Hat tip to Anish Kumar Sinha
Battery pack costs are higher than cell costs, but even so, LFP (Lithium-Iron-Phosphate) battery pack costs could drop from the current $94/kWh to $60/kWh or below. And that's before sodium-ion batteries go into mass production.
It's really simple: the market share of EVs is heading inexorably to 100%.
Even in countries with high import tariffs on imported EVs (US/Europe), the cost of Chinese EVs will fall so fast that domestic EV prices will have to respond, leading to rising EV sales. Not to mention Chinese EV companies opening new EV plants in S.E. Asia, Latin America and Africa.
With electricity generation, ultra-cheap batteries will allow 24/7 solar power in sun-belt regions of the globe (35 degrees S to 35 degrees N), and mixed solar/wind in higher latitudes. Beyond latitude 60 degrees, some form of long-term storage will be needed, prob'ly green hydrogen/green methane/green methanol. But all this can be done using renewables, not fossil fuels.
This revolution cannot be stopped by big oil. Demand for coal and oil will fall progressively. And global emissions will fall too.
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