It is nonsense to forecast pure electric cars costing the same as traditional ones, then life continuing much as usual. The up-front price of pure electric PE cars will be dropping below that of internal combustion engine ICE ones around 2025. In motor industry terms, the 2025 tipping point is very close, and the industry may not have fully grasped the seismic effect it will have on sales of yesterday’s powertrains, including full hybrid electric vehicles (HEV) and plug-in HEVs. These do not have the cost reduction potential, and they will increasingly incur hassle from gasoline station numbers declining, restrictions on ICE vehicles and decline in resale price.
It took only ten years for major cities to flip from horses to cars. New cars could well be 100% pure electric in 2035, tougher emissions laws underwriting that.
The industry does not design and produce cars for 12 months ahead so those who have not prepared for the change could find their business going under. Once consumers see older car prices rise (as demand and availability changes) and electric cars becoming even cheaper, the tipping point approaches quite quickly.
My prediction on the charging points may differ somewhat because although many could have charging points at home, many will also not have and if we look at how many gasoline/petrol stations there are today, I foresee a lot of charging stations being around, but they no longer have to be at dedicated service stations - they can be at shopping malls, the workplace, or entertainment areas where drivers naturally park.
#EV Electric car tipping point will delight and destroy - EE Publishers
It is nonsense to forecast pure electric cars costing the same as traditional ones, then life continuing much as usual. The up-front price of pure electric PE cars will be dropping below that of internal combustion engine ICE ones around 2025. The fundamentals are now clear. Short range electric cars will continue to sell badly …