ICE will be around for a long time in the US market. If I had to put a number on it, probably 30 years. This article is about demand, but even with robust demand there's massive infrastructural inertia behind ICE. Tens of thousands of trained mechanics. Oil and gas pipelines and tankers. A national network of gas stations with better coverage than any cell network.
About half of car sales are used vehicles - how long until there's a large market of used EVs? Or even reliable statistics on their depreciation?
People don't demand a certain type of propulsion technology, they demand reliable and cheap transportation. Sure, rich technophiles and environmentalists will be willing to pay a premium for a Tesla or a Leaf, but my guess is that market is close to saturated. Once Teslas are sustainably priced and their luster has worn a bit, they'll probably be most comparable to Cadillacs. Eye-catching styling and powerful, but lacking in the attention to detail that goes into German luxury cars.
About half of car sales are used vehicles - how long until there's a large market of used EVs? Or even reliable statistics on their depreciation?
People don't demand a certain type of propulsion technology, they demand reliable and cheap transportation. Sure, rich technophiles and environmentalists will be willing to pay a premium for a Tesla or a Leaf, but my guess is that market is close to saturated. Once Teslas are sustainably priced and their luster has worn a bit, they'll probably be most comparable to Cadillacs. Eye-catching styling and powerful, but lacking in the attention to detail that goes into German luxury cars.