this post was submitted on 26 Oct 2023
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Honda says making cheap electric vehicles is too hard, ends deal with GM (arstechnica.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Honda says making cheap electric vehicles is too hard, ends deal with GM::The platform was to use GM's Ultium batteries.

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[–] Diplomjodler@feddit.de -1 points 1 year ago

Electric cars don't normally need a battery replacement during the car's lifetime. If the battery needs to be replaced, the car has usually already been running longer than most ICE cars ever would. The used market for EVs used to be pretty dire, with little supply and awful pricing. But it's slowly getting better. But of course the fact remains, that there is currently a lot of demand for cheap EVs and little supply. The Chinese are gearing up to eat up that part of the market.