EV Demand Takes a Gap Year Awaiting Sub-$30,000 Telsa

The energy transition requires subsidies, policy support and technological progress. Above all, though, it needs people to literally buy into it, and nothing exemplifies that better than electric vehicles.

EVs are a consumer product that radically alter established energy demand patterns: US gasoline consumption, despite having flattened out, remains the world’s single largest pool of oil demand. The problem is that, for a new consumer product, the buzz is notably muted here in…

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