Apparently the consumers aren't so eager to invest in this. It's a chicken and egg problem on many levels:
- To be able to finance this you need the money you pay for oil. To use those money you already need the solution.
- To have many electric cars on the streets means you need the distribution system (ie gas stations). To finance the new electric stations you need enough cars on the road.
- To get the consumers to buy electric cars they need to have lower prices and better autonomy. To get to lower prices and better autonomy you need economies of scale and a few generations of cars to develop the technology.
This chicken&egg problem it's specific to this. Pretty much any successful entrepreneur just found a way to solve one in his domain. If nobody invested money and time in this it just means there are better ways to invest - i.e. it's time hasn't come yet. When it will, you'll see people coming with the money.
And about forcing the government to invest into a venture private capital doesn't dare enter yet it's ... not a good idea. This rarely works, and only for some special cases. Remember the government is always less efficient then private capital, so there'd better be a good reason to succed where free market failed.
- To be able to finance this you need the money you pay for oil. To use those money you already need the solution.
- To have many electric cars on the streets means you need the distribution system (ie gas stations). To finance the new electric stations you need enough cars on the road.
- To get the consumers to buy electric cars they need to have lower prices and better autonomy. To get to lower prices and better autonomy you need economies of scale and a few generations of cars to develop the technology.
This chicken&egg problem it's specific to this. Pretty much any successful entrepreneur just found a way to solve one in his domain. If nobody invested money and time in this it just means there are better ways to invest - i.e. it's time hasn't come yet. When it will, you'll see people coming with the money.
And about forcing the government to invest into a venture private capital doesn't dare enter yet it's ... not a good idea. This rarely works, and only for some special cases. Remember the government is always less efficient then private capital, so there'd better be a good reason to succed where free market failed.