Jump starting sales

[Blue highway]

#1 would be lower prices, which takes lower costs, which takes much cheaper batteries since that's the biggie.

Some of that should come after Ford opens their domestic battery plants in the next couple of years. But cheaper battery chemistry/tech is what is will take to wipe out the EV cost premium.

... maybe. If anything, the compound decrease in battery cost seems to be hitting a floor. They are getting cheaper... but not a lot cheaper.

Sponsored

 

[dbsb3233]

... maybe. If anything, the compound decrease in battery cost seems to be hitting a floor. They are getting cheaper... but not a lot cheaper.

Yep. Some of the staunch EV supporters a few years back kept showing the rate of cost decline in the 2010's and assumed it would continue. Putting EVs on par with ICE in a few years (MSRP), especially with higher volume and economy of scale. Instead, battery cost decline hit a wall. It's been mostly flat this decade. The shift to more LFP helped some in 2023 but it's still usually a 5-digit $premium vs a comparable size ICE (before tax credits, if any).

Quite a ways to go still.

 

[RyanMME]

I do own my own house and installed a Level 2 charger. But electricity rates as well as misleading "special EV rates" from my electricity provider (the only one) PG&E have gone up so high, I went back to a gasoline powered vehicle after my buyback was approved.

The special EV rate was advertised as $0.27 cents per kwh during off peak hours. But what PG&E omitted was the additional "delivery charge" of approximately $0.08 cents per kwh, making the real price $0.35 cents per kwh.

An increase this year makes it $0.45 cents per kwh during off peak hours, and PG&E is asking the state utilities commission for permission for another rate hike.

I was going to replace my Mach-E with an Ioniq 6, but instead went with a 2023 Hyundai Sonata Hybrid Limited. 51 mpg makes it cheaper to drive than a Mach-E, at least in California.

Did they agree to buyback because something was wrong with your car?

 

[Ruben Anthony]

Did they agree to buyback because something was wrong with your car?

HVBJB failed three times. California lemon law gives manufacturers two attempts to have their service departments to fix a safety issue.

Ford skips litigation and will do a buyback after a review of the service paperwork and determines it meets the requirement.

Sponsored