Re:Schumer proposes $462B car swap – gas for electric
by woodandsteel on Saturday October 26, 2019 @07:56PM
(#21367072)
I like what Schumer is trying to accomplish, but I don't think his plan will be necessary, at least for maybe a decade. Schumer is assuming that Americans are not going to want on their own to switch to EV's, and so they need financial incentives.
However, from all I read starting in another two or three years there is going to be an explosion of demand by consumers to buy EV's. This will be for a number of reasons, including governmental regulations, improving EV's, many more manufacturers selling many more different models, expanding charging networks, and perhaps most important, EV's will start to have sticker-price parity with ICE autos.
Demand will grow much faster than supply. One reason for this is that demand for li-ion batteries for electricity storage will be growing rapidly at the same time. As a consequence demand is going to outstrip supply for many years. It won't catch up until 2030 or later, and only then will it make sense to subsidize car swaps.
However, from all I read starting in another two or three years there is going to be an explosion of demand by consumers to buy EV's. This will be for a number of reasons, including governmental regulations, improving EV's, many more manufacturers selling many more different models, expanding charging networks, and perhaps most important, EV's will start to have sticker-price parity with ICE autos.
Demand will grow much faster than supply. One reason for this is that demand for li-ion batteries for electricity storage will be growing rapidly at the same time. As a consequence demand is going to outstrip supply for many years. It won't catch up until 2030 or later, and only then will it make sense to subsidize car swaps.