Tresla disrupted the global auto market and did things that no incumbent auto maker would do. But i think it's helpful to remember that tela migt not be here with if it weren't, for a us. Federal loan guarantees and some federal help in the early daystesla was very close to death and had a helping hand from the government to get to where it is. Policy helped it but ththwer continue to be subsidies.
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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