Tony Seba is known to make some bold predictions. His track record is actually fairly accurate when it comes to technology.
In this video I discuss the claims he makes regarding EV pricing and how the prices are going to plummet, at least at the lower end, over the next 6 years.
▶️ 3Speak
While it might be good that vehicles will be cheaper, I don't think it will be good for traffic. In a lot of countries, traffic has been worsening because there are more cars on the road. In the Philippines, it has even regressed a bit, since people are buying motorcycles instead of cars to avoid the traffic [they split lanes, and squeeze everywhere]. Cars aren't also comparable to cellphones, where people change their phones every year. Even at 5k USD, the cost is too high.
Populations are still increasing globally yet new vehicle sales are down. So I believe we have reached peak auto is most of the world.
I agree. So I am curious how these will turn out. Sure EVs can replace the regular cars, but I don't know if they can profit much from it.
That is what the legacy manufacturers are dealing with. They cannot make a profit off the EVs. We will see how the Chinese do. Tesla is doing fine in terms of profit and BYD looks like they might be making money on their EVs but they dont break them out.
5000$ electric vehicle in 2025.
Are you trying to say that everyone will be able to afford it in the future?
At some point. Almost everyone is able to afford a smartphone, which is essentially a computer.
That is what happens with technology.
You’re right though. Initially smart phones were difficult to purchase but now it’s everywhere.
Wow, he has indeed great insight but to you do you think there are odds to his prediction