China’s Batteries Are Now Cheap Enough to Power Huge ShiftsWe no longer need to model for when cell prices drop far enough to decarbonize road transport. That day is here.
July 9, 2024
https://www.bloomberg.com/news/newsletters/2024-07-09/china-s-batteries-are-now-cheap-enough-to-power-huge-shifts
https://archive.ph/DklaA#selection-1341.0-1347.112
Got 2 cents to say here. Just two words, like, holy shiit!
We all knew that the electric car will become more common as it improves.
The battery must improve, but they already did that.
The price for the EV must be lower, but they already done that.
We all know that one day in the future, the EVs will replace all ICE cars.
That day is now! NOW!
Holy shiit!
We heard of China speed, but when we see it happen, it is still like, holy shiit!
Chinese industry and their innovations, has made the ICE car obsolete, with the Chinese made EVs being cheaper to buy and likely cheaper to operate over the course of ownership of the vehicle.
That is happening, right now!
No wonder there is like panic and tariffs!
Kind of funny.