I do not understand why EVs, e.g. Nissan Leaf, are still so much more expensive than ICE vehicles. Electric motors are not expensive and the cost of batteries should be dropping exponentially like solar panels did. The Leaf has been around for ten years now, yet the price is much the same as when it was first invented, well over £10K more than an equivalent nonEV. In 1910 the Model T Ford was $900 but by 1920 the price had fallen to less than $400 (Wikipedia). Admittedly much of this was increased production efficiency, but even so....
Simple, if people will pay X amount of money for a Leaf, Nissan are not going to reduce the price due to it actually being cheaper to make them now. Why would they?, that would mean less profit!. As for rivals, pretty much the same, they look at how much money Nissan can get away with charging, that folk will pay, and charge a similar amount.
If what you say is correct, probably the only way to get manufacturers to bring the price down inline with what they cost to make would be some highly publicised report documenting how much profit is being made (relative to an ICE car). Even then, not sure that would make much difference given how few people choose to actually buy a car, rather than ‘renting’ one for two or three years at huge cost. I’m thinking of the recent post regarding someone looking for a replacement for a double cab pickup, someone apparently willing to pay up to £600 per month, plus VAT (£720).
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