Author Topic: EV Growth Projections May Go Bust  (Read 289 times)

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Online Elderberry

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EV Growth Projections May Go Bust
« on: May 22, 2021, 01:14:32 pm »
Watts Up With That by Ronald Stein 5/22/2021

The California warning signs may be verification about the drawbacks of EV’s

With a simple stroke of the pen, Governor Newsom believes he has the power to change the lifestyles of all California residents, and control the supply-demand balance for societies and the economy’s’ transportation needs.

Granted, that half the EV’s in the entire country are registered in California, the troubling news is that there may be warning signs about a bust to the EV growth bubble, as the statistics from California demonstrate that:

•   The highly educated and financially well off are currently the primary owners of EV’s.

•   EV usage being slightly more than 5000 miles a year is a reflection that the EV is a second vehicle and not the family workhorse vehicle.

•   The growing percentage of EV owners that are switching back to gasoline cars, is a message that may deflate EV growth projections.

•   The larger and heavier gasoline driven SUVs are currently half of the new car sales.

Governor Newsom apparently did not read the required reading for the next EV owner: Drawbacks of EV’s, before he announced on September 23, 2020 an executive order to ban the sale of gas-powered vehicles by 2035.  He is directing the state to require that, by 2035, all new cars and passenger trucks sold in California be zero-emission vehicles.

Maybe the residents of the other 49 states that collectively make up the other 50 percent of EV’s in America (approximately one percent per state) have read what California Governor Newsom has not comprehended from the following 20 drawbacks of EV’s provided by Motor Junkie:

20. Short Range Anxiety. Range anxiety is the number-one factor when it comes to EV downsides. Simply, modern electric vehicles are still range-limited due to their small capacity batteries. Most affordable electric cars on the market have a bit more than a 130-mile-range.

19. Long Charging Times. Even though Tesla and Porsche have made significant improvements, charging is still far from the speed to fill a gas tank. Putting the fuel in your car only takes a couple of minutes compared to charging your vehicle overnight.

More: https://wattsupwiththat.com/2021/05/22/a-bust-to-ev-growth-projections-may-be-in-the-making/