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> Cheapest EVs in developed countries have passed the $20k barrier, but I don't see everybody falling for EVs. Not sure what you mean here, EVs are easily the
by ogre_codes 6y ago
> Cheapest EVs in developed countries have passed the $20k barrier, but I don't see everybody falling for EVs.
Not sure what you mean here, EVs are easily the fastest growing auto-segment.
Massive EV sales growth is why all the auto makers are pushing hard on their EV efforts. EVs aren't matching ICE vehicles in volume yet, but they are grabbing big market share where they offer competitive products.
Look how quickly manufacturers jumped on making electric truck announcements once Tesla made it clear the Cybertruck was coming. From the looks of it, electric trucks are going to be big.
- baybal2 6y ago> Not sure what you mean here, EVs are easily the fastest growing auto-segment. Given that it grown from near zero after Tesla in markets which had zero EVs before, triple digit growth is not something extraordinary. In countries which already had some EV presence, hasn't been so spectacular.
- beefield 6y agoI like to compare the growth rates to iPhone. Apple had never to consecutive full production years of iPhone with triple digit growth rates. And by all measures iPhone growth was explosive in the smartphone market. Given how much more difficult it is to scale car production than phone production, it is quite obvious that double digit growth is as high as it is going to get. But with even that growth rate, the market for new cars is going to look very different in ten years time.
- jsight 6y agoIndeed, the old adage about people overestimating short term exponentials but underestimating long term exponentials remains true.
- ogre_codes 6y agoIn the US—where Tesla has been established for over a decade—EV sales are the strongest growth segment in the auto industry. On top of Tesla's growth, Chevy has had tremendous success with the Bolt.