The loss of tax credits makes it harder, obviously. But the price floor for EVs has been gradually coming down over the years, while car prices in general have been going up. Given the reduced maintenance costs and tremendous savings on fuel, EVs are still a smart option in the long run for a lot of people.
The price of EVs have been coming down because the government has been footing the bill. Not just with incentives, but also with government funded R&D. Trump basically killed all of that.
The price has been coming down because the scale of production has been going up, the supply chains have been developing, and because they are being designed to be cheaper instead of being luxury toys for early adopters. Hell, there are engineering teams who are working exclusively on ways to lower the production costs.
And the R&D has not stopped. Billions are being poured into battery technology because everyone wants to be the one that gets the next big breakthrough. We’re not just talking about lab work either, manufacturing processes are being developed and refined to bring new technologies to market. None of that is stopping, especially since improvements in battery technology have applications far beyond EVs.
Trump killed EV incentives. Without government support it is hard to sell electric cars.
The loss of tax credits makes it harder, obviously. But the price floor for EVs has been gradually coming down over the years, while car prices in general have been going up. Given the reduced maintenance costs and tremendous savings on fuel, EVs are still a smart option in the long run for a lot of people.
The price of EVs have been coming down because the government has been footing the bill. Not just with incentives, but also with government funded R&D. Trump basically killed all of that.
The price has been coming down because the scale of production has been going up, the supply chains have been developing, and because they are being designed to be cheaper instead of being luxury toys for early adopters. Hell, there are engineering teams who are working exclusively on ways to lower the production costs.
And the R&D has not stopped. Billions are being poured into battery technology because everyone wants to be the one that gets the next big breakthrough. We’re not just talking about lab work either, manufacturing processes are being developed and refined to bring new technologies to market. None of that is stopping, especially since improvements in battery technology have applications far beyond EVs.