There’s no reason to think that will last. The kwh/kg of batteries improves by 5-8% per year, and we’ve been in the higher end of that range the last few years. Meanwhile, EVs are about 30% heavier. It will take a few years of improvement to make up that gap, but there’s every reason to expect this trend to continue.
Also, it takes a few years for new batteries to find their way into existing models. 1.08^4 = 1.36, which means improvements in batteries since 2020 could have made up this gap already.
There’s no reason to think that will last. The kwh/kg of batteries improves by 5-8% per year, and we’ve been in the higher end of that range the last few years. Meanwhile, EVs are about 30% heavier. It will take a few years of improvement to make up that gap, but there’s every reason to expect this trend to continue.
Also, it takes a few years for new batteries to find their way into existing models. 1.08^4 = 1.36, which means improvements in batteries since 2020 could have made up this gap already.