Once you factor in the cost of the home charging station(and the required charging infra) and the battery and other electric components ,electric cars are(and will stay) more expensive ,meaningfully than ICE-cars. And ICE cars are much more reliable , they don't need an expensive battery swap every 5 years.
And when fuel is priced low it isn't more expensive than electricity.
So yes, an EV might have some extra benefits and some western consumers might be willing to pay more for that, others won't and especially not people at the 3rd world.
So only 10% global penetration rate unless there's some government incentive by 2040 and maybe longer seems likely.
And when fuel is priced low it isn't more expensive than electricity.
So yes, an EV might have some extra benefits and some western consumers might be willing to pay more for that, others won't and especially not people at the 3rd world.
So only 10% global penetration rate unless there's some government incentive by 2040 and maybe longer seems likely.