“Carmakers' own statements to investors put electric cars at profit parity with combustion by the end of the decade, and BMW and Volvo Cars say they are already there on their newest models. Price and margin parity comes from scale.”

and

“Renault makes higher margins on its smallest electric models than on its larger ones, and Stellantis expects its ~€15,000 e-car to reach cost parity with ICEs in 2028.”

So, they aren’t only building (small) electric cars in order to meet EU emission regulations anymore.

That page also has bad news “Car CO₂ emissions are barely falling”. I think that’s mostly a matter of time, though. Even if all car and truck sales would be for fully electric vehicles, it would take decades to get rid of all ICE vehicles.

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outime 39 minutes ago | parent [-]

>it would take decades to get rid of all ICE vehicles

If governments were serious and fair about it, they'd just provide decent subsidies (or similar formula) to people who don't have enough money to switch, and it'd happen faster. What's going to happen though, is that many governments will just tax ICE vehicles to death (+ the cheaper chinese vehicles) while blaming you for not having enough money to switch.

	▲	AndrewDavis 15 minutes ago \| parent \| next [-]
		Another approach is to incentivise middle to high income earners like Australia has done re novated leases on EVs being exempt from fringe benefits tax. Lower income people aren't buying new cars, they buy second hand. So be incentivising others to purchase new EVs over combustion, it creates a supply for the second hand market in 5-10 year horizon for those lower income earners. And while subsidies are in place for new models, this further pushes down the price of used EVs. It'll be interesting what happens to Australias second hand EV market when the subsidies end in 2029.
	▲	dwattttt 17 minutes ago \| parent \| prev \| next [-]
		I've seen governments give tax incentives to buy EVs that are then sold 2-5 years later, pumping a secondary market of second hand EVs. Cheaper for the government (they don't pay, they just take less tax).
	▲	sandworm101 30 minutes ago \| parent \| prev [-]
		Beware the the "fair". Currently, governments are taking in vast amounts through fuel taxes. That will need to be replaced. It wont be an extra fee at registration. Current politics favors use taxes. As the concept of taxing electricity going into cars is a massive cluster of issues (ie the "smart grid" with differemt rates for different uses) the answer will likely be road pricing: a per-mile fee, which could mean manditory tracking. The transition to EVs as fair market actors is not over. It hasnt really begun.