2 ms·
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 Te
by 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.