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Tony C's initial prediction about the future of battery costs was met with skepticism at conferences, yet recent findings suggest it may not be as far-fetched as once thought. A respected study revealed that by 2030, EV battery replacement could be cheaper than engine repairs for ICE vehicles, a claim that seems to resonate with the current trajectory of battery technology costs.
Research and Investors Agree
Research conducted by Recurrent provides compelling evidence that aligns with Tony C's prediction. It states that battery prices are on track for a dramatic decline. Notably, they found that DC fast charging habits among Tesla owners have minimal detrimental effects on battery longevity, which bodes well for overall consumer confidence in EV technology.