Comment by metalman
6 days ago
There are now close to 10 major efforts to bring solid state batteries to the mass market ASAP. Front and center is the stated goal of proving all of these new types to a cold weather standard, including all saftey and environmental considerations. The automotive sector will be dropping fossil fuels fast, fuel shocks will only hasten this. Quite sure I wont be buying any new ICE engine powered car, ever.
> The automotive sector will be dropping fossil fuels fast
That is opposite of what is actually happening. IDK why there is pullback from EVs tho. Was thinking perhaps Cybertruck embellished this as a symbol of "excess" or something (despite being pretty practical and somewhat affordable work truck, contrary to popular belief).
It could be overall US policy. Renewables decrease dependency on oil, which decreases demand petrodollar (which is about 1% of US GDP so not sure if it's worth the squeeze for US), while also growing China's exports.
Notable mention is China is doubling down on low altitude economy (eVTOL and drone delivery) which pretty much depend on solid state batteries.
> IDK why there is pullback from EVs tho.
Trump cancelled a tax rebate that instantly made every EV 30% more expensive in the US.
Plus the higher interest rates. As soon as auto loan rates popped, demand started to crater.
But why did he done it? Rest of the world did the same - in NZ incentives got pulled and we are even taxed additionally per km now - same as 3 ton diesels, Europe pulled incentives and lowered emission guidelines...
All while interest rates are high and large upfront investments are harder for people.
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