If the government can drive up the cost of internal combustion cars, it will make electric vehicles seem less expensive. From Eric Peters at ericpetersautos.com:
Last week, California’s ruling elites – the “government” really ought to be referred to in this more accurate way – decreed that no one in California will be allowed to buy a new car that isn’t an electric car – an EeeeeeeeeeeeVeeeeee – beginning with the 2035 model year.
What will California’s ruling elites decree next?
It is easy enough to predict – because of the problem (for California’s ruling elites) that exists and will remain absent further decrees. That problem being, of course, the vast majority of cars owned by Californians that aren’t EeeeeeeeeeeeVeeeees. This being about 97 percent of the cars in California at the present moment, which is not likely to be even 50 percent by 2035.
For one, probably at least 50 percent of the cars currently on the road are likely to still be on the road ten years hence – which will take us to just about 2034, which is the last year it will still be legal to sell other-than-EeeeeeeeeeeeeVeeeeees in California – because almost any car sold this year will still have many years of useful life left in it. So also most of the cars sold in the past five years. And then there are the cars that will be sold in the coming years, all the way up through the 2024 model year.