Electric Cars For Dummies

Chapter 16

Ten Predictions from EV Insiders (with Plenty of Commentary and Opinion Because It’s My Book There, Bub)

Scott Galloway, a professor at NYU's Stern School of Business and the host of The Pivot podcast, has correctly observed that anyone in the prediction business is basically peddling the equivalent of horse manure.

But I'm here to say (and no horse droppings this time) that predictions are fun!

The penalty for getting them wrong is minimal for people like me. I’m not paid to get the prediction business right, like a baseball talent scout or a meteorologist on the local news. In that way, I am to the EV prediction business what Jim Cramer is to the stock market business — just someone running my mouth. We get most of the predictions wrong, but the paycheck clears either way.

But still — lots of fun! And also, valuable! As Galloway says, again correctly in my opinion, “The value of a prediction is in the act of making it, not the prediction itself. Contemplating what may happen encourages us to take responsibility for decisions we make in the present.”

So, with that responsibility in mind — about the decisions we might need to make in the here and now — here goes.

When New EVs Will Cost $25,000

The price of EVs – or at least a model of Tesla EV – will hit $25,000 in 2023 — or at least in 2023 according to Elon Musk in 2021. You can read more about that statement here: https://electrek.co/2021/09/02/tesla-aims-to-release-25000-electric-car-in-2023-likely-will-not-have-a-steering-wheel ...