If you live in an urban environment and your commui by by public transit, you don't reallyke the up front cost of an e v. It's the less urban areas which are going to see more a e v adoptions. And another interesting finding from our team recently is that evs are getting more miles driven now than combustion vehicles. Yesri frin: We're talking about tipping points in electric cars, around five %.
In the tech world, there’s a common belief that once a new device hits 5% market penetration, it rapidly goes from a niche to mass adoption. According to Bloomberg, the US has just passed that critical 5% tipping point for new EV purchases. Norway, an oil-rich country, was first to hit that 5% mark in 2013 and today boasts a stunning 86% of new cars being fully electric. Now California is driving the US along a similar road away from gasoline and diesel by passing a new law that will only allow emission free vehicles to be sold by 2035. Even with that California law, how confident can we be that all new American cars will be running clean? What does the 5% tipping point mean for other clean tech adoption?
Guests:
Albert Cheung, Head of Global Analysis, BloombergNEF
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