He's got a crystal ball and can see into the future. "It will very much depend on mining capacity for raw materials," he says, but even with this knowledge it isn't easy to predict what is coming next because there are so many factors that make up our society today - such as how many electric cars each country makes or exports- which ultimately dictate whether we have enough Li particles available at any given time."

Lithium is the new gold. It's valuable not just because it has industrial applications, but also as an ingredient used in batteries for electric vehicles and other technologies that are becoming more popular everyday items than they were before. The problem? Though there have been large steps towards reducing costs through economies-of-scale manufacturing processes when you look at total global production levels; one big downside right now - especially considering how quickly these resources pour out--is what happens once we mining them: getting enough material onto our plates (or hills) so nobody runs low during peak seasons or anytime soon.

"We're not going to see a decrease below 100 US dollars or Euros per kilowatt, that might take longer. The chemistry is honestly what it's going be with these ingredients we have today...there isn't an affordable Mercedes-Benz EQA SUV yet."