56 min
What The West Must Do To Match China on Affordable EVs: Vincent Pluvinage, Karl-Thomas Neumann and James Frith, OneD Battery Sciences Driving with Dunne
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- Business
Many say that price is the single biggest limiter to EV demand in Western countries. In the United States, the average price of a new EV is $53,000. In Europe, the number is even higher - $60,000. On the other hand, China produces EVs across the price spectrum – from $5,500 to $160,000. Why is it so hard to match China on cost? What steps must Western automakers - and governments - take to compete with Chinese firms? The key is batteries. This week three executives with deep expertise in batteries – Vincent Pluvinage, Karl-Thomas Neumann and James Frith in London – join me to explore the options.
Many say that price is the single biggest limiter to EV demand in Western countries. In the United States, the average price of a new EV is $53,000. In Europe, the number is even higher - $60,000. On the other hand, China produces EVs across the price spectrum – from $5,500 to $160,000. Why is it so hard to match China on cost? What steps must Western automakers - and governments - take to compete with Chinese firms? The key is batteries. This week three executives with deep expertise in batteries – Vincent Pluvinage, Karl-Thomas Neumann and James Frith in London – join me to explore the options.
56 min