2012 Coda Sedan Review: A Deep Dive into an Underrated Electric Vehicle

2012 Coda Sedan Review: A Deep Dive into an Underrated Electric Vehicle

The 2012 Coda Sedan is a unique entry into the electric vehicle (EV) market, emerging during a period when EVs were still trying to establish themselves as viable alternatives to traditional combustion engines. Despite its modest reputation, the Coda Sedan offered a number of features that, in retrospect, are worth a closer examination. This review … Read more

XPeng Shocks the Market with Game-Changing, Budget-Friendly Mona Series

XPeng Shocks the Market with Game-Changing, Budget-Friendly Mona Series

August 19, 2024 – XPeng, one of China’s leading electric vehicle manufacturers, has shifted its strategy by launching an all-new, budget-friendly lineup of cars under the “Mona” series. This move marks a departure from the brand’s recent efforts to move upmarket with models like the G9 SUV and X9 MPV. The first model in the … Read more

“Electric Car Prices Are About to Plummet—Here’s the Shocking Reason Why”

Electric vehicle (EV) prices have dropped significantly over the past year, with an average decrease of around 30%. While this is great news for consumers, the cost of EVs could decrease even more in the coming months, thanks to a combination of falling battery prices and increased competition in the market. Recent data shows that battery pack costs have declined by 90% since 2008, according to the United States government. Even more encouraging is the continued drop in lithium carbonate prices, a key material in EV batteries. From a high of 600,000 RMB per ton in 2022, lithium prices have plummeted to below 95,000 RMB per ton, marking a significant reduction. This decrease in material costs, coupled with the ongoing improvements in battery technology, is driving down the price of EV batteries globally. In July, the cost of battery cells fell by approximately 2% compared to June, with lithium iron phosphate (LFP) cells becoming particularly affordable. LFP cells are now about 35% to 40% cheaper than their ternary counterparts, making them a popular choice for manufacturers like Tesla, which uses them in its standard range vehicles. Moreover, the decline in prices isn’t limited to China. Battery material costs, including cathode materials, cobalt, nickel, and copper, have also dropped. This has resulted in the average price of lithium-ion phosphate battery cells falling by an impressive 9%. The increase in production of high-capacity cells has also contributed to the reduction in costs, with manufacturers benefiting from economies of scale. Chinese EV manufacturers are leveraging these lower costs to aggressively expand into global markets, including Australia and Thailand, where there are no customs fees. This push is expected to further reduce EV prices as competition intensifies. With the need to increase sales and reach economies of scale, car manufacturers are likely to continue driving down prices to make EVs more accessible to a broader audience. As battery technology improves and production scales up, the price of EVs will likely keep dropping, making them even more competitive against traditional gasoline-powered vehicles. Whether it’s through reduced costs or increased range, the future of electric vehicles looks brighter—and more affordable—than ever before.

Electric vehicle (EV) prices have dropped significantly over the past year, with an average decrease of around 30%. While this is great news for consumers, the cost of EVs could decrease even more in the coming months, thanks to a combination of falling battery prices and increased competition in the market. Recent data shows that … Read more

Battle of the 2024 EVs: Will the MG Cloud or Wuling Cloud Come Out on Top

Battle of the 2024 EVs: Will the MG Cloud or Wuling Cloud Come Out on Top

As electric vehicles (EVs) continue to gain traction, the 2024 MG Cloud EV and Wuling Cloud EV stand out as key contenders in the market. Both models aim to provide efficient and eco-friendly transportation, targeting consumers seeking compact designs, advanced technology, and affordability. Here’s a comprehensive comparison of these two vehicles: Performance and Battery Design … Read more

Upcoming EVs That InsideEV Staffers Are Excited to See Hit the Road

Upcoming EVs That InsideEV Staffers Are Excited to See Hit the Road

As you might imagine, the team at InsideEVs has a lot of thoughts about electric cars and the future of transportation. We think the electric transformation of the auto industry is extremely important, and we’re quite excited about what’s coming next. In that spirit, we got together and discussed which future EVs we are most … Read more