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Reminds me of the situation in Canada[1], which was due mostly to a government subsidy being phased out but certainly also in part "personality driven". In gene
by acc_297 2y ago
Reminds me of the situation in Canada[1], which was due mostly to a government subsidy being phased out but certainly also in part "personality driven". In general it seems like local subsidies are a huge driver of the global EV market share [2] - one hopes that the EV market will be able to stand on it's own one day and on it's own merits the technology will reach price parity with fossil fuels.
[1] https://www.thestar.com/business/tesla-sales-are-down-but-its-not-due-to-elon-musk/article_436c85f0-eaee-11ef-867a-3b2ce4484170.html https://www.thestar.com/business/tesla-sales-are-down-but-it...
[2] https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-cars https://www.iea.org/reports/global-ev-outlook-2024/trends-in...
- acc_297 2y agoOh, and specific to Tesla from a WP article last week: “ About a third of Tesla’s $35 billion in profits since 2014 has come from selling federal and state regulatory credits to other automakers. The credits are given to automakers that meet certain standards, including selling a certain percentage of zero-emission vehicles. Tesla is the largest seller of these credits to automakers that don’t meet the standards and want to avoid paying a fine.”