How Long Before Electric Car Prices Match Gas-Powered Ones?

According to the prevailing trend of climate change, the left is pushing on everyone, the world as we know it will end in another 11 or 12 years. Or is it eight or nine? It’s hard to keep up with all the “facts” being thrown about.

No matter the case, one of the main concerns to the environment is our fossil fuel-powered transportation, as they directly affect the amount of carbon in our atmosphere. The solution, as far as the progressives feel, is to get rid of all gas engines and replace them with electric alternatives. And if all the hype about climate change is actually to be believed, this solution would drastically cut down on our carbon footprint.

However, the problem is that while electric cars do already exist, they are far more expensive than their gas-powered counterparts, even after you figure in the constant need to purchase fuel and oil. And not everyone has a trust fund they can use to buy the newest Tesla to come out. So if environmentalists and the left want us all to be driving rechargeable cars, then they are going to make sure there are affordable options for those of us who don’t have loads of extra cash laying around.

But therein lies another problem. One of the most expensive components of the electric vehicle is its battery pack. In fact, it amounts to about a third of the car’s total price. And as just about everything does, we assume the cost of these will go down as the market forces it to be more affordable for everyday Americans.

The question is: when will this happen?

As we mentioned before, New York Representative Alexandria Ocasio-Cortez and her Green New Deal advocates, such as presidential candidate Bernie Sanders, have stated that things need to change within the next ten or so years to avoid the apocalypse. What if prices can’t be brought down by then?

And according to a new report from the MIT Energy Initiative, the price of these batteries may never really come down.

The report “warns that EV (electric vehicles) may never reach the same sticker price so long as they rely on lithium-ion batteries, the energy storage technology that powers most of today’s consumer electronics. In fact, it’s likely to take another decade just to eliminate the difference in the lifetime costs between the vehicle categories, which factors in the higher fuel and maintenance expenses of standard cars and trucks.”

It states that the problem “is that the steady decline in the cost of lithium-ion batteries, which power electric vehicles and account for about a third of their total cost, is likely to slow in the next few years as they approach limits set by the cost of raw materials.

As executive director of the Mobility of the Future group at MIT Randall Field says, “If you follow some of these other projections, you basically end up with the cost of batteries being less than the ingredients required to make it.” And that poses a real problem. No company in their right mind would produce an item and sell it for far less than it costs to make it. As Field, says, “We see that as a flaw.”

Naturally, the solution to the problem would be to use another kind of battery instead of lithium-ion. Solid-state batteries are the best option for this and would even solve some of the most common problems with EVs. However, they are pretty much only reality in labs at this time. Toyota is the closest to having a working model of one and plans to announce a new solid-state battery-powered car for the 2020 Olympics.

Insider Car News says, “For the 2020 Olympic Games, Toyota will show off a technology showcase that will include a solid-state batter car.” And they continue, “They could potentially solve most problems with electric cars, like long recharge times, lackluster range, etc.”

But they warn to not “expect one to hit the market soon. Toyota, famous for being meticulous in its production standards, says one won’t be ready until about the middle of the next decade.”

And even then, it will likely be far more expensive than the standard car or truck is and need at the very least another decade to become anywhere close to mainstream. At this rate, AOC won’t ever see her Green New Deal in action. Too bad.

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