Mar 15, 2024
In the U.S. about 20% of vehicles consume 50% of gasoline and diesel, this represents about 25% of US oil consumption. The high consumption use cases, today, find EVs have cheaper life cycle costs. My guess is these cases will capture a larger share of the EV market. When will most of that segment be EV and reduce US oil consumption by 25%? My guess 2033. Improving battery performance and lower cost plus government policy plus consumer experience with lower life cycle cost will all increase the pace.