Gas Cars Are Embarrassingly Uncompetitive vs. Electric Vehicles when total costs are calculated

Electric Mustang vehicle car

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.

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Wright’s Law Spells Doom For Legacy Auto Around The World

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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  1. Russ Fletcher on April 3, 2023 at 5:49 am

    The total cost difference will only get larger when companies like Uber and Lyft start offering on demand fully autonomous subscription services. It will no longer be financially feasible to own a car. You’ll just summon one when you need it. Our carcatecture infrastructure will be forever changed to be more human friendly.

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