28.3K really is cheap in this context but I’m skeptical that this would be anywhere close to the price when it comes out. Seen too many “40K” that turn out to be 60K in reality. I mean in any context, the avg sale price of new vehicles is over $50K.
They are likely using LFP batteries instead of ones that take some of the more expensive minerals like cobalt. That is a huge part of the cost of EVs, and LFPs should help keep the price down
They’re using LFP in the Mach-e as well and they’re losing money on every sale at signuficantly higher price tag. So I think it’s gotta be something else.
From what I understand that has more to do with the amount of money they are putting into R&D, not cost of materials for each vehicle. Media has been spinning it, but it is not a 1:1 thing
Affordable in its space, that’s great.
28.3K really is cheap in this context but I’m skeptical that this would be anywhere close to the price when it comes out. Seen too many “40K” that turn out to be 60K in reality. I mean in any context, the avg sale price of new vehicles is over $50K.
They are likely using LFP batteries instead of ones that take some of the more expensive minerals like cobalt. That is a huge part of the cost of EVs, and LFPs should help keep the price down
They’re using LFP in the Mach-e as well and they’re losing money on every sale at signuficantly higher price tag. So I think it’s gotta be something else.
From what I understand that has more to do with the amount of money they are putting into R&D, not cost of materials for each vehicle. Media has been spinning it, but it is not a 1:1 thing