this post was submitted on 01 May 2024
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[Dormant] Electric Vehicles

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Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry (insideevs.com)
submitted 7 months ago by [email protected] to c/evs
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cross-posted from: https://lemmy.ml/post/15089465

Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

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[–] [email protected] 1 points 7 months ago (1 children)

The batteries are about half the cost of making an EV. A $30k car literally has $15k+ worth of batteries inside. The Chinese are prepared to produce batteries today. China will not be able to arbitrarily limit global supply in the future. Global lithium supply is not analogous to oil prices and OPEC.

Lithium ion batteries are not produced by 1 entity and the tech has been around a few decades. People are absolutely innovating better, more sustainable, and less toxic battery chemistry. Lithium is just the best option we have now.

[–] [email protected] 1 points 7 months ago

You keep focusing on the lithium market while I'm speaking about the automotive market. If China makes EVs unprofitable for the rest of the market by selling them at an artificially low price, who is going to be left to build them once the dust settles?