this post was submitted on 19 Sep 2023
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[Dormant] Electric Vehicles
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Given that we don’t have the lithium production for that many batteries and we aren’t ramping up fast enough to support 100% car demand with BEVs in just a few years, no, they would not be magically cheaper.
But it wouldn't be immediate even if was legislated, there is a timeline and all the manufacturers in the world would be competing to get in. Not every single car would change, some people will drive theirs into the ground and not everyone will buy new and some will make the decision not to buy at all. It's alarmist to just say that it's impossible when there are steps being made every day to make it a reality.
We are ramping up though. There are something like 50 new battery factories under construction in Europe alone. The US has ~30 going up as well.