Finweek English Edition - - COVER STORY -

A re­cent re­port by con­sult­ing gi­ant Ac­cen­ture, which is based on stud­ies of a com­pre­hen­sive list of global EV pilot projects found the EV’s bat­tery to be the most cru­cial bar­rier to en­try of the auto mar­ket.

The re­port found the ex­or­bi­tant cost of EVs to be due to – yes – the bat­tery. Ac­cord­ing to the re­port, typ­i­cal mod­ern EV bat­ter­ies cost $450 per kWh at a min­i­mum. This is us­ing the ab­so­lute lat­est tech­nol­ogy avail­able, and mankind ’s best minds f oc used on low­er­ing their costs. The re­port states t hat the chem­istry that goes into bat­ter­ies has its lim­i­ta­tions.

The so­lu­tion to th­ese high in­puts as­so­ci­ated with the bat­tery, ac­cord­ing to Ac­cen­ture, mir­rors the same sug­ges­tions made by Tesla’s cre­ator, Elon Musk. The bat­tery costs should be dis­ag­gre­gated from the ve­hi­cle ei­ther by leas­ing the car or the bat­tery. Ac­cen­ture also found that range con­cerns dif­fered in dif­fer­ent ge­o­graph­i­cal ar­eas. High den­sity ur­ban cen­tres (such as New York and Lon­don), un­sur­pris­ingly, had lower range re­quire­ments and thus less over­all “range anx­i­ety”. How­ever, the re­port found that of­ten the own­ers of the range-bound EVs had an ad­di­tional back-up ve­hi­cle in their garages. The re­port com­pared EV charg­ing to the “roam­ing” op­tions of­fered by cel­lu­lar net­works, where charg­ing could be nego-

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.