The prices are going to come down. It will follow the path of technology. It is a rather common trend.
Presently, the big barrier is batteries. They are still costly as compared to the whole.
If they can break that price wall in the next year or two, we could see the prices drop a ton.
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Yeah that is true here to reduce the price of petrol and Diesel they are using ethanol which seems to not only decrease the price but also the pollution and also incentivise farmers because it is extracted from sugarcane . So yeah technology eventually overcomes all the problems .
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They did away with Ethanol here a number of years ago. It dawned on someone that it was just as environmentally unfriendly to have biofuels as well as economically. They ended up with a food shortage.
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The food shortage part came up here too because in order to get the required amount of Ethanol the area of harvesting sugarcane must be expanded 10x more here which will decrease other crops area but seems like the government is going ahead with it .
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