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This article has it exactly right. The EV revolution is about to happen. That is because plunging battery prices mean that in another two or three years EV stic
by woodandsteel 8y ago
This article has it exactly right. The EV revolution is about to happen. That is because plunging battery prices mean that in another two or three years EV sticker prices for larger cars will match that of ICE's, and in following years will match for smaller ones.
https://cleantechnica.com/2019/04/17/bnef-shocker-electric-cars-price-competitive-in-2020-as-battery-costs-plummet/ https://cleantechnica.com/2019/04/17/bnef-shocker-electric-c...
Given that operating expenses for EV's are much lower, market demand will suddenly swing over to EV's. The only limit to growth will be how fast battery production and EV production will be able to expand. And this will turn the auto industry, and everything associated with it, on its head.
What past history shows is that when there is a radical technical revolution like this, many if not all of the incumbents will go out of business, and many if not all of the new market leaders will be startups. And the transition is not an easy one, it is not like and ICE manufacturer can just decide one day to start making EV's and be doing so a year later. It takes years to develop the expertise and supply chain.
So the companies that are not pushing hard today are going to be in very serious trouble in a few years. And at present that includes most American manufacturers. Only GM seems semi-serious. And that in turn means the government should be doing everything right now to encourage them to get to work on EV's.
One final point. There is endless coverage about Tesla, and it certainly deserves a great deal of attention. But the press is largely missing the important story, which is that the EV revolution is starting to get going all around the world.