No. Manufacturing costs will come down as the vehicles ramp up. It’s a big initial investment to get started.

Batteries have gotten cheaper every year for the past 15 years. They're also banking on a 40% decrease in labor costs, which is the real savings to make them profitable.

Thess idiot geniuses finally realized that less parts means less labor means EVs make them more money. Transitioning to EV was always going to be a "we'll do it when it makes us more money". It'd be funny if we hadn't needlessly burned the planet up some more when we could have started making the switch in the 90s.

Streamlining processes and expansion of markets for the components and products will bring prices down

Think of it like Ford “inventing” the assembly line process for cars. Was it more expensive to get the technology set up? Absolutely. But as soon as they smoothed out the issues and had an efficient process, they could sell the cars for cheaper due to less time input on manufacture and assembly

Battery prices have dropped a casual 90% over the past 10 years. There's still quite some way to drop. Don't let the high raw material prices fool you. Cost savings come largely from economies of scale - not raw materials.