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Joined 11 months ago
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Cake day: October 25th, 2023

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  • It’s true that EVs explosive growth has slowed as the following things have happened:

    1. Interest rates have increased considerably.
    2. In the U.S. at least, most EVs are pretty expensive. Early adopters that could afford the prices have mostly bought their EV and aren’t in the market for a replacement yet.
    3. The changeover from CCS to NACS is causing some people to sit out until 2025 model year cars start appearing with NACS ports.
    4. Electrify America has also done considerable damage to non-Tesla adoption as the experience of using their stations is very, very bad and lots of ink has been spilled about how bad the non-Tesla public DC charging situation is.

    On balance I think that ICE cars will be around with significant market share for much longer than anyone would have predicted even a year ago. But EVs are not going to die out or be a dead end product.