Quote:
Originally Posted by Blackbird45
Like it or not EVs are going to take over.
Today’s investments in the EV world are slated to improving milage, charging speed, and access to charging stations. Musk just signed a contract for $100 million with BP to supply their stations with his chargers in the U.S., plus taxpayer dollars are being spent to place charging stations on our public roads. Once people get use to the convenance while on a highway just being able to pull into a rest stop and fill up while taking care of business or waking up in the morning with their cars fully charged at home the demand will start to surge again. And let’s take a look at the profits, EVs are much less expensive to produce then ICE vehicles. Between solar, wind and nuclear, electricity is also less expensive than producing and delivering fuel. Maybe because the last five years of my career was negotiating contracts, I see everything through the lens of dollars. But to bolster my position unless there is a request most all new homes are being built with electric heat, stoves and ovens. Why because it’s less expensive than running a second fuel sore. At the end of the day maybe not as fast as expected but EVs will dominate the market and the conversion will have nothing to do with climate change, just follow the money.
|
In 2006, did a paper on EVs for my masters program. At that time it was projected that at most EVs would gain 25% of the market, but to do that oil would. Have to double in price.
Last time I looked the EV share of the market it was still less than 10%. When Henry Ford started mass production of automobiles, did the government mandate their use over horses? No, the market decided. If it weren’t for government mandates imposed on us, the market share for EVs would be even less.