Electric Cars to Propel the Next Economic Boom

SYNOPSIS: Economic booms are amplified by technology-shifts. The rise of the Internet revolutionized the world economy. Could electric cars do the same?

An economic boom requires an increase in demand, and the possibility to satisfy this increased demand with supply. A bit cynically, the ideal situation for high economic growth is a post-war environment. The starting level is low, people know what they demand and with their labour, raw materials, technology and knowledge, they also know how to satisfy this demand with supply. On the other hand, an economic boom is difficult to create in a country where people's demand has stagnated. Japan or Germany may be examples of countries where the wealth level is high, but therefore also the demand for further economic progress is weaker in relative terms. It is difficult to make profitable investments in these countries, as "everything" which is demanded is already available.

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