What is it about the battery on EV cars that makes them so expensive.
Initially it was production costs, hence why cheaper EVs in 2015 came with very small sub 30kWh packs.
Now prices remain high because manufacturers have to recover R&D + investment costs.
Battery+motor manufacturing lines are totally different traditional lines so you need to retool and retrain.
However some brands like Hyundai/MG are willing to sell their EVs at near cost neutral/no profit to get market share.
Where as brands like Tesla/Porsche are trying to hit high profit margins. Our Tesla cost £75k in 2016, the same car today is nearly £100k. The car today has a bigger battery but no where near £25k worth- more like £5k, but Tesla need profit so are willing to test the market at high margin prices.
Overall though battery production globally is still limited and EV demand is out stripping supply, so prices aren't likely to come down any time soon

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