The following is the The price of electric vehicles may drop to one tenth From Morgan Stanley recommended by recordtrend.com. And this article belongs to the classification: New energy vehicle industry, Smart car.
Morgan Stanley analysts predict that the price of electric vehicles will continue to decline for at least the next decade, and may eventually drop to $3000 to $5000, a tenth of the current price. They believe that the sharp drop in the price of electric vehicles will eventually make fuel vehicles completely obsolete.
“Based on our frequent discussions with OEMs, suppliers and experts in the field of electric vehicles, we would not be surprised if the price of many electric vehicles eventually fell below $5000,” Morgan Stanley analysts led by Adam Jonas said in a report on Monday
Over the past decade or so, the cost of electric vehicles has fallen significantly as batteries have become cheaper and production scale has expanded. Tesla’s first electric car was the roadster sports car launched in 2008, which started at around $100000. Today, its model 3 low profile version costs $37490, lower than the average price of new cars in the United States.
At present, some ultra-low price electric vehicles are sold outside the United States. For example, the Hongguang Mini of GM Wuling sells for about $4500, while the AMI mini electric car sold by French car manufacturer Citroen in Europe sells for about $6600.
Morgan Stanley expects the price of electric vehicles to continue to fall over the next 10 years, at least, as automakers achieve higher production, simplify production processes and improve car design. The number of parts needed for electric vehicles could eventually be reduced from about 10000 to 100 or less, they said.
“We believe that in the near future, the purchase and maintenance costs of internal combustion engine vehicles may be so high that it is difficult to justify its continued role in the mobile ecosystem,” Morgan Stanley analysts said
More reading: Xiaopeng Auto: revenue exceeds 5.8 billion yuan in 2020, annual gross profit becomes regular for the first time Deloitte: 2018 global auto consumer survey Xiaopeng Auto: 3q20 revenue 1.99 billion yuan, a year-on-year increase of 342.5% Deloitte Consulting: Automotive Technology Frontier survey Weilai: 3q20 revenue 4.526 billion yuan, a year-on-year increase of 352.1% Weilai: January 21 Deliver 7225 vehicles, set a new record Weilai: 4q20 financial report teleconference record NiO brand focuses on high end, not facing the mass market passenger car Association: national passenger car market analysis in November 2020 Tesla: 4q20 revenue is US $10.744 billion, a year-on-year increase of 46%, exceeding expectations Tesla: 2q20 financial report teleconference record China’s suppliers may be the most competitive supplier in the world: the volume of deliveries in November 2020 is another 8 month record of double sales in November 2020. KPMG: autopilot auto maturity index Tesla: 2Q20 revenue fell 5% to 6 billion 36 million US dollars in the same period: June 2020 sales volume is 2Q20 high, DDT delivers over ten thousand DDT: 2020 global automobile consumer survey report
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.