I hate EVs but it sure seems to me that manufacturing a 100% EV (no hybrids!) is cheaper than an ICE automobile. Electric motors are cheaper and lower maintenance than an equivalent ICE. Let’s say that Toyota currently produces one million ICE Corollas per year via its ultra efficient manufacturing technology. (Honda and VW are in the same league)
Toyota mass production of one million Corolla EVs will result in a less expensive automobile than manufacturing one million Corolla ICE version. By $3,000 is my guess. Corolla EV will cost the consumer $3000 less. When figuring the battery costs $1000.
Don’t hate them, I’m just stuck wondering why the EVs at the dealership were more expensive than the gas ones years ago. I mean the bulk of the cost has to be in the battery right?