Gas Cars Are Embarrassingly Uncompetitive vs. Electric Vehicles when total costs are calculated
This analysis suggests that new ICEVs (internal combustion engine vehicles) are simply not competitive vs. BEVs (battery electric vehicles) anymore. When a premium BEV like the Tesla Model 3 can potentially cost about the same as a Toyota Corolla over 15 years, and a whopping $61,500 less than a same-class/lower-performance ICE vehicle, it won’t take long before buyers notice.
Wright’s Law states that the price of production for a given product will go down a fixed amount (different for different products) every time the cumulative number of units doubles. The insight this gives you is that costs go down in products that are relatively new and early in their production ramp.
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