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This is a good point: "The fact that European and American manufacturers have concentrated on the premium market of early adopters has left them vulnerable. Ch
by gniv 3y ago
This is a good point:
"The fact that European and American manufacturers have concentrated on the premium market of early adopters has left them vulnerable. Chinese manufacturers like MG haven’t been so reluctant to address affordability, and there are other brands from China waiting in the wings to steal market share, such as BYD, just like Japanese carmakers did in the 1970s and 80s. While traditional European and US car companies might see EVs as a threat, the Chinese ones see them as an opportunity to get a bigger foothold in Western markets."
- Qem 3y agoEuropean and American manufacturers are treating electric cars like many organic/natural brands treats their foodstuff, charging premiums like sort of a guilty tax targeted at affluent clientele. You pay a lot to feel good, but if it's not made affordable for mass adoption it doesn't really make much difference.
- Mistletoe 3y agoVolvo has the new reasonably affordable (starts at 36k) EX30 coming and demand has been very strong. We put our money down last year and lots of us are eagerly anticipating delivery. I agree that the budget sector is where they need to concentrate. I assume car companies are milking that last gas premium as long as they can. Once people try electric they won’t go back to the nightmare that is the internal combustion engine. And I say that as someone that has worked a lifetime on gas engines and I’m done with it.
- user568439 3y agoMy next car will be electric but I don’t feel like ICE is any nightmare if you choose a reliable car. The same that will happen with EVs. The cars I owned were a VW Golf TDI IV, a Mercedes C220 (2003) and a Hyundai Ioniq non-plugin hybrid. Very happy with all 3 with only serious issue with the Golf in 15 years (turbo) and gearbox with the Mercedes at 250.000 kms. Zero problems with the Ioniq in 6 years and 110.000 kms. Definitely not a nightmare
- petodo 3y ago[dead]
- Swizec 3y ago> Once people try electric they won’t go back to the nightmare that is the internal combustion engine Infrastructure needs to catch up a bit more. I’ve tried electric and it was a nightmare if you don’t have a place to charge at home.
- votepaunchy 3y agoChina can just build more coal-fired power plants to satisfy the increased demand for electricity (and are incentivized to, given their promise to peak emissions in 2030). The West cannot, so the limited ramp-up will naturally focus first on the premium market.
- Qem 3y agohttps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/020824-infographic-china-solar-capacity-coal-electricity-renewable-energy-hydro-wind https://www.spglobal.com/commodityinsights/en/market-insight...
- bryanlarsen 3y agoEven if 100% of new cars sold were electric, it would take ~20 years to turn over the whole fleet. Once turned over, electric cars will require 20% more electricity than currently used. IOW, additional demand is under 1% per year. We build more new natgas than that every year.