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Letters To The Editor
Letters To The Editor
economist.com/letters/2023/08/24/letters-to-the-editor
Schumpeter’s concern that bigger batteries increase EV prices overlooks the historical trend
of industries often seeing costs come down as they innovate and scale up. Market
imbalances in battery metals may indeed lead to short-term increases in prices, but this will
encourage more investments in new chemistries and capacity build-up, further supporting
the long price-reduction trend.
Furthermore, the opportunity to charge EVs during low demand or excess production from
renewable sources offers a significant benefit for the grid, not a strain. With smart charging
solutions, EVs can help decarbonise not only transportation but also electricity generation,
allowing a higher penetration of renewables in our energy mix.
Fabrizio Nastri
Paris
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