In the US - how do you see the market in...
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10 years
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20 years
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Beyond that
I don't know anything about electric cars and when I googled right now - I got super-annoyed. The hype is outrageous. And the media is more than willing to push that hype because it generates page views and sells ads.
Emphasis mine...
Honda's new solid-state batteries could double range and lower cost
Of course - that's the annoying hype. Here's the reality...
Honda does not even sell a fully-electric vehicle in North America. But this situation will change in the coming years, through a number of innovative ideas.
I agree with this. I think we have some time left with gasoline, but eventually prices will get so high that a basic gasoline commuter vehicle will be far more expensive to maintain that the electric alternative, even factoring in the cost of outfitting a home with a charger.
it is important to realize that Honda and Toyota REALLY lean in on the idea that they do not introduce a new technology unless they are 100% sure it will work for them, long term.
Absolutely correct being that most recently they were latecomers to turbocharging and direct injection while everyone else immediately went to those technologies as a means of getting their fleet fuel economy numbers up.
I don't think anyone has a clear picture of what US markets are gonna look like in two months, let alone a decade.
that being said
Cars function because petroleum is very energy dense. It takes a lot of energy to bring a mass of metal and plastic up to cruising speed. Our systems for generating electricity are not prepared for the sheer increase in demand caused by mass adoption of electric cars. I am not aware of any projects actually underway to prepare us for electrification. Any talk of moving away from petroleum fuel is just that -- talk. The only thing that could get us to the power output needed is nuclear, and that would be a decades long undertaking.
It would not surprise me if one of the major car companies comes out with a fully electric vehicle that massively outperforms Tesla in cost and function sometime in the next 5 years -- but that's mostly because I think Tesla has left the bar so low it's a tripping hazard. It would have the same market niche as a Tesla -- partially as a way to save on fuel, but primarily as a carbon indulgence used to assuage guilt.
From what I've seen the new Hyundai and KIA electric cars are better than the Model 3/Y in most ways, and the Lucid is better than the Model S in pretty much all categories. But I haven't driven any of them.
Must likely it's a phase. I have q hard time believing that electric will become the norm. Must likely some other type maybe hydrogen will come along. That is battery tech will greatly improve. But that would also require a functioning state of capitalism, or you know state sponsered research
I might get an electric car or plug in hybrid for my next car, but until gas gets more expensive it makes more sense to keep driving my old beater. The cheapest used electric car is still $5k-$10k.
On a national scale it makes much more sense to invest in public transit, but that's not profitable for GM.
