States, Semiconductors, and the EV Transition

Photo by dcbel on Unsplash


Source: Inside Climate News


The first $500 billion in cumulative nationwide EV subsidies is associated a 7–10 percent increase in EV market share in 2035, an effect that diminishes as subsidies increase. The rate of intrinsic demand growth dwarfs the impact of demand-side subsidies and battery cost declines, highlighting the importance of non-monetary factors (e.g. charging infrastructure, product quality and/or cultural acceptance) on EV demand.



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