The raw materials may continue to cost more for EVs. Motor windings are generally copper, and batteries contain lithium and (usually) cobalt and nickel. Permanent magnet motors sometimes contain rare earths.
One could make an EV with aluminum motor windings and electrical cabling, no rare earth magnets, and lithium iron phosphate batteries. That would keep expensive materials to a minimum.
EVs don't need a catalytic converter, so that's a big thing in their favor.
I'm looking forward to mass manufacturing continuing to bring down EV component prices. I think we're a long ways from the point where material costs are the bulk of the expense.
One could make an EV with aluminum motor windings and electrical cabling, no rare earth magnets, and lithium iron phosphate batteries. That would keep expensive materials to a minimum.
EVs don't need a catalytic converter, so that's a big thing in their favor.
I'm looking forward to mass manufacturing continuing to bring down EV component prices. I think we're a long ways from the point where material costs are the bulk of the expense.