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There is inertia in the market. The existing fleet needs to be replaced. So even if EVs were equally affordable today it would still take years for them to reach a high market penetration.

And some ICE cars would also be sold in non-negligible amounts if those cars merely reached parity. You actually want them to be more affordable than the competition.




I guess that's the reasoning...

But factor in cheaper EV cost of driving, and posit:

taxis, delivery vehicles - changes fast to cheapest (EV)

Private and corporate leases - 2-3 years between replacements. Will move to cheapest option (EV)

How much of total driving is made in these categories and how much is "long tail" of private driving in old cars? S curve I say.




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