"If you want to know how quickly electric vehicles might spread across the US,
just look at California. In the past five years, EVs have gone from 2% of
new-car sales in the state to 22%.
The pace of adoption in California picked up significantly once EVs reached 5%
of new-car sales, a threshold at which preferences start to flip for mainstream
car buyers, according to a Bloomberg Green
analysis of EV adoption curves
around the world. California was one of the first major car markets to reach
that tipping point, in 2018, and so far 23 countries have been added to the
If California were itself a country, it would now rank fourth in terms of
overall EV sales; only China, the US and Germany sell more. The pace of
adoption in the state shows no signs of slowing, either, with second-quarter EV
sales rising 70% over the same period in 2022. The US as a whole is just three
years behind California, and currently tracing its path. If the trend
continues, a quarter of new car sales could be electric by 2026.
For all good technologies, there comes a point at which sticking with the old
tech no longer makes sense. Think smartphones in the 21st century or color TVs
in the 1960s. Sales move at a crawl in the early-adopter phase, then
surprisingly quickly once things go mainstream."
Via Future Crunch
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics