For a very long time, California has been the birthplace of technological trends that eventually spread to the entire US. I think this is no different. My guess is by 2025, CA will approach 40-50% EV market share and US will be 20-25%
I am very sceptical of the scope of the tax credit program. While the sourcing requirements make sense strategically, the pure potential amount of tax money that is spent here is not really worth the marginal demand in my opinion.
For a very long time, California has been the birthplace of technological trends that eventually spread to the entire US. I think this is no different. My guess is by 2025, CA will approach 40-50% EV market share and US will be 20-25%
Very insightful analysis. I think the tax credit will help accelerate EV adoption, but the main issue is the lead times to deliver these vehicles.
Great analysis as always.
I am very sceptical of the scope of the tax credit program. While the sourcing requirements make sense strategically, the pure potential amount of tax money that is spent here is not really worth the marginal demand in my opinion.
EV credits are such a waste of our tax $$ when demand far exceed supplies.
7kwh plugin hybrid approved is a joke, pissed me off that I have to pay my tax $$ for this bs.
However, I do like the battery sourcing rule though, brings a little manufacturing back to US
Agreed. The supply chain requirements decrease reliance on non-free trade nations, while also minimizing the taxpayer liability