3 ms·
There is less preventing EVs from becoming simple and low-cost than there is with ICE vehicles. I’m not surprised your narrative is present within extant autom
by svnt 4y ago
There is less preventing EVs from becoming simple and low-cost than there is with ICE vehicles.
I’m not surprised your narrative is present within extant automakers because with the exception of perhaps Nissan they are in this market having been dragged here by others’ innovation.
The reason status is winning is not because EVs need to be expensive. It’s because EVs like the Model S Plaid completely destroyed the performance segment of the market. For $120k you could not only beat but outright embarrass any ICE vehicle. ICE vehicles could not compete, and the fast EVs were profitable at lower volumes. EVs redefined the status segment.
Once the market wakes up, which the pandemic has largely accomplished, the transition will be as fast as we can produce the necessary vehicles, and as soon as people can afford them. Global oil conflict only helps the situation.