A Glimpse Into the Future of Technologically Mature Electric Cars

Highlights

The introduction of affordable 200+ mile electric cars under existing incentive programs offers a valuable glimpse into the future.
In the US, incentives will cover the entire battery pack cost of the Chevy Bolt.
In Norway, very large incentives will yield effective battery costs of negative $314/kWh – a massive bargain.
Current market shares of affordable electric cars are 0.2% in the US and 13% in Norway.
Near-term performance of subsidized electric cars in these countries should be indicative of long-term unsubsidized performance.