It may not matter. EV's are hitting the exponential growth curve, and
ICE vehicles are hitting the reverse exponential curve.
EV's will continue to get less expensive as volume production increases,
and new lower-end models come out.
ICE vehicle manufacturers are already making very slim profits, and as
demand for ICE vehicles goes down, so do their profits - as they will
start loosing the benefits of mass-production when they have to reduce
output. Most ICE manufacturers also have a HUGE amount of debt to deal
with.
On 10/29/2022 1:00 PM, EV List Lackey via EV wrote:
A 2035 ban was agreed on in principle in June but with some resistance. As
of Friday they seem to have mostly worked things out. The upshot is that
vehicles have to show 50-55% carbon reduction by 2030 and zero carbon by
2035, with boutique / luxury automakers given only an extra year.
It's said that this is effectively an EV mandate, but they did leave a door
open for "carbon-neutral fuels." I'm sure there's no way THAT provision can
be exploited. :-\
Germany was resisting the ban, no surprise as gasoline runs in their veins.
France also pushed back, which surprised and disappointed me. Stellantis
and Renault both buttonholed French prez Macron and got him to call for a 5
year extension, which we all know they'd later insist had to be extended
still further.
Stellantis is riding on Fiat's long love affair with gasoline. Their CEO
Carlos Tavares whined that the legislation "has social consequences that are
not manageable ... If you deny the middle classes access to freedom of
movement [because the automakers are profiteering on EVs], you are going to
have serious social problems." This shows a lot of gall, coming from one of
the companies that reacted to the auto semiconductor shortage by making
mostly its most expensive vehicles.
As for Renault, they used to be an EV leader, but they've lost EV momentum
since their new CEO Luca de Meo (formerly of VW's Seat) took over in 2020.
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