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EVs cross 55% in China in August 2024


randomGuy

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- at this rate it could be 70% by end of 2024 and a 100% in a couple of years.

- China is 33% of global passenger vehicles and is also exporting a lot of EVs.

- Even countries like nepal and Ethiopia (Ethiopia even banned ICE car import) are due for 100% electrification very quickly as they are heavily promoting EVs as they have abundant hydro power.

 

 

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2 hours ago, Singh bling said:

 

 

Look at these plug in hybrid and their price. Indians will too buy them at this price in large numbers

lol Chinese EVs have problems. They are cheap for a reason.  China has an oversupply of EV vehicles. Not many Chinese companies are going to survive. Byd have lot of abandoned cars in fields in china. 

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1 hour ago, gattaca said:

lol Chinese EVs have problems. They are cheap for a reason.  China has an oversupply of EV vehicles. Not many Chinese companies are going to survive. Byd have lot of abandoned cars in fields in china. 

Chinese EVs are abandoned because just like smartphone better models with longer range are available now

 

https://www.bloomberg.com/features/2023-china-ev-graveyards/

 

Plug in hybrid is good technology. You can travel long distance or even if you don't get charging point you can still drive car

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2 hours ago, Singh bling said:

Chinese EVs are abandoned because just like smartphone better models with longer range are available now

 

https://www.bloomberg.com/features/2023-china-ev-graveyards/

 

Plug in hybrid is good technology. You can travel long distance or even if you don't get charging point you can still drive car

The maximum you can get is 48 kms currently but that might lower considerably with heavy traffic especially in India. Might be good enough for low use but still will save some money

Edited by gattaca
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1. Catl 4-5 months back announced condensed batteries (energy density 500 wh/kg) , to be mass produced by year end for cars as well as airplanes. How costly it's gonna be is unknown....Domestic airliners can all switch to condensed batteries replacing fossil fuels.

 

2. Present energy density of lithium iron phosphate batteries is 180-190 wh/kg at battery pack level and prices of lifepo4 battery is supposed to drop to 35 usd per kwh by year-end meaning that a 50 kwh battery pack will cost only 1.4 lac INR in China.

 

3. Charging speeds have increased to upto 600kw. Meaning at this peak speed of charging, in 1 hr you could charge 600 kwh or 50 kwh in just 5 mins.

 

India should atleast build fast charging network to be future ready.

 

Edited by randomGuy
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1 hour ago, ravishingravi said:

It's a great success story with one caveat. They have humungous capacity now. If they don't find the markets, this will be the usual communist problem. 

Battery storage is also needed in grid storage, esp. solar as sun doesn't shine in night. 

 

If world sells 7 crore cars annually with 50 kwh battery each, world will need 3.5 twh for cars alone..

 

Elon Musk said to be carbon zero grid and all EV and no ICE vehicles till 2045 (21 yrs for today), world need 300 twh total battery storage or about 300/21=14 twh annual capacity.... probably the world will have 8 twh capacity by 2025 end.

 

https://about.bnef.com/blog/china-already-makes-as-many-batteries-as-the-entire-world-wants/#:~:text=BNEF is tracking 7.9 TWh,in batteries for storage applications.

 

 

The problem is that the demand has to pick up. Ev charging infra, grid solar power etc. have to pick up.

Edited by randomGuy
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