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In the rapidly evolving world of electric vehicles (EVs), a critical question looms over the industry: is bigger better when it comes to batteries? This question will be at the heart of a forthcoming webinar hosted by Autovista Group, titled "The Economy Behind Large Batteries in Electric Vehicles - Is Bigger Better?"
Scheduled for September 26, 2024, at 9.30am BST / 10.30am CET, the webinar will delve into the economic implications of larger batteries in EVs. The event will be hosted by Autovista24 editor Tom Geggus and feature a panel of experts from Autovista Group, including Dr Christof Engelskirchen, Dr Anne Lange, Christoph Ruhland, and Christian Schneider, the EV Volumes director of content.
The webinar is a follow-up to two previous Autovista Group webinars, "How to recharge Europe's battery-electric economy" and "How to recharge Europe's battery-electric economy", which explored the broader landscape of EVs and battery technology.
The webinar will explore the price-performance conundrum that vehicle manufacturers face when increasing the size of EV batteries. Larger batteries, which provide longer driving ranges, cost more due to their greater kilowatt-hour (kWh) capacity. Although the cost per kWh has significantly reduced over the past decade, it remains a major component of overall EV cost.
Manufacturers must balance offering extended driving range with keeping the vehicle price affordable. Larger batteries add weight and cost but reduce range anxiety, improve consumer appeal, and increase energy efficiency and vehicle performance. However, heavy batteries also increase manufacturing cost, retail price, and negatively impact vehicle performance. This creates a delicate balance between range, price, and total cost of ownership.
Furthermore, while battery prices have decreased, the energy density gap between batteries and fossil fuels remains wide, requiring considerable battery mass for comparable range. This creates a "price-performance trade-off" where larger batteries improve range and performance but increase cost and vehicle weight, while smaller batteries reduce cost and weight but limit driving range and consumer acceptance.
The webinar will compare new and recently launched BEV and PHEV models to what is currently sold in the market, highlighting comparative advantages for future BEV and PHEV releases. Attendees can expect to gain insight on whether bigger batteries are justified and learn about the innovations in battery technology and vehicle design that manufacturers are pursuing to address this conundrum.
The webinar is beneficial for product managers in vehicle manufacturing, remarketing managers, companies with EV asset risks, fleet managers, and professionals in the EV industry. Registration for the webinar is free, and all are welcome to join the discussion on the economy behind large batteries in electric vehicles.
The webinar, titled "The Economy Behind Large Batteries in Electric Vehicles - Is Bigger Better?", will discuss how larger electric vehicle (EV) batteries, while improving range and consumer appeal, also increase cost and negatively impact vehicle performance, creating a delicate balance between range, price, and total cost of ownership. This raises the question of whether bigger batteries are justified, and attendees can expect to learn about the innovations in battery technology and vehicle design being pursued by manufacturers to address this trade-off.
As the world increasingly embraces electric vehicles and battery technology advances, the lifestyle implications of these innovations in terms of driving range, cost, and performance are of great interest to professionals in the EV industry, vehicle manufacturers, and fleet managers. Technology plays a crucial role in this transition, and the adoption of electric vehicles is set to significantly impact our overall lifestyle.
