Interesting chart on EV adoption by country. Norway is tops because of anti-ICE laws, zero emissions, and EV subsidies. Nepal is a strange one, apparently they have a lot of hydro power and are pushing EV infrastructure. The oddest one is Japan, you would think that an island nation that has had small cars for decades would be big on EV sales, but their percentage is one of the lowest. Bottom line to me is that if the government pushes or mandates EVs, people will buy them.
I live in Japan and just bought a Tesla model Y :) The simple answer is that most people here (including myself) live in apartments with zero infrastructure for home charging, which is what makes EVs most economical to run.
What made it worth it for me was Tesla offered three years of free supercharging and a huge government incentive to buy new (1,270,000 JPY back), plus I am intending to move out of my apartment within that time frame to a standalone house, where I will add enough solar and batteries to be effectively off-grid forever, including charging my car.
Combine that with the poor state of the real economy (inflation is probably around 20%+ in buying of goods terms), the aging population, plus the fact that all Japanese car manufacturers are luke-warm on EVs (Toyota chief among them), and you have the low adoption rate seen here.
Just like the government in the US mandates/pushes stocks. Look at the PE chart again. It wants to go back under 20 and spend some time in that range (like its wanted to since 2008). They can't admit any of their ideas are bad ideas. 401ks were a terrible idea, but when they were introduced the PE was at its lowest since right before the 1920's mania.
Japan has a special class of compact car with less than 1500cc engines that are very economical to drive. If you're in Japan, look for the yellow licence plates vs. green on regular cars. I drove one of those things on our last trip to Japan, a Mitsubishi. Went like a singed cat on the highway! Japanese drive really slowly and there's a lot of single lane roads with nowhere to pass. It will drive you nuts if you're used to N. American roads.
I believe in urban areas you can't even register a vehicle unless you have a private parking space as there's virtually no street parking. Their parking garages are interesting too. You don't drive in and park like we do, you drive onto an elevator, get out, and the car is parked automatically in stacks. Big space saver.
Driving's useless in urban areas most of the time anyway. Too much traffic for the size of the roads. Trains are much faster. Only problem with trains is they finish too early so if you stay out too late you're spending the night in one of those weird micro-hotels. As a result, night life in Tokyo starts earlier than N. America. There's even a song about that by Pizzicato-5: Tokyo at 7 PM.
Interesting chart on EV adoption by country. Norway is tops because of anti-ICE laws, zero emissions, and EV subsidies. Nepal is a strange one, apparently they have a lot of hydro power and are pushing EV infrastructure. The oddest one is Japan, you would think that an island nation that has had small cars for decades would be big on EV sales, but their percentage is one of the lowest. Bottom line to me is that if the government pushes or mandates EVs, people will buy them.
I live in Japan and just bought a Tesla model Y :) The simple answer is that most people here (including myself) live in apartments with zero infrastructure for home charging, which is what makes EVs most economical to run.
What made it worth it for me was Tesla offered three years of free supercharging and a huge government incentive to buy new (1,270,000 JPY back), plus I am intending to move out of my apartment within that time frame to a standalone house, where I will add enough solar and batteries to be effectively off-grid forever, including charging my car.
Combine that with the poor state of the real economy (inflation is probably around 20%+ in buying of goods terms), the aging population, plus the fact that all Japanese car manufacturers are luke-warm on EVs (Toyota chief among them), and you have the low adoption rate seen here.
Hope this helps give an anecdotal data point!
Cheers,
Paul :)
Mind out for those in car EMFs.. might want to purchase a meter.
Just like the government in the US mandates/pushes stocks. Look at the PE chart again. It wants to go back under 20 and spend some time in that range (like its wanted to since 2008). They can't admit any of their ideas are bad ideas. 401ks were a terrible idea, but when they were introduced the PE was at its lowest since right before the 1920's mania.
also japanese population is older; maybe they still have their older, small economical cars and don't want new spy-mobiles with radar.
Japan has a special class of compact car with less than 1500cc engines that are very economical to drive. If you're in Japan, look for the yellow licence plates vs. green on regular cars. I drove one of those things on our last trip to Japan, a Mitsubishi. Went like a singed cat on the highway! Japanese drive really slowly and there's a lot of single lane roads with nowhere to pass. It will drive you nuts if you're used to N. American roads.
There's no need to own a car in Japan, and Japanese car owners drive far less than westerners, far-far less than Americans.
I believe in urban areas you can't even register a vehicle unless you have a private parking space as there's virtually no street parking. Their parking garages are interesting too. You don't drive in and park like we do, you drive onto an elevator, get out, and the car is parked automatically in stacks. Big space saver.
Driving's useless in urban areas most of the time anyway. Too much traffic for the size of the roads. Trains are much faster. Only problem with trains is they finish too early so if you stay out too late you're spending the night in one of those weird micro-hotels. As a result, night life in Tokyo starts earlier than N. America. There's even a song about that by Pizzicato-5: Tokyo at 7 PM.
https://www.youtube.com/watch?v=3d0ejbGvwJ4&list=RD3d0ejbGvwJ4&start_radio=1
I sat in the cold a few nights waiting for a train station to open when I was a high school student in Japan from 1973-1976.
"LatAm FX beating the dollar: Colombian peso +17% over 5 years"
Somehow this chart left out the Argentine peso: https://www.xe.com/en-ca/currencycharts/?from=ARS&to=USD&view=5Y
Crack-Spreads!
There's a joke in there that isn't allow in polite company 😂
Absolutely eye opening charts that support the economical “trends” that every person should see and WAKE UP. 🙏