A huge price inflation in ICE is perfect for making EVs more affordable from a perception standpoint.
When the drivetrain cost drops well under ICE (pre-inflation, which should happen with Tesla in about a year depending on 4680 production) and charging takes off, ICEs will look completely noncompetitive.
If solid state batteries become feasible and/or LFP hits the magic density number of around 200-250 wh/kg? Look out. The bottom is going to fall out.
When the drivetrain cost drops well under ICE (pre-inflation, which should happen with Tesla in about a year depending on 4680 production) and charging takes off, ICEs will look completely noncompetitive.
If solid state batteries become feasible and/or LFP hits the magic density number of around 200-250 wh/kg? Look out. The bottom is going to fall out.