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Are you arguing that the lead Norway has in EVs stems from Norwegians just being morally superior and not „#1 price conscious“? Because from what I‘ve heard th

by Joe-Z 8y ago

Are you arguing that the lead Norway has in EVs stems from Norwegians just being morally superior and not „#1 price conscious“? Because from what I‘ve heard the Norwegian government is pumping out a whole lot of subsidies to push EVs (including allowing to use bus lanes, which other vehicles are barred from)

sonnyblarney 8y ago
They are rich and therefore in a position to be 'morally superior' :) They have some pretty aggressive plans on electric cars, and they're very wealthy (ironically from oil...) consumers can buy them, and buy them at a high rate. The Scandinavian countries will probably be first to 'no combustion' cars, my #1 bet is Norway, #2 Sweden, #3 Denmark. #4 Netherlands. After that, who knows. Maybe Hong Kong or Singapore i.e. where it's 'small, rich and the economics work'.
- jbay808 8y ago
  America isn't rich?
  - sonnyblarney 8y ago
    Norwegians are per capita significantly richer than Americans. GDP per capita is a lot higher, and they have a sovereign wealth fund that owns almost 2% of all public stocks in the entire world. So 'America is rich' and Americans on average have quite a lot of cash, but overall, not so much as they will flip to electric at a $40K price tag. The Norwegians will flip to 100% electric soon. Also for social/political reasons as well though. Kuwaitis are rich but they're not going electric anytime soon.
floatrock 8y ago
Two things about Norway: - They have huge amounts of hydro so very cheap (and non-intermittent) domestic electricity - They taxed ICE's to the point that a Tesla hit price-parity with an ICE #2 is more interesting. Battery costs account for most of an EV's price premium today -- something like 30-40% of an EV cost is in the batteries. You look at the learning curves of battery production though and EV's are expected to hit price-parity with ICE's around 2023-2025. When that happens, expect an EV avalanche similar to what you see now in Norway.

by Joe-Z 8y ago

sonnyblarney 8y ago

They are rich and therefore in a position to be 'morally superior' :) They have some pretty aggressive plans on electric cars, and they're very wealthy (ironically from oil...) consumers can buy them, and buy them at a high rate. The Scandinavian countries will probably be first to 'no combustion' cars, my #1 bet is Norway, #2 Sweden, #3 Denmark. #4 Netherlands. After that, who knows. Maybe Hong Kong or Singapore i.e. where it's 'small, rich and the economics work'.

jbay808 8y ago
America isn't rich?
- sonnyblarney 8y ago
  Norwegians are per capita significantly richer than Americans. GDP per capita is a lot higher, and they have a sovereign wealth fund that owns almost 2% of all public stocks in the entire world. So 'America is rich' and Americans on average have quite a lot of cash, but overall, not so much as they will flip to electric at a $40K price tag. The Norwegians will flip to 100% electric soon. Also for social/political reasons as well though. Kuwaitis are rich but they're not going electric anytime soon.

floatrock 8y ago

Two things about Norway: - They have huge amounts of hydro so very cheap (and non-intermittent) domestic electricity - They taxed ICE's to the point that a Tesla hit price-parity with an ICE #2 is more interesting. Battery costs account for most of an EV's price premium today -- something like 30-40% of an EV cost is in the batteries. You look at the learning curves of battery production though and EV's are expected to hit price-parity with ICE's around 2023-2025. When that happens, expect an EV avalanche similar to what you see now in Norway.