[arbor_day]

EVs are ~1% of cars and ~5% of new car sales. It seems like we have another 5 years until those scale effects start to really kick in.

[rootusrootus]

I agree, it will take some time for EVs to really take off. And the dynamics are difficult to predict. If even 5% of cars become electric, it will really move the needle on the retail gas pricing, which might slow EV adoption, etc. I expect it might go in waves. Although EVs have such a dramatic running cost advantage that as capital costs and range anxieties are addressed, the adoption rate will probably be supply limited for years.

[jeromegv]

EV growth of the last few years was nothing compared to the increase size of the average car (more SUV and pickup sales in proportion, compared to standard “cars”).

So really the EV market is still insignificant and gaz consumption for the average household has gone up, not down.

[bryanlarsen]

Price is set at the margin. If demand is 101% of supply, the price goes up. If demand is 99% of supply, the price goes down.