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Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil
(www.theguardian.com)
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this post was submitted on 27 Nov 2023
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I think you're missing the context. China has shown that BEVs can be cost-competitive with ICE vehicles. This isn't some far out claim, it's the reality today. China has also been the primary driver behind the cost-competitiveness of solar, and produces the vast majority of the world's solar panels. The developed world is lagging behind not because the technology isn't there, but because they're unwilling to invest in it.
No - not a single BEV is cost-competitive in most European Countries with ICE Vehicles, UNLESS you have your own photovoltaics on the roof or power is less than 30 cent per kWh. And if you don't have a way to charge where you actually park, things are looking even worse, because then you pay 70 cent or more per kWh, making it extremely expensive. The "developed world" is not lagging behind because they are unwilling to invest - there is no incentive to invest money wise, because of stupid legislations or because other things are way too subsidized.
California has power rates at 34c/kWh off-peak and 43c/kWh peak. Europe isn't unique. Peak Tesla charging rates hover around 60c/kWh.
Well, i'd go so far and say California besides Canada is the most European Like in North-America...