Comment by toomuchtodo
1 day ago
California is the world’s fourth largest economy, so this tracks. Whether or not flyover country gets EVs is immaterial to the overall US situation. They can pay forward curve petrol prices if they so choose (“freedom!”), or find a suitable EV if that is a more suitable choice for their needs, unless federal policy returns to assist with purchasing. I am hopeful, concerning recent regime change, that federal EV incentives come back to enable folks to buy affordable EVs (because we should be optimizing for affordable zero emission mobility for all, imho), but only time will tell.
Wyoming‘s population of 600k people is less than one percent of total US population, for example. Californians buy about half that number of EVs per year (~300k-400k).
Flyover country has several times the population of California. It’s vital to the success of American manufacturers that their products sell well there too.
Nah. You go where the purchasing power is, and that is not poor rural America that is evaporating [1]. K Shaped economy. That’s related, but distinct from the fact that American auto makers are already dead. They collectively wrote off $50B in EV investment to turn away from EVs, and GM just created a $20B multi year stock buyback plan while not investing more in electrification. That is an active choice to allocate that capital to profits instead of investment to build EVs.
The future is affordable, well built Chinese EVs. They already have the capacity to build 50M EVs per year, more than half of global total light vehicle demand. They are currently exporting ~12M/year, and constrained only by there not being enough marine car carriers available to ship more. They are building more car carriers to ramp exports to the world. How long would it take the US to learn how to build 10-20M EVs per year? A decade, probably more, on current trajectories, during which Chinese automakers will continue to ramp. “Build the machine that builds the machine.”
[1] https://news.ycombinator.com/item?id=48586250
(the US sold out its future in this context for globalization and shareholder returns, unfortunately)
There are plenty of well-off people in poor rural areas, and there are plenty of wealthy urban areas in flyover country. California is an important market but it's not so important that the rest can be ignored.
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>because we should be optimizing for affordable zero emission mobility for all, imho
Cool, build rail and solar.
That’s just what we need: more subsidies to Elon Musk via federal EV tax credits.
Limit subsidies to vehicles that are no more expensive than $25k after subsidies. Make them build cars like BYD, with sub 4% margins. No subsidies for Tesla, they had their chance. He can find a new grift. It’s time to focus on people who actually build, not those who use theatrics to inflate silly capital market numbers for power and status.
To be fair an absolute amount already does that. $6k less is nice for a Mercedes CLA (~$55k), but there's a reason you can't buy a Hyundai Inster ($20k) and get it within a year.