It's been clear the whole ICE chain is full of tipping points and hidden boosters that we have been seriously starting to accelerate towards for at least a deca

It's been clear the whole ICE chain is full of tipping points and hidden boosters that we have been seriously starting to accelerate towards for at least a decade now. This article actually doesn't even touch on many of the most important ones. Vehicles aren't just about the vehicle themselves, they include the whole chain needed to supply them with whatever energy they need and all the consequences said chain entails. For ICE, that means gasoline or diesel, and in turn a massive global supply chain with unavoidable geopolitical implications. Much the supply chain has the property of extremely high capex and fairly fixed by significant capex working upon a fairly cheap input. A modern refinery for example costs billions of dollars and then huge amounts more to keep running. What makes it all work is that it can be amortized with great reliability (demand for personal mechanized transportation isn't going anyway) across tremendous numbers of people. This shows up in how the industry itself tends to calculate the costs of refineries, which isn't in straight price but rather capex outlay per barrel of oil. For a long time refineries tended to be around $10-15k/barrel outlay, though that has gone up, and then operating cost. It's most efficient to run it at max capacity all the time. But if a critical mass of people switch to electric, suddenly the same fixed costs have to be spread out across a group that's shrunk enough that they see a significant cost increase at the pump. This shifts the economics against it further, and also begins to shift the economics for ships, pipelines and gas stations themselves, which encourages more BEV usage, which then repeats and boom we've got a driver for a classic equilibrium shift which makes for the steep part of an S-curve. And I think this sort of thing is rife through the industry. There are lots of hidden subsidies that are politically viable because the industry is necessary and in turn rich/powerful which it uses to entrench itself further. But as the bottom falls out those will get questioned more too. For a lot of countries they could get rid of significant externalities, geopolitical risk/unpleasantness, as well as explicit subsidies if they no longer depended on oil for transportation. BEVs also tie in nicely with a host of other positive spirals, like plummeting renewables driving demand for batteries both for vehicles and the grid (and vehicles indeed could play a major part in that creating genuine new economic value out of a time period when current vehicles are just sitting around depreciating). Enhancements to the grid also enhance every single electric user on the grid, so the amortization and ROI there can be fantastic too. So yeah, as well the vehicles themselves seeing a mass production rocket, there's a ton of other drivers pushing for a relatively sudden phase change. It'll be an interesting decade.