Never understood the economic basis for this movement. Just imagine the entire US transportation fleet running on batteries. Just the distribution and conversion reconversion of electricity will consume over 60% of the energy. Then there is the toxicity of the manufacturing process. Two things drive the ev market: pc prestige and government subsidy. The buyer pays a little prestige premium. All taxpayers pay the subsidy. A $ transfer to the guy buying a bmw level car☺
It flourished in the last 1/2 dozen years when no one in the administration knew how to read a balance sheet or p/l, but everyone was pc. In the current administration, most of them know how to read numbers and are not afraid to walk outside the box. Musk needs a new business model where the numbers add up right. Subsidies cannot last forever and Gucci premiums cannot be for the mass market.
Biting the hand that feeds IT
