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Will this lead to an increase in development of electric vehicles?
I would expect so, most of the big manufacturers have been playing around with electric/ hybrid cars for a while. While some things have fizzled out a bit e.g. Nissan Leaf. I think that the combined effect of Tesla putting out a viable product, and more and more charging stations showing up, It’s significantly reduced the difficulty for both early-adopters and car manufacturers.
Then with this ban coming 14 years away, the manufacturers arent going to want to miss out.