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Wright's Law Spells Doom For Legacy Auto Around The World
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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