If for decades people have shown to pay £X for private travel in a car, why would business charge less than X?
Governments will temporarily provide incentives etc because it’s greener but the biggest costs of EV are in the hands of private enterprise (purchase/lease, electricity suppliers, maintenance shops) and they’ll extract maximum profit.
Anyone who thinks in the long term that EVs will cost a fraction of ICE are a bit naive imo
This is a steady process that has been going on for centuries in all kinds of different products. If it doesn't happen with EVs, it will be because government intervened to stop it.
[1] - https://conversableeconomist.blogspot.com/2012/04/price-of-n...
Actually I think you're right. It'll be greedy governments and naive interventions.
Which I'd be somewhat in favour of - because mass transit should be the focus of government transport departments and a mode of transport that they strongly encourage.
There's a limit on how cheap things can get.
Because of the invisible hand of the market, thanks to the magic of competition.
If you don't believe in god you shouldn't believe in the magic hand of the market, because it essentially is the same thing