Golly gee, ya think?The demand for electric vehicles is projected to rise over the next two decades
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That's not what demand is.V "Demand" is not a good measure - the "Demand" is that far ahead of "manufacturing capability" that it's not funny
Demand for electric vehicles hasn't really changed much in 30 years. Maybe a slight uptick due to charging infrastructure. But the same number and same kinds of people to whom an EV was attractive 30 years ago is what we have today.
That is... 95%+ of people don't care about what's under the hood and would say "Can it do X? Sure. Whatever. How much?" A few extra people, 1%, would say "I don't care if it's expensive and shitty, I have a strong opinion about this!". Likewise, a few people would say "I don't care what price and performance it is. Screw EVs. Give me combustion or give me death."
But really, no change in demand.
What's changed is supply.
25 years ago if you wanted a decently performing EV, you... couldn't. Technology just wasn't there, really at any price. Lead acids suck.
15 years ago, price became an issue. The cost of lithiums was so high that there was no market for it. That is, for the value of any possible given vehicle, there wasn't a way you could make a vehicle that met that at a price lower than the value. Tech is there, price is not.
Since then, I think just about 100% of the market adoption of EVs has been due to plummeting lithium costs and/or subsidies.
Again, most people don't care.
If EVs were cheaper than gas cars, with the same speed, charging rates and range... almost no one would buy gas cars.
It's all a supply issue.