Electric cars won't get any cheaper, says Jaguar Land Rover CEO

Not exactly the news anyone wants to hear as the world pushes drivers closer and closer to move across to electricity driven vehicles.

1y ago

Everyone by now is more than aware that governments around the globe are preparing to get all drivers to buy electric cars, well maybe not the US government but you know what I mean.

According to Jaguar Land Rover CEO Ralf Speth, the price of electric cars is not likely to decrease for at least another five years. It is no secret that an electric cars battery is the most expensive component. In short Speth believes that manufacturers are being forced to equip their new cars with bigger, longer lasting batteries because the charging infrastructure is not adequate enough yet. This of course means car makers are spending more money to make these cars which in turn means they cost us (the consumers) more. “There will be no reduced cost for three to five years. We need a more dense charging network".

So we appear to be stuck between a rock and a hard place. The world requires us to clean up our act and we can all do our bit by driving electric cars, but the affordable electric cars available to middle class workers are ugly as hell and very expensive. The Prius which retails at around £24,000 and the Nissan Leaf which you can buy for around £32,000 to name a couple of examples. Both cars are ugly, boring to look at and are hugely expensive. We haven't even mentioned Teslas yet.

There is no doubt that electric cars are the future, but the real question is how we are going to get there. Speth believes that more funding needs to be put into building the charge-point infrastructure. “With more demand for chargers, it will come," he said.

Drivers can keep a smaller battery topped up rather than needing to make one huge battery last longer between charges. This will mean manufacturers can begin selling cheaper electric cars with smaller batteries.

What do you think?

Let me know what you think in the comments!

Join In

Comments (23)

  • I guess biofuel is the best solution

      1 year ago
    • A toilet for seat...you know what i am saying...

        1 year ago
    • Does not help air pollution though, or land area usage.

      If we were to run the world off biofuel, do you know how long we could do so?

      I do.

        1 year ago
  • I’ma just stick with my V8 and stick shift

      1 year ago
  • Prices will probably keep coming down but then pause at just above the equivalent ICEV price until BEVs make up half the new car market, then start falling again. Expect BEVs to be cheaper to buy in 2025.

      1 year ago
  • What if you can buy the car without the batteries in it? Or utilize used batteries?

    Imagine an electric vehicle that costs thousands of dollars less than those currently available and reenergizes in five minutes, just like filling a tank of gas.
 The first patent was issued July 16, 2019:
U.S. Patent Number 10355254 OCoil.com



      1 year ago
    • Renault has been selling the car and leasing the pack as an option for a while now. Tesla tried battery swapping, but no one was interested.

        1 year ago
    • And your references are full of misinformation. You should forget you ever saw them. They are only trying to sell you something to solve a problem that has already been solved.

        1 year ago
  • The price are already on a downward trend.

      1 year ago