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Cake day: October 25th, 2023

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  • PHEVs batteries are way more expensive than they look, because they still need to deliver power. You might only need 1/5th of the range of a Model 3, but you still need all of the power of a Model 3 (or you can cheap out, I guess, but nobody wants anemic cars with a 0-60 time of “well, eventually, maybe, in favorable conditions”).

    So we are generally talking more expensive chemistries and more expensive designs.




  • PHEVs with a 50mi all electric range without an atrocious power dropoff are the sweet spot right now.

    Are they? Battery costs keep falling. When you go from a Model 3 to a Volt, you save on batteries but you gotta pay for an engine, transmission, fuel tank, and a bunch of other things.

    At current prices ($120 per kwh), a Model 3 battery is maybe $6000-7000. A Volt battery is probably at least $1000-$2000, since you need the full power from it, if not the full capacity. And then you gotta pay for the engine, transmission, catalytic converter, and all of that stuff. It is a painful way to save $4-5k.

    You can kinda tell that Toyota is having regrets about the way that they do things, because all of the primes are being made in collectible quantities despite ample demand.