"This report does not focus on whether EVs are a practical and appealing new category for many drivers. They are. The world will see tens of millions more EVs on roads even without government mandates. But in banning ICE cars and mandating the use of EVs, policymakers are explicitly betting on the truth of three crucial claims:
- EVs will lead to “profound” reductions in CO2 emissions
- EVs are now, or will soon be, cheaper than, and operationally equal to, ICE cars
- There is a diminishing role for the automobile in modern times; in effect, there is a generational realignment in how citizens seek personal mobility.
All three are bad bets not supported by facts. Before turning to the realities of EV emissions, it is useful to consider the state of mobility as seen in U.S. driving trends. How much, where, and why people drive reveals the kinds of features actually sought in cars."
