Quote:
Originally Posted by ghaffari46
The International Energy Agency expects over 14 million EVs to be sold globally in 2023, which would account for about 18 percent of total car sales. The figure would represent a 35 percent increase year over year, accounting for as much as 18 percent of total car sales in 2023, so unlike popular belief many people globally embrace EVs.
The breakpoint is 20%, which will happen pretty soon, under 80% market share is not profitable for car companies to keep making ICE. Considering significant environmental changes that are happening now, many more people will embrace EVs( my 10 year old told me this morning I should take tesla instead my m5 to work to be more responsible, go figure!).
So as much as traditional car companies wanted to drag their feet to stay away from EVs, but market and governmental policies make them to be less dependent on ICE cars.
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Two things:
We are specifically talking about M cars. Not basic models
Explain to me how under 80% market share isn’t profitable for ICE but 20% market share is profitable for EV.