There’s something that’s often lost in discussions about tech adoption trends, and in particular when it comes to something we cover a lot, electric vehicle sales trends: it’s not a straight, consistent line upward. There are ups and downs. When adoption jumps up fast, those of us bullish on the transition get extra excited and bullish.
The good news at the moment is that EV battery prices are expected to drop a lot in 2024 and 2025. That’s according to a recent analysis from Goldman Sachs. When EV battery prices do come down a lot, we can then expect electric vehicle prices to come down a lot, which will boost EV sales further. The EV battery price cost trend looks dramatic, and very helpful. With Goldman Sachs’ wealth of data across probably every sector in the world, one would think the financial company is on point when it comes to EV battery price trends this year and next. Forecasting EV sales several years out is a much tricker business, and one would hope that the forecast of just 50% EV market share in the US and 68% in the EU is pessimistic and incorrect.
For now, we should thank the policymakers who have enabled a faster transition to electric transport, and we should consider strongly what is needed in order to keep strong policies going. “The regulatory tailwinds are still in place,” Bhandari notes, but the wind can always shift, especially in politics.
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Fonte: Mynorthwest - 🏆 438. / 53 Consulte Mais informação »