Look at these EV-related cost reductions
It’s insane.
As EVs continue to drop in price, as indicated in these charts from ARK Invest, the ICE car is rapidly dead.
Total cost, efficiency (miles per KWhr) and battery range just keep getting better.
How anyone can think legacy auto – delaying investment in volume EV manufacturing – is sensible is beyond me.
They are just falling further behind.
You get cheaper by scaling manufacturing.