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Changes like this affect action today. If you are an automaker, are you going to spend limited development money on cars you won't be able to sell in NY in the
by greenonions 5y ago
Changes like this affect action today. If you are an automaker, are you going to spend limited development money on cars you won't be able to sell in NY in the future? Investors are already pricing in how well automakers are going to be prepared for bills like this and EU/UK laws. So bills like this actually cause a lot of positive change today.
- throwaway894345 5y ago> If you are an automaker, are you going to spend limited development money on cars you won't be able to sell in NY in the future? If I were an automaker, I don't think I would care much about this. The writing is already on the wall for internal combustion engines (ICE) and ICE is already pretty established so I don't really need to innovate here anyway (as opposed to body style, electronic features, etc) and the time horizon is longer than a decade by which point I'm expecting ratio of EV:ICE sales to shift significantly. This shifts it a bit more. I think what it might do today is inspire other states to pass similar legislation and otherwise normalize the notion that EVs are the future for those who aren't technologists or early adopters.
- spankalee 5y agoExactly. Electric cars aren't even a great answer - reducing vehicle miles traveled with more public mass transit and denser cities is needed - but there's far more opposition to that than electric cars.