BMW says electric car mass production not viable until 2020
I don&#x27;t think there&#x27;s any &quot;collusion&quot; or other conspiracy to hold back electric vehicles, I think what BMW said is objectively true. Lithium batteries have cost too much in the past decade to put them into more than luxury cars or negative-profit compliance cars. Supply chains don&#x27;t appear overnight. LG Chem, Samsung SDI, AESC&#x2F;NEC, BYD, Foxconn, etc have been building factories and securing raw materials for many many years to have the capacity to sell car manufacturers enough batteries for a few million cars a year by the end of the decade. The price per kWh still makes the battery in a car like the Chevy Bolt a $8000 part, which means you&#x27;re never going to make a $15K car with one inside. That price has been dropping year over year, and around 2020 is when it&#x27;ll be cheap enough to make cars in the price range people actually buy them that have big batteries inside.