Rapidly Dropping Battery Prices, Cheaper Electric Vehicles, & Solar Energy Ahead | Tony Seba

What is the impact of dropping battery prices?

—Dropping battery prices will lead to cheaper electric vehicles, battery storage, solar energy, and cleaner air.
How will dropping battery prices affect electric vehicles?

—Dropping battery prices will make electric vehicles more affordable for consumers, leading to increased adoption and reduced emissions.
What are the implications of cheaper battery storage?

—Cheaper battery storage will make renewable energy sources more viable and reliable, leading to a decrease in reliance on fossil fuels.
How will dropping battery prices affect the solar energy industry?

—Dropping battery prices will make solar energy more accessible and cost-effective, leading to increased adoption and reduced dependence on traditional energy sources.
What are the potential benefits of dropping battery prices for the environment?

—Dropping battery prices will lead to cleaner air and reduced greenhouse gas emissions, as more people switch to electric vehicles and renewable energy sources.

💰 The rush to the bottom in prices for EVs this year will make it almost certainly cheaper to buy an electric vehicle by the end of this year.
🚗 Legacy automakers are now using catl batteries from China in their new EVs due to their great product and lower prices.
🌍 CATL is working on multiple factories around the world and plans to bring the cost of their batteries down by an additional 50%.
🔋 CATL is predicting a 50% reduction in the prices of their batteries by the middle of 2024, making EVs much cheaper to manufacture.
🔋 Tesla's impact on bringing down the price of EVs is good for consumers and the industry as a whole.
💰 The price of an average 60 KW battery pack has dropped from approximately $6,700 to $3,400 in just 12 months, making it probably cheaper to make than an internal combustion engine.
🔋 Tony Seba's prediction of battery prices dropping to $50 per Kow by 2027 is about to happen 3 years early, making energy storage combined with solar a far better solution than fossil fuels.
💰 The cost of lithium has continued to plummet due to the discovery of new sources, putting downward pressure on battery prices and making them even cheaper.

#Abundance

XMentions: @HabitatsDigital @theEVKing @tonyseba

00:00 🔋 Tony Seba's 2014 prediction of $50 per kilowatt hour battery prices by 2027 is likely to happen this year, leading to a rush in EV sales and causing struggles for EV haters.
01:12 🔋 Battery prices are dropping, leading to a bloodbath in the market as companies like Kia and Hyundai are using cheaper Chinese batteries, forcing other makers to follow suit.
02:03 🔋 Catl's market share for batteries increased from 32% in 2022 to 34% in 2023, with plans to further reduce battery costs by 50%.
02:57 🔋 Battery prices are dropping significantly, making electric vehicles much cheaper to manufacture by the end of this year.
04:05 🔋 Tesla and other automakers are lowering the price of EVs, which is good for consumers.
04:32 🔋 Lithium phosphate batteries can be fully charged in less than 30 minutes, with prices dropping to $55 per kilow hour, making EVs cheaper to produce than gasoline vehicles.
06:19 🔋 Battery prices are predicted to drop to $50 per kilowatt hour, making energy storage combined with solar a more cost-effective solution than fossil fuels.
07:34 🔋 Lithium batteries will be cheaper than $50 per kilowatt hour due to competition from other battery types and the increasing availability of lithium, leading to a future of cheaper electric vehicles, battery storage, solar energy, and cleaner air.

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Duration: 0:9:7

Publication Date: 2024-01-30T09:24:08Z

WatchUrl:https://www.youtube.com/watch?v=tZ2HZ1xcgxI

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