To those who think the technology can't be developed quickly - Having spent my career at a company which heavily invested in Research, Development and Manufacturing in the development of new technology, I was always impressed by how fast a new plant could come on line once the decision was made to move forward. (3-4 years from planning to finish) While you are correct in saying that cars are more complex than phones, most of the car does not need a lot of new technology. That leaves a few components of which batteries would appear to be the biggest issue. Would you please give a reference which addresses why building new battery factories would be such a long lead time?
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“There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.”
— Joan Robinson, “Contributions to Modern Economics” (1978)
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