The Camry alone sells 400,000 a year in the US, where the market for new cars was 17.55 million units last year.

If Tesla can pump out 500K globally, that's respectable, but hardly a death knell to the 80 million unit industry.

http://www.latimes.com/business/autos/la-fi-hy-auto-sales-20...

https://www.statista.com/statistics/200002/international-car...

Watch the trends, not the current year.

The Renault-Nissan group sold almost 500k EV worldwide in the first six months of the year (481,151 units, to be more exact), and I don't see any news out-there of ICE cars "being toast". Link: http://www.media.blog.alliance-renault-nissan.com/news/the-r...

economics: as market share for electric cars grows demand for gasoline goes down and the price for gasoline (already low) goes down thus exacerbating the already large gap in cost between electric and gas.

electric will always be a victim of its own success unless it can actually become competitive with ice on cost and energy density.

remember that the baseline cost for an ice car is about $1000 (used) and $5000 (new). there is a world outside of california (shock) and it has billions of potential customers.

ice isnt going anywhere.