Saudi Arabia shouldn’t have bothered. Nobody except China is even trying to make a cost-competitive EV (in fact, every other country is trying to block the import of those cost-competitive EVs). Poorer countries are stuck with ICE because the “developed world” refuses to develop cheaper clean alternatives that poorer people can actually use. Instead, we get Rivians and Lucids and Teslas supporter by billions of dollars in incentives and subsidies and no reason to meaningfully drive costs down. All for the sake of profit at the cost of progress.
I think you’re missing the context. China has shown that BEVs can be cost-competitive with ICE vehicles. This isn’t some far out claim, it’s the reality today. China has also been the primary driver behind the cost-competitiveness of solar, and produces the vast majority of the world’s solar panels. The developed world is lagging behind not because the technology isn’t there, but because they’re unwilling to invest in it.
I very much agree with you with the Saudi thing, some people say, but what would they do with that power? And I say mine crypto, smelt aluminum and laugh in our faces at the 100 other ways of stabilizing electricity.
Saudi Arabia shouldn’t have bothered. Nobody except China is even trying to make a cost-competitive EV (in fact, every other country is trying to block the import of those cost-competitive EVs). Poorer countries are stuck with ICE because the “developed world” refuses to develop cheaper clean alternatives that poorer people can actually use. Instead, we get Rivians and Lucids and Teslas supporter by billions of dollars in incentives and subsidies and no reason to meaningfully drive costs down. All for the sake of profit at the cost of progress.
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I think you’re missing the context. China has shown that BEVs can be cost-competitive with ICE vehicles. This isn’t some far out claim, it’s the reality today. China has also been the primary driver behind the cost-competitiveness of solar, and produces the vast majority of the world’s solar panels. The developed world is lagging behind not because the technology isn’t there, but because they’re unwilling to invest in it.
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California has power rates at 34c/kWh off-peak and 43c/kWh peak. Europe isn’t unique. Peak Tesla charging rates hover around 60c/kWh.
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I very much agree with you with the Saudi thing, some people say, but what would they do with that power? And I say mine crypto, smelt aluminum and laugh in our faces at the 100 other ways of stabilizing electricity.
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It’s really hard to be optimistic and solutions-oriented at times…