0 sats \ 8 replies \ @TomK OP 3 Feb \ parent \ on: Did We See Peak Davos? econ
Nope. Look at Toyota
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I found the articles. Toyota EV sales make 0.9% (!!) of their business. It's more or less irrelevant until now: https://www.motor1.com/news/706746/toyota-electric-vehicle-2023-sales/
And their strategy points at hybrids like I said: https://www.themanual.com/auto/toyota-says-evs-wont-beat-hybrids/
IMO the hype will end with its subsidies. That's what happened in Germany.
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Until now nobody ever could give me a coherent answer on my question where do we extract the ressources for the electrification. They simply don't exist and if You quit subsidies for the consumer the market collapses. The planet will be running on oil at least the next 3 generations.
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I own both a Toyota plugin hybrid and a Tesla. I think Toyota is ultimately going to be proven correct that a hybrid model will be predominant over full electric.
Things may change in the far future, but in the near future I think full electrics are only appropriate for consumers that meet the following criteria:
- Those with regular work schedules that can keep their car charged while at work and while at home
- Those who live in places with perpetually fair weather
- Those who live in places with a built out EV charging infrastructure
If you don't meet those criteria, you're going to find owning a full electric a bit of a headache
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