It’s also a place to conceal LLC just like Delaware.
There are currently about 290 million cars on the road in the US. A relatively insignificant percentage of those are EVs. And, over the next 5-10 years, my guess is that the sales of new cars here will be below 10% for EVs. ICEs will remain the dominant powertrain for the national fleet for some time ( decades). Gasoline is a commodity and the capacity is carefully balance with demand. Also, refineries have been shutting down for years and this has had essentially no impact on the price of gas. Other factors are more significant such as geopolitical issues for crude. And, the fact that a significant premium must be paid to obtain an EV vs. an equivalent ICE car, this will have a slowing effect on adoption of EVs. It takes some time to get your money back on the EV premium assuming one can afford that premium. Most people cannot. Toyota has been very cautious about EVs and may not be as wrong as some believe.
ICEs have their place and are more practical for longer trips and if living in less developed areas. They cost significantly less up front which is a real advantage for most buyers.
EVs are the perfect tool for driving in developed areas, for short trips where range is not a big factor, even in winter where not getting your ICE up to full operating temperature is an issue.
I intend to have one of each in the future.
How?One should be careful in extrapolating sales numbers from the coasts to the rest of the US. After a certain saturation level is reached in those areas, EV penetration/sales growth will likely slow as it will be a more difficult sell in much of the country for some time.
Model Y is number #1, Fiat is somewhere down there. Don’t forget European cold winters to EV mileage and you can travel cross country trips like many Europeans enjoy. China is the largest car market in the world.Also, the growth rate of EVs in European counties can not be used as good examples of what to expect in the US. European counties are generally more widely developed than much of the US, they have generally shorter drives and higher population density makes it easier to justify charging infrastructure investment.
Ever heard of California?They also have stricter laws regarding pollution and populations that are generally more environmentally conscious when making purchasing decisions.