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E-cigarette and Vape Market Volume (Thousand Units) Projection, By Price Range 2020 to 2035 Figure 114: U.K

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"When you increase the price of tobacco by 10%, that you will decrease tobacco consumption by 4%," Orr said

Even at price points under $100, box mods boast more than sufficient performance to keep up with the nicotine demands of virtually any smoker looking to make the switch to e-cigarettes

This shift is broadly described in academic papers as the Swedish Experience. And yet the Swedes have an immense appetite for nicotine, the addictive chemical found in tobacco

1990: 1.65 (73% tax) 1991: 1.80 (73% tax) 1992: 2.08 (75% tax) 1993: 2.27 (75% tax) 1994: 2.52 (77% tax) 1995: 2.70 (77% tax) 1996: 2.89 (78% tax) 1997: 3.08 (79% tax) 1998: 3.36 (79% tax) 1999: 3.64 (79% tax) 2000: 3.88 (79% tax) 2001: 4.22 (80% tax) 2002: 4.39 (79% tax) 2003: 4.51 (79% tax) 2004: 4.65 (78% tax) 2005: 4.82 (78% tax) 2006: 5.05 (77% tax) 2007: 5.33 (76% tax) Now : 5.66 (77% tax)