Could it be, that this is NOT the time to buy an EV yet?

Could it be, that this is NOT the time to buy an EV yet?

https://reddit.com/r/electricvehicles/comments/xai0w3/could_it_be_that_this_is_not_the_time_to_buy_an/
molensloot
https://www.reddit.com/r/electricvehicles/comments/xai0w3/could_it_be_that_this_is_not_the_time_to_buy_an/


Not yet, at least…

See. [https://www.catl.com/en/solution/passengerEV/](https://www.catl.com/en/solution/passengerEV/)

Releasing a new generation batteries, with a 1000km range, a top up to 80% in 5 min, and 800.000km warranty. Wow. And I read claims that this technology is already hitting the market in 2023. If true, doesn’t it seem this will change the EV landscape totally?

EDIT for clarity: CATL is not just an obscure producer in a corner of the world. It’s one of the Top3 producers with the largest number of OEMs buying from them. Like Tesla, BMW, Daimler, Geely, Great Wall , Honda, Hyundai, and Volkswagen.

EDIT2: my point is… I you have the luxury / time / patience to not invest yet, this might be very valuable in the end.



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21 thoughts on “Could it be, that this is NOT the time to buy an EV yet?

  1. For any technology there will always be new innovations coming down the pipe. But the question to ask isn’t “should I wait for the next big thing?”; the question to ask is “does today’s technology improve my situation?”.

    And I’d argue that *any* EV available today is an improvement over an ICEV, especially environmentally, but also financially.

  2. So, let’s assume CATL is coming to the market with such battery packs next year.

    With a new cell-to-pack design this likely won’t fit into existing cars. So, manufacturers would have to develop new cars optimized for this pack size, which would take another 4 years, if they are quick.

    Sure, they could try to fit this into existing models, likely shortening the development time. Moving parts around, new tests, adapting assembly lines, recalculating logistics, … it still takes time. Additionally, they have existing contracts with battery manufacturers. They will have to sell quite a few vehicles with the old batteries and would end up sitting on old models, if they enter the market too soon.

    Even assuming that this is more than just marketing BS by CATL, this won’t realistically be available to consumers before 3-4 years.

    It’s great, if these developments are around the corner, but when I can own a vehicle, that fits my need now, why should I wait in this scenario?

  3. I would say this might make the difference between a lease or a loan.

    Get into EVs now but be flexible for the future in case this tech really is just around the corner. As others have said the tech might be there soon but still far from mass production.

  4. If a car fits your personal use case then waiting for ‘better’ is just wasted time.

    You can FOMO forever if you want (and some people do)…but it’s not a sensible basis for making decisions.

  5. There will always be something in the future better than today, there are break throughs all the time but if it’s not financially viable and able to be be mass produced does not matter in the near future.

  6. I don’t think I could afford to pass up a current gen EV which saves me money and improves my life now, whilst I wait for one of these to get cheap enough for me to afford. Especially as the benefits are fairly marginal in everyday life. I mean, my car is just sat on the drive idle for more than 12h a day, so charging to 80% in five minutes isn’t really worth a lot to me most of the time.

  7. We can get 1000km range EVs with existing batteries, but there’s no incentive to. Manufacturers will add and remove battery pack to hit desired range targets. The battery is by far the most expensive part of an EV, so there’s a VERY VERY strong incentive to minimize range. That’s why we have so many ~200mi range EVs.

    And an 80% top-up isn’t happening for the consumer. A typical EV needs at ~80kWh pack to get 300mi range. 20%-80% takes about 50kWh of energy, so you’d need a 600kW charging station.

  8. The range on my EV drops by about 25% in the winter. Last winter in New Hampshire with 5-10F temps I started with 171 miles on the battery. I drove 24 miles and ended with 108 miles remaining. The chargers like Electrify America aren’t reliable around here. My next car will be a hybrid.

  9. I’m considering buying an ICEV because my EV was stolen and I can’t find a replacement EV in stock. I’m considering getting on waitlists and driving an ICE in the interim. I really hate the idea of going back to gas though.

    I mostly only stay in town with 100 mile round trips to local ski resorts with several fast chargers on the way. Current EV technology is more than adequate for my needs.

  10. You vastly over estimate the usefulness of getting more than 400km range. And you vastly over estimate the inconvenience of using current fast charging capabilities.

    This does sound better, but current tech is nearly perfect for 95% of daily car driving use.

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