With vw mitigation settlement funds and competition among EV charging systems this is going to happen a lot sooner than you all think.
And as they produce more EVs and auto makers all go EV then prices will fall
Musk is going no where he is building a plant in Austin TX to build his EV semi
The minute I actually believe this I’ll drop everything I’m doing currently in the manufacturing/metals sector (actually part of the auto industry now- supply metal for Raptor running boards, heads, tranny casings, body sheet etc...) & I’ll go look for a job in the energy sector b/c there is NO F*****G way we are anywhere close to where we’d need to be for the “majority of vehicles being sold to be EVs within 5 years” or 10 years for that matter. As far from a truly dependable finished product an EV itself is- the grids ability to realistically support charging 10s of millions of EVs constantly while also making the charging station infrastructure reliable is much much much much further from being where it needs to be by comparison.
also- if it’s all bout $$$ - as others have pointed out, drop the subsidies & its less a biz case- the increased cost to produce & dispose of the batteries will be an ongoing issue.
in reality- it ain’t the ICE vehicles that should be getting slapped w/ regs - the EVs should be getting their own “pollution tax” @ point of sale instead of a ******** green credit the vehicles aren’t fully recyclable & their power comes from incineration & coal fired plants for the most part.
and - lastly, we’re making this EV push right at the time when the US is completely energy independent, a net exporter of oil, & refining the cheapest ******** fuel (inflation adjusted) we ever had in history....makes a lot of sense.
banana land