Bet 956

Duration 6 years (02024-02030)

“By 2030 there will be a major automotive vendor offering 15 year warranties on EV batteries.”

PREDICTOR
Gordon Shephard

CHALLENGER
Unchallenged

Shephard's Argument

The world’s largest vendor in EV batteries, CATL is now offering 10 year warranties. https://batteryindustry.tech/catl-starts-delivery-of-ev-batteries-with-600000-miles-warranty-that-can-last-15-years/. Geotab (https://www.geotab.com/blog/ev-battery-health/) has reported that battery degradation has improved from 2.3 to 1.8% degradation. With existing technology that would provide for 75% battery capacity after 15 years 100 x (1-0.018)^15. The learning curve will further increase this as EV volumes ramp up over the next few years, and CATL has already placed 15 year warranties on their roadmap.

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