The Decade For Electric Cars

It is a shiny new decade and time for EVs. New batteries for electric cars will debut next year, 2021, as well as more new models. The prices are expected to change this means they will be going down hence everyone gets a chance to ride an EV, the market dates for some products may be delayed, depending on outside events, like Brexit. Here are some of the changes that are expected on the EV of the decade…..

1. Range: Batteries size and density have a great influence on the average range of an EV. Since EVs came into existence the range has been improving, since 2011 there has been a 20% increased range. The top six selling EVs all have ranges of more than 238 miles — including the 2020 Chevrolet Bolt, with 259 miles range, 21 miles more than the previous model. This is according to the U.S Department of Energy Mr. Reuss.
2. Ease of ownership: If EVs are going to reach beyond the garage-owning demo, charging infrastructure has to be as convenient as gas stations. In the past decade, Tesla took the lead in creating its Supercharger network, now comprising 1,636 stations worldwide, including 741 in the U.S. Fast-charge service provider Electrify America said it will have over 2,000 units in operation by the end of 2019, at nearly 500 locations in 42 states.

3. Cost: At the beginning of the electric-car movement, circa 2010, the average cost of an automotive-grade lithium-ion battery pack ran about $1,100 per kWh. In 2019, the cost fell to $156/kWh, an 87% drop from 2010, and a 13% decline from 2018, according to BloombergNEF. Industry analysts have long considered $100/kWh to be the inflection point, where EV unit-production costs would reach, then fall below that of IC vehicles. BNEF predicts that point will arrive in 2024, a year sooner than it had previously forecast. The connection between pack prices and affordability is convoluted. Nonetheless, the Korean conglomerate Hyundai sells, or soon will, several EVs with 200+ range, priced at or below the U.S. median price for a new car: the Kia Soul EV (estimated $35,000), Niro EV ($38,500) and Hyundai Kona Electric ($36,500). The Tesla Model 3 Standard Range Plus (250 miles) starts at $39,900. The VW ID. CROZZ will offer 300 miles of range with an estimated starting price in mid-$30,000s, before tax credits.