Tesla has recently cut the price of it’s cars. Some cost have...

Tesla has recently cut the price of it’s cars.

Some cost have gone up, but overall the cost of like for like EVs is coming down. Happens with lots of new technology. As you go up the learning curve you go down the cost curve. Innovation happens and you find you can use less materials, or less expensive ones etc etc.

One could once have used the same arguments about ICEs vs the horse and cart, the raw materials and affordability for the masses.

Just look at how the price differential between hybrids and ordinary ICEs has shrunk.

The car companies are mostly rushing to switch to EVs. Where you see obstacles they see challenges.