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I like what Schumer is trying to accomplish, but I don't think his plan will be necessary, at least for maybe a decade. Schumer is assuming that Americans are n
by woodandsteel 7y ago
I like what Schumer is trying to accomplish, but I don't think his plan will be necessary, at least for maybe a decade. Schumer is assuming that Americans are not going to want on their own to switch to EV's, and so they need financial incentives.
However, from all I read starting in another two or three years there is going to be an explosion of demand by consumers to buy EV's. This will be for a number of reasons, including governmental regulations, improving EV's, many more manufacturers selling many more different models, expanding charging networks, and perhaps most important, EV's will start to have sticker-price parity with ICE autos.
Demand will grow much faster than supply. One reason for this is that demand for li-ion batteries for electricity storage will be growing rapidly at the same time. As a consequence demand is going to outstrip supply for many years. It won't catch up until 2030 or later, and only then will it make sense to subsidize car swaps.