The government needs to pull a lot of levers before a capital solution is viable. But there is just no threat that gas prices will go up within the lifespan of the car (next 8 years), and gas prices are low relative to US income. Couple that with poor infrastructure for EVs and it’s a non-starter for the majority of americans, regardless of price.
I think there’s an induced demand that can happen if the prices get low enough, where you get a critical mass on EVs and the charging infrastructure follows. They’re just so beneficial to consumers in terms of operating costs that if you can get that initial buy in low enough you’ll find a lot of buyers are interested but who just can’t afford what’s on offer right now.
The economics make a ton more sense in Shanghi where electricty cost $0.07/kwh vs my city (san francisco) which is $0.60, almost 10x more. There’s only 2 charging stations with 8 spots each in my neighborhood of 60,000 people(!), neither of which you can park your car overnight.
The government needs to pull a lot of levers before a capital solution is viable. But there is just no threat that gas prices will go up within the lifespan of the car (next 8 years), and gas prices are low relative to US income. Couple that with poor infrastructure for EVs and it’s a non-starter for the majority of americans, regardless of price.
I think there’s an induced demand that can happen if the prices get low enough, where you get a critical mass on EVs and the charging infrastructure follows. They’re just so beneficial to consumers in terms of operating costs that if you can get that initial buy in low enough you’ll find a lot of buyers are interested but who just can’t afford what’s on offer right now.
The economics make a ton more sense in Shanghi where electricty cost $0.07/kwh vs my city (san francisco) which is $0.60, almost 10x more. There’s only 2 charging stations with 8 spots each in my neighborhood of 60,000 people(!), neither of which you can park your car overnight.