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Overview over the global Automotive Industry: Difference between revisions
Overview over the global Automotive Industry (view source)
Revision as of 19:58, 1 March 2023
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Oliver Wyman estimated in 2020 that EVs Are Still 45% More Expensive To Make Than Combustion-Engined Cars. The total cost for manufacturing a compact (C-segment) combustion-engined car is around €13,900, and a EV cost is €20,200, the battery pack – at €8,000 – is the main responsible for the total cost. | Oliver Wyman estimated in 2020 that EVs Are Still 45% More Expensive To Make Than Combustion-Engined Cars. The total cost for manufacturing a compact (C-segment) combustion-engined car is around €13,900, and a EV cost is €20,200, the battery pack – at €8,000 – is the main responsible for the total cost. | ||
By 2030, the consultancy believes battery prices will be around $85/kWh. Even then, electric cars would be 9 percent more expensive to produce. | By 2030, the consultancy believes battery prices will be around $85/kWh. Even then, electric cars would be 9 percent more expensive to produce.<ref>https://insideevs.com/news/444542/evs-45-percent-more-expensive-make-ice/#:~:text=EVs%20Are%20Still%2045%25%20More,Make%20Than%20Combustion%2DEngined%20Cars</ref> | ||
Recent reports show that raw material costs for electric vehicles more than doubled during the coronavirus pandemic. Average raw material costs for an EV totaled $8,255 per vehicle as of May, up 144% from $3,381 per vehicle in March 2020, led by materials such as cobalt, nickel and lithium – all essential for the production of batteries used to power electric cars and trucks. EV-specific costs have increased to $4,500 from roughly $2,000 in the past two years, according to AlixPartners. | |||
Raw material costs for traditional vehicles with internal combustion engines have also more than doubled during that time period to $3,662 per vehicle, up 106% from an average of $1,779 per vehicle in March 2020. That uptick is being led by increases in steel and aluminum. <ref>https://www.cnbc.com/2022/06/22/electric-vehicle-raw-material-costs-doubled-during-pandemic.html</ref> | |||
According to AlixPartners, the price of raw materials used in electric vehicles is now around 125% of the cost of raw materials used in ICE vehicles. <ref>https://www.azocleantech.com/article.aspx?ArticleID=1644#:~:text=The%20average%20new%20EV%20price,over%20%248%2C000%2C%20according%20to%20AlixPartners.</ref> | |||
== 2008/9 Recession == | == 2008/9 Recession == | ||