Musk and Detroit convinced people that EVs should be expensive. The reality is the profit margins on EVs are huge. Battery costs dropped 90% in the last decade, there is no reason why EVs should cost more than ICE.
I think at the time, they had to prove to the world that EVs weren’t a cheaper alternative but a luxurious upgrade. Now that they’ve established prestige, the prices should drop, well if governments do their jobs properly.
Musk and Detroit convinced people that EVs should be expensive. The reality is the profit margins on EVs are huge. Battery costs dropped 90% in the last decade, there is no reason why EVs should cost more than ICE.
I think at the time, they had to prove to the world that EVs weren’t a cheaper alternative but a luxurious upgrade. Now that they’ve established prestige, the prices should drop, well if governments do their jobs properly.