Quote from: Birdseye on September 30, 2025, 21:46:40So what I don't understand is : Why if LFP batteries are 0.04/Wh = $40/kWh, then our ID.4 battery of 82kWh costs $3,280, but the whole car costs $60k? Wtf? Why - something doesn't tally. An ICE engine costs more than the battery, so there already is / SHOULD BE price parity. As per usual car manufacturers cry that there is no margin, maybe reduce those ridiculous CEO and sales salaries a bit?!
Those prices are probably quoted for battery cells. And likely those are Chinese prices. In China they do manage to build 'super' cheap EVs with smallish batteries. But in the West a lot of legacy manufacturers are signing contracts with battery makers (LG, Panasonic, Samsung and Chinese ones). Those span > 5 years and mention how many GWh of batteries will be purchased. These contracts do not mention the price for those batteries. But that price is deff higher and might include very expensive insurance. The WV ID batteries are likely build on cells bought on old contracts with very high prices. The Hyundai ionic 5 battery costs 90% of the price of the car itself if bought separately.
Many manufacturers made stupid decisions on post pandemic EV boom. Many expensive contracts were signed in times of component shortages. There were articles on how Fort lost money on every Mustang MachE sold.
Buying an EV today we would overpay due to contracts made years ago.
Only Tesla and Chinese makers can control their battery prices.
If WV got their hands on a cheap Na battery they would still charge just a smidge less than current offerings. Just to balance the books. All those billions sunk into EV/battery development will be passed to the customer.