EV battery prices to fall by nearly 50 pct and near ICE parity by 2026, says Goldman Sachs
by paulwesterberg
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Electric Vehicles
EV battery prices to fall by nearly 50 pct and near ICE parity by 2026, says Goldman Sachs
9 Comments
How accurate are Goldman Sachs predictions…
RIP resale value
But somehow the cars will still cost the same
I use to trust GS. Today I think they just publish stuff that supports their investment positions.
Headline fail: GS is saying that battery prices falling will bring EV’s near in price to ICE vehicles.
I couldn’t figure out if they were saying batteries are going to be the same price as engines or something like that. Which is a weird comparison point.
It’s already on par with gas cars.
Resale will drop but your next car purchase will be cheaper…
Engines now are more expensive than ever on mid to higher range vehicles, especially larger vehicles due to complicated turbos and what not to get the epa gas mileage paradigms…
Reliability of these new engines is kinda bad as well…see Toyota and Ford offerings with full engine recalls.
Ford lightning flash trim can be picked up between 55-60k with tax and rebate incentives – try to find a similarly equipped ice truck. A tesla model Y is the same price after tax incentives as a decent optioned rav 4. If battery prices decline as the incentives drop off…parity?
I think Goldman Sachs haven’t included Chinese battery makers, and that’s most of the manufactering capability, and the cheapest by a long way. If they asked someone at CATL or BYD what the outlook was I’d be a little surer.
Goldman is waaay off here. Bloomberg NEF is far more reliable.
Price parity has been around for a while. Chinese manufacturers got there in the first half of 2023. Some Stellantis brands are already there with their upcoming 2025 models costing the same whether they are ICE or EV versions (they have a common multi-energy platform). It is rumoured that Renault is pretty close as well.
So yeah, don’t listen to Goldman.