<
https://www.bloomberg.com/opinion/articles/2024-03-27/china-s-ev-market-and-byd-show-the-future-is-already-here?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxMTYwNDkyMiwiZXhwIjoxNzEyMjA5NzIyLCJhcnRpY2xlSWQiOiJTQjBWS0hEV1JHRzAwMCIsImJjb25uZWN0SWQiOiIyQUU2NkEzRDc2MzA0MkRBQjgwMzI1NDBBOTQ4OTAyOCJ9.LSiB1t71Ms8QcsUb4Lh7vbrSVTuX_FgdEmOpIEeH5xc>
"Forget everything you’ve heard about how electric vehicles are running out of
charge. In the biggest car market, they’re on the brink of victory — and the
rest of the world will soon follow.
Battery metals such as lithium, nickel and cobalt are down by, respectively,
80%, 30%, and 25% over the past year. The cells made out of them are heading
the same direction, with Goldman Sachs Group Inc. predicting a 40% drop in pack
prices between 2023 and 2025, putting the global average well below $100 per
kilowatt hour.
That’s a level that carmakers have long viewed as analogous to the
technological singularity, the point where AI theorists believe machines will
irreversibly take over. Below $100/kWh, electric vehicles will be cheaper than
petroleum-powered counterparts to buy as well as run. The days of the internal
combustion engine will be strictly numbered.
In China, the future has already arrived. Six of the 10 best-selling cars in
February came with a plug. Wang Chuanfu, chief executive officer of
market-leading EV-maker BYD Co., expects half of all cars sold by the middle of
the year to be either battery or plug-in hybrid. You might feel tempted to
dismiss that as an executive’s customary bullishness, but the China Passenger
Car Association, an industry group, expects such new-energy vehicles to already
comprise nearly 46% of sales this month."
Via
Fix the News:
<
https://fixthenews.com/good-news-malaria-india-tolerance-africa-deforestation-brazil/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
