I wonder if people are getting a little nervous around emissions regulations and wanting rid of their investment as they can see the market vanishing soon.
I do wonder about the future of Petrol cars, with Australia only selling 3.39% of new cars as EV you would think it will take forever for EV's to take over, but I feel the figure is much higher in other counties (like 84% for Norway) and once the rest of the world gets enough to cover local demand they will start to ship more here and it will increase exponentially. Using Norway as an example, if 84% of all new cars are EV and that rises to 100% in 2025 how long will it be before there are no petrol cars left in Norway? 2035 based on cars lasting 10 years?
Currently worldwide 2.2% of cars on the road are EV's. Any thoughts on when that will be more than 50% of cars on the road EV's? Also at what percentage of all cars being EV does the resale of petrol cars drop significantly enough to make them basically worthless?
