If you look at light vehicle sales in the US they've been stuck at 17 million units a year for the last 25. I think that's why manufacturers keep retching up the size and cost of cars.
I keep seeing manufacturers spam in my engineering newsletters that point towards batteries that last 500,000 to maybe a million miles. And I know that electric motors can go that far. Potentially talking about cars that last 40-50 years.
You can imagine that makes the investor class unhappy, cause maybe the number of cars sold will drop.
ICE engines today can got 500k miles - most cars don't last that long though because other things go first. My wife's car runs great at 220k miles, but we want to replace it because of all the little things that are broken - things that are completely unrelated to the engine and would fail just as likely on a EV.
I keep seeing manufacturers spam in my engineering newsletters that point towards batteries that last 500,000 to maybe a million miles. And I know that electric motors can go that far. Potentially talking about cars that last 40-50 years.
You can imagine that makes the investor class unhappy, cause maybe the number of cars sold will drop.