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Originally Posted by acottawa
Maybe, but technology that gets exponentially cheaper (say a microchip) usually has a low use of raw materials and relatively few parts. Technology that uses significant raw materials or has a significant number of parts is usually not subject to these pressures (which is why the price of airplanes, helicopters, cars, etc. have not fallen over time).
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But they don't sell billions of airplanes and helicopters a year to bring costs down. Also, they are very complex to manufacture, which adds to the cost.
As for cars, they did see a massive price drop when Henry Ford started to sell the Model T. It was through mass production that they got the prices down. Electric cars have not reached that level of production yet.
As for comparisons to the electronics industry, the ICE drive-train is the discrete transistor (lots of large, components strung together) and the electric motor is the microchip (one simple component to replace them all). Maybe not on the same scale, but it is a cost reduction.
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Moreover, the competition will always be between a super-sophisticated battery weighting hundreds of kilograms and loaded with rare earth elements (which will increase in cost as demand rises) and a hollow steel tank.
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Yes a battery is more expensive than a gas tank but a transmission, catalytic converter and fuel injector are more expensive than noting (none of those are necessary on an electric car). Even the electric motor is much simpler to manufacture than an ICE. The battery is the only expensive part of an electric car and while the cost of the raw materials used to make one may remain constant or even go up in price, the NRE of it (and the entire car design) is still a significant portion of the cost. Once the technology has matured and the production volumes have increased by several orders of magnitude, the NRE will be a much smaller portion of the cost.
There is also the total cost of ownership. Yes you will need to replace the battery, but once the Lithium becomes the majority of the cost, the money you will get in trade will cover a significant portion of the cost of the new one. Other than that, the maintenance costs of an electric vehicle are minimal (no fluids to change and even the brakes will last longer because of regenerative braking).
Also, Li Ion batteries might be the CFL of battery technology? Who knows, maybe Hydrogen Fuel cells (or some other technology we don't even know about yet) will replace them and become the LED of battery technology that doesn't rely on rare metals.
I'm not saying electric cars will be half the cost of an ICE vehicle, but they are so much simpler, they can't help but be cheaper when manufactured in the same quantities.