Well one option is to give subsidies for electric cars to offset this a bit, the other is hope that electric production ramps up and drives the cost down - that

Well one option is to give subsidies for electric cars to offset this a bit, the other is hope that electric production ramps up and drives the cost down - that's why it would be increased gradually - from barely significant to unable to compete in 5 years. Around here we already have a law that any taxi drivers (Uber and others included) cannot use a car older than 5 years.