Summary: Electric vehicles (EVs) are gaining popularity and sales are increasing after a brief slowdown. They offer several advantages over combustion cars, including lower maintenance costs, faster acceleration, and convenience, as most owners can charge them at home. As battery prices drop, EVs will become cheaper and more accessible, making them a better choice for consumers and helping to combat climate change.
The phenomenon of a superior technology displacing an older, inferior technology is not uncommon, and it generally looks like the EV transition is looking now. (View Highlight)
[T]he more gas stations there are, the more convenient it is to drive, and the more people drive, the more profitable it is to run a gas station. This is why we have a lot of cars and a lot of gas stations; they reinforce each other. (View Highlight)