The premium paid by "first movers" has certainly been a very big one in the case of the EV industry. [https://www.drive.com.au/news/elect...ice-as-fast-as-petrol-according-to-new-data/] And I'm not sure the capital destruction is over; now I'm hearing accounts of negative residual values when EV's get scrapped, because the battery is a disposal liability due to lack of recycling capacity in Australia. ..
