A Cheaper Audi EV's on the Way: Report

"to the masses...$40-$50K.." I want my next car to be electric, but they're going to have to get cheaper than they are now. Let me know when there is something equivalent to my 2017 Elantra Sport for $20K, but with an electric drivetrain, and I'm there. I don't know why they're not there yet being that my Elantra Sport is much more complicated and probably has ten times the mechanical parts as a Tesla Model 3. It's like comparing quartz watches vs automatics. The automatics are more complicated, more finicky, more expensive, and not as accurate.

@nels0300 My used. We bought our 24K mile old Fiat 500e for $7,300 out the door and have saved over $4K on gasoline over the last 2 years. I would imagine a used Konai/Niro would be about $15K in 3 years.

@kwong I mean to say Buy used. Not sure why I couldn't edit my typo.

@nels0300 MSRP is just one piece of the puzzle. An electric car would be about $1000 less a year to fuel, and be much cheaper to maintain. So I would say a ~$30K electric car would be financially equivalent to your Elantra over ~5 years; especially if gas prices spike again.

@kwong Someone has to buy new first.

@sportyaccordy Yeah, the fuel cost savings definitely offset the price difference, but there really isn't any maintenance on the Elantra in the first 5 years besides oil changes which are cheap. Wipers, brakes, tires, etc will obviously still be needed on the electric car. I still think there should be a lot of room for prices to come down. Electric cars should be cheaper than ICE cars. Easier to manufacture, easier to engineer, much less complicated. How many people did Hyundai have to pay to develop the 2.0L Atkinson cycle engine, the 1.6L GDI turbo, the 6 speed hydraulic automatic, the 7 speed DCT, the 6 speed manual, the cooling systems for all of those options..... ....or they could just have two different battery capacities and / or electric motors. Electric cars should already be cheaper than ICE.

@sportyaccordy That's what leasing is for. Buying a new electric vehicle at this point would be a foolish financial decision.

@nels0300 Eventually electrics should be cheaper unless there's a badge to pay for. And until there's wider adoption, carmakers will have to charge (ha) more to recoup development and engineering costs. Just don't forget to plug in every night until wireless charging is available.

@nels0300 Well $200/kWh is what it is... so for the ~65kWh pack that seems to be the standard you're talking about $13K. Then you still have the motor, differential and all the associated electronics and wiring. I wouldn't be shocked (ha ha) if a basic EV powertrain cost $20K w/no car attached. The 1.6T and 7DCT were developed long ago so outside of tweaks their development cost is done. A brand new 1.6T costs about $3400, I imagine the transmission may be $2000... even if you bundle in all the peripherals and accessories I doubt you'd crest $10K, and that's with dealer markup. So EVs have a long way to go to close the gap. Even if battery prices drop by half they will still have a slight premium as the motor and electronics will remain flat.

@nels0300 R&D is amortized as intangible assets and the cost is amortized over the period of time that the R&D produces revenue....so Hyundai is still paying for this on their P&L. The batteries wouldn't be so expensive if automakers focused on developing them. Tesla started from scratch, built their own supercharger infrastructure that everyone said was too hard to do, and now they're challenging established automakers in sales while Elon smokes joints on TV. EVs weren't a priority for the big automakers, if they were, batteries would be a lot cheaper and we'd have a much more complete charging station network. They can do it, they just didn't.

@nels0300 Well manufacturers are focusing on them now. It takes time.

@nels0300 Re: Nels0300 "I want my next car to be electric, but they’re going to have to get cheaper than they are now. Let me know when there is something equivalent to my 2017 Elantra Sport for $20K, but with an electric drivetrain, and I’m there." Hyundai Ioniq EV starts at $29k. There is at least a $7,500 federal tax incentive and up to $5,000 state incentives depending where you live. Hyundai Kona EV starts around $36k before incentives with about 250 miles of range. They are also coming out with the Niro and it will have about 300 miles of range for a similar price in 2019. There are many videos on youtube reviewing these cars.

@nels0300 Yup, and without all those moving pats they should be a lot more reliable and require a lot less servicing.

@sportyaccordy: Check out this EV. Who knows if it will actually make to production, but damn, this one is a stunner: https://electrek.co/2018/12/14/mustang-tesla-aviar-motors-electric-muscle-car/

@Tummy $36K, $29K, that's still quite a bit more than comparable gas engine equipped cars, and it's only because of the tax credits that they're remotely close in price. Give me something Elantra sized, not subcompact, full EV, for ~$25K *before* any subsidies. I know, I'll probably be waiting a while.