03 Apr 2023 | Abstracted from Clean Technica
"Wright's Law states that the price of production for a given product will go down a fixed amount...every time the cumulative number of units doubles."...what does this mean for the auto industry? It means that electric car prices will continue to drop dramatically over the next 4 doublings in volume, which should be by 2028 to 2030.
"It isn’t the 2035 bans that they have to worry about - it's the ultra-competitive electric cars coming out over the next few years that will put them in a world of hurt."
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