Bloomberg Predicts EVs Cheaper than IC Engine Cars Within 10 Years (computerworld.com)

Posted by timothy on Friday February 26, 2016 @01:32PM from the well-there's-already-a-big-overlap dept.

Lucas123 writes: With the price of lithium-ion batteries continuing to plummet, already dropping 65% since 2010, electric vehicles will become cheaper to own by the mid-2020s, according to a new report by Bloomberg New Energy Finance. The report also forecasts that sales of EVs will hit 41 million by 2040, up from 462,000 in 2015. By 2040, EVs will make up 35% of new light-duty vehicle sales, even if the price of crude oil goes back up from $33 today to $70 in the future. The adoption of EVs will displace about 13 million barrels of oil per day by 2040, when the clean-energy cars represent about one-quarter of cars on the road.

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Re:Peak battery by Anonymous Coward · 2016-02-26 14:06 · Score: 5, Interesting

Ummm the Lithium is recycled. It comes down to the economics between cost of cycling compared to cost of getting it out of the ground.
Tesla seem adamant that recycling will end up cheaper source of lithium than mining will.
Also Lithium isn't the cost inhibitor and never has been. Lithium has gotten way more expensive in recent years, while lithium batteries have dropped massively in price. The lithium itself is a very minor part of the cost.
There are only 10kg of lithium in a big car battery, there are 22 million kg's of known lithium reserves. I doupt there will be a problem with lithium shortage for a long time.