2 ms·
Because large manufacturers are seeing EVs are struggling to take off. Might as well spread your bets. They are also working heavily on efuel, that works with
by freetanga 2y ago
Because large manufacturers are seeing EVs are struggling to take off.
Might as well spread your bets. They are also working heavily on efuel, that works with ICE engines, does not pollute much, but currently would cost 2x at the pump. If they could shave that cost in half we could keep most ICEs (plus an add on catalyst). Distribution networks could be kept. Batteries and their chemicals would not be needed.
So if either pays off, it’s a fortune.
- freetanga 2y agoJust to clarify: I had to do an analysis on car markets across 10 countries in EU, Mexico and Latin America recently. If 100% of new vehicles were electric today, it would take 15 to 20 years to renew the whole fleet in those countries. But today the share of new EVs were between 0 to 5%. While there is a subyacent network effect (when 30% of gas stations close, it will be so hard to refuel that adoption will spike, which in turn will kill more gas stations), it still seems way off. The people I interviewed at car makers seemed to see EV as a new segment more than a new paradigm. Your mileage might vary.