July 6, 2022

The Queens County Citizen

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Tesla’s Elon Musk is working on a $ 25,000 electric car with a next-gen battery

Tesla's Elon Musk is working on a $ 25,000 electric car with a next-gen battery

Tesla has announced that it will significantly reduce the cost of its battery cells and packs – meaning the company’s new target of $ 25,000 electric car. Said Elon Musk, CEO of the company New “tableless” battery cells, As well as by changing the materials inside the cell, allowing Tesla to “halve” the price per kilowatt-hour, making electric cars almost like combustion engines.

The most commonly used unit of power to measure the capacity of battery packs in modern electric vehicles is the kilowatt-hour (kWh). Those prices have been falling significantly over the past decade, from 100 1,100 / kWh in 2010 to 6 156 / kWh in 2019, falling 87 percent.

Experts predict the price will reach $ 100 / kWh by 2023, but Musk said Tesla will begin a three-year process to bring the price down to less than that – although he is not sure what the price target is.

The battery has more than its cells. A lithium-ion battery cell, which costs $ 100 / kWh to produce, costs $ 125– $ 130 / kWh or more, with additional components such as battery packs and cooling systems.

Today’s battery packs cost $ 10,000– $ 12,000 depending on capacity. Low battery prices are key to unlocking more affordable, high-volume electric cars. Tesla aims to reduce the price of futures packs to less than 000 6,000, which will keep the cell price below $ 100 / kWh.

The average price of electric cars in the US has been falling, most recently in 2018, from 3 64,300 to 6 55,600 in 2019, a decline of 13.4 percent. Many thanks to Tesla’s Model 3. However, this is still high (despite the fact that the average price of a normal, gas burning vehicle is $ 36,600).

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The Model 3 is considered to be Tesla’s first car for the wider market. From the beginning, the company’s “master plan” – as prescribed Kasturi in a 2006 blog post – Explains how to build an electric sports car to convince people that EVs can be cool (which was not an easy task at the time), and to use the proceeds to fund a more affordable luxury sedan and plow the funds. That’s it Attempt in a car that millions of people can afford.

But the $ 35,000 Model 3 took months to reach customers, thanks to the company’s well-documented “product hell”.

Emerging …