Written by Thorbjorn Waagstein
Electric vehicles are presently ridiculously expensive. Could be the cost of the battery, couldn’t it? That is only part of the explanation. The other is scale: the production volume is too low to secure economies of scale. And to this comes a lack of competition: existing car producers are not really interested in selling quantities, as they will cannibalize their own profitable traditional car business. The answer is regulation and more competition. Not more subsidies.