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

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.

Comments

Re:I hope so

[DogDude]

I'm a libertarian, who will most likely vote for Trump

Fuck you, asshole.

Re:Peak battery

[Anonymous Coward]

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.

Re: Li-On batteries

[Chuq]

I'm just glad a petrol powered car has never caught fire before.

Already cheaper, if you like fast cars. . .

[Idou]

The Nissan Leaf is one of the cheapest cars you can get that can blow away most other cars when accelerating from 0 to "legal in-town speed."

If your commute involves stop lights and changing lanes, it is super fun to drive and a bargain. The general public still seems oblivious to its acceleration, which adds to the fun when you quietly blow past them when they try to cut you off in a "funny looking car" (while their ICE wails in futile protest. . .)

Re:what point? Libertarians vote fasist

[PopeRatzo]

Trump is just the outcome of leftist policies

You've gotta admit, people who will blame absolutely anything and everything wrong in their lives on Obama and the SJWs are nothing if not consistent.

"I have to vote for the fascist flim-flam man, because Obama and the SJWs have just pushed me too far"

There must be some small part of you that feels ashamed.

Re:Peak battery

[ShanghaiBill]

So you'll limit the car pool to 2 millions car ?

No. GP is mistaken. There are not 22 million kg, there are ~22 million metric tons, or a thousand times as much. So the limit would be 2 billion cars. But there is an additional 230 billion metric tons of lithium in the ocean, enough for 20 trillion cars.

Re:Li-On batteries

[Dutch Gun]

Lot's of Li-powered cars already have. I don't understand why you Republicans hide the truth about how dangerous they are. Your kind puts profit ahead of people.

Okay, as a Republican, I'm sort of torn on this. Yes, I want the environment to be destroyed and for the world to choke in smog, but I also want to lovingly protect our billionaire businessmen and cartels who are producing these ultra-dangerous battery powered cars that may catch on fire. (nice!) The probably is that these things might inadvertently save the environment. (noooooooo!)

Maybe we can figure out a way for these electric cars to burn oil in some secondary capacity... Then they'd be perfect!

Re:what point? Libertarians vote fasist

[PopeRatzo]

However, with the constant childish name-calling, spite-filled, intolerant, unadulterated hate that comes from the extreme left-wing in this country, I would never ever identify myself as a "progressive". What the left has become is to spit in the face of what true liberalism is about and many rational nominally left leaning people don't want anything to do with it.

There's a difference between those excellent points and blaming "Obama and the SJWs" for the milk going bad.

Donald Trump is not the outcome of leftist policies. He's the result of a major political party riding the tiger of talk radio shock jocks who are all trying to be more horrible than the next one and calling it "talking tough". It's the result of the Southern Strategy, it's the result of creating a victim mentality among white working class people, convincing them that they're being oppressed. It's the result of a cheapening of discourse and the stoking of irrational fears - of xenophobia and plain, old bigotry. It's the result of the "bully effect", where weak-minded people feel empathy toward the strong papa-figure, as long as he sounds sufficiently like a hard-ass. It's the result of a fascism that's been dormant in the US for over a century and a half and really started to flower in 1980. The 20th century was stained with rivers of blood from what happens when that sort of ugliness takes hold in a portion of a society.

Don't blame some stupid college kids or feminists for the rise of the first candidate in decades that's been embraced by actual white supremacists and Nazis.

http://www.theguardian.com/us-...

Re:Peak battery

[AmiMoJo]

Maths fail.

The Panasonic cells used in Tesla batteries are rated for 3000 cycles (80% capacity remaining). A full charge gives you 300 miles range. 3000x300 = 900,000 miles, or about 3x what a modern petrol engine can do before it needs replacing.

Tesla have actually tested up to 750,000 miles with 86% capacity remaining, as you would expect based on the maths. Similarly, taxi companies running Nissan Leafs at 150,000 miles are seeing >90% capacity remaining, as expected.

Chances are that most EV batteries will outlast the car by a long way, and find use as home backup/solar smoothing packs or replacements in other vehicles. Eventually they will be recycled, because they are very recyclable.