i think any, any tipping point happens because consumers see a product that's become affordable and readily available to buy. And most importantly, at the tipping point, is that you can see that lots of other people are buying them. That's, that's what drives the tipping point. Because wewe, we adopt things because our neighbour, joe is, is adopting it, and he loves it. And this is exactly what we see with evs. Now, policy er is what makes all that possible. I don't think, by the way, i don't think policies may have made evies desirable. I think the market did that. Some very clever and innovatof companies
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
For show notes and related links, visit ClimateOne.org
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