Rivian CEO issues strong statement about people who purchase gas-powered cars: ‘Sort of like building a horse barn in 1910’::“I don’t think I would have believed it.”
Rivian CEO issues strong statement about people who purchase gas-powered cars: ‘Sort of like building a horse barn in 1910’::“I don’t think I would have believed it.”
Maybe. I remember when I built my computer in the mid 2000s (in high school) and saw something about magnetic RAM and how it would be a huge game changer. I thought about holding off so I didn’t build something that would immediately be like buying something that runs on vacuum tubes in the age of transistors, but decided I wanted the computer sooner than later, it would still be useful, and who knows what would really happen with this magnetic RAM buzz. 20 years later, magnetic RAM has not, in fact, changed the game.
Even if Toyota does pull a rabbit out of its hat and they build a bunch of cars in 10 years, that 10-year-old car built today won’t be particularly attractive anyway.
The average age of cars on the road in America today is 12.5.
They better be attractive in 10 years or they won’t have an easy time with initial sales. The EV glut on dealer lots right now is representing that now - ICE vehicles are backlogged but EVs are plenty (but overpriced for their longevity).