Quote:
Originally Posted by accord1999
The spike coincides with a number of new incentives in Europe and a delay of EV subsidy phaseouts in China (plus a massive EV stock bubble). The question is how sustainable it is, no other European country is as rich as Norway and fuel taxes account for substantial revenue, plus Europe's electricity system will be increasingly stressed as many of the remaining coal and nuclear power plants are retired over the next decade.
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The costs are decreasing and will continue to do so, and carbon prices are increasing fast. It seems to be pretty sustainable. If there's a market for more generation, someone will build it. I keep seeing price as an issue, but consider this:
The average vehicle price for a new vehicle last year was about $40,000. Many of the new EVs are in that range and their maintenance and fuel costs much lower. Once fleets go electric it will normalize.
I was listening to a podcast today about the crazy growth in EVs in the UK and the guest made an interesting observation. Both computers and cell phones began as government/corporate technologies first which normalized things before they became consumer commodities. The UK has a VAT on corporate vehicles which are hugely important there. The government waived taxes on EVs and that has created a large switch which is normalizing electric vehicles to become consumer commodities. I think once the calculus makes sense financially for corporate/government entities, the switch will be rapid
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