[nsl73]

The developing world, a group very cost sensitive and unlikely to switch for environmental reasons, is putting gasoline vehicles on the road much faster than the developed road is taking them off.

For electric vehicles to eat the world they have to be cheaper than gasoline counterparts. Not only for luxury electric vehicles to be cheaper than luxury gasoline vehicles, but for the cheapest gasoline motorcycle/scooter/car to be more expensive than the cheapest electric motorcycle/scooter/car. Given the current cost materials inside a battery/electric engine compared to the current cost of materials inside a combustion engine it’s unlikely to happen with our current approach.

[yyyk]

The developing world can't pay much for ICE technology, and more importantly can't sustain it on its own. It will ultimately follow the lead of the developed world with a slight delay.