Show you one statistic data. The EV lithium battery cost history
2013 $806 per kw and until 2024 it is $115 per kw. This translate to aveage 15% decrease in price. If we take the average decrease of 10% from 2025-2030, by 2030 the price per kw will be only $60. 2030 vs 2013 the price is anticipated to drop a whopping 92.5%.

If you buy an EV now BYD Atto 3 battery cost is RM 22,835 and battery price decrease 10% (this is very conservative rate as I do not take 15%). After 8 years the battery replacement cost should be RM 11k.

Bear in mind that battery cost is keep dropping over the year. It is GUARANTEE that after 8 years from now you won't need to pay 2025 price in 2032. It is definitely cheaper price by 2032.

Lithium price history
https://www.statista.com/statistics/883118/...ery-pack-costs/

This post has been edited by autodriver: Mar 14 2025, 09:01 AM

Other than battery the cost to produce an EV is much cheaper than ICE because EV has much lesser components and very less wear and tear part. In future when EV battery cost down then the car price will go down. You said it won't drop much but sorry to say the Chinese carmaker especially the one who make most EV will force their competitor to drop price.

In China gov is subsidizing their local car brand but please do not over thinking that the Chinese gov is so dumb that they subsidize the oversea market too. In overseas market the Chinese EV makers are still capable to sell their EV at very attractive price and over the time the price get cheaper. FYI, BYD just cut the Atto3 price to match the emas7 price.

And also in future the car battery tech getting more advance. When more people adopt the EV car the cost of production will continuing go down. You mention price will go back up, yes many enterpreneuers hope to do so but in reality they are find so hard to increase price. If they increase price then people move on to other product or brand right away. Look at our Msia market, why CRV CX5 doing badly compare to the past? It is because the Chinese rivals are offering higher spec at low price. People move to Chinese car immediately.