by Jay Turner, professor at Wellesley College and author
This is great data! How long does it typically take to construct an EV manufacturing site? Despite announcing in 2021, Rivian has yet to break ground on its potential site in Georgia. I think I saw them revise their timeline to 2026, so that'd be 5 years from the announcement.
If I recall various studies correctly, even once EVs make up majority of sales, it'll take 15-20 years to make a significant transition from internal combustion vehicles since vehicles on the road today last more than a decade on average. Do you think government will incentivize buy-backs of gas vehicles, or perhaps a carbon tax will be levied on gas purchases?