You only need to compare the US to Norway to see how the main driver for EV sales is coming from government subsidies. Total Norwegian EV incentives cut the cost of running a typical 60 kWh battery pack from over $200/kWh to negative $336/kWh. US incentives bring it down to negative $23/kWh. The consequences are clear: generous Norway sees EVs take 31% of the market share in cars. In the US it’s 1.4%. That makes EVs a luxury item in the US (like … [Read more...]