4 ms·

For decades people paid 2 cents for a nail[1]. Why do nails cost 0.5 cents now? Because once you figure out a way to make them cheaper than 2 cents, you can mak

For decades people paid 2 cents for a nail[1]. Why do nails cost 0.5 cents now? Because once you figure out a way to make them cheaper than 2 cents, you can make more profit by charging less -- you take market share away from producers who can't go under two cents. This is a steady process that has been going on for centuries in all kinds of different products. If it doesn't happen with EVs, it will be because government intervened to stop it. [1] - https://conversableeconomist.blogspot.com/2012/04/price-of-nails.html https://conversableeconomist.blogspot.com/2012/04/price-of-n...

switch007 4y ago
> If it doesn't happen with EVs, it will be because government intervened to stop it. Actually I think you're right. It'll be greedy governments and naive interventions. Which I'd be somewhat in favour of - because mass transit should be the focus of government transport departments and a mode of transport that they strongly encourage.
fyvhbhn 4y ago
Or it won't, because electricity generation is not free and we acted as if energy from fossil fuels is endless and doesn't have any side effects. There's a limit on how cheap things can get.