Monday, July 10, 2017

When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think - The New York Times

A transportation tipping point; also see Tesla sells the most electric cars in the U.S. Will it stay that way? (Recode)
"The conventional view holds that electric cars will remain a niche product for many years, plagued by high sticker prices and heavily dependent on government subsidies.

But a growing number of analysts now argue that this pessimism is becoming outdated. A new report from Bloomberg New Energy Finance, a research group, suggests that the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies promoting zero-emission vehicles in China and Europe.

Between 2025 and 2030, the group predicts, plug-in vehicles will become cost competitive with traditional petroleum-powered cars, even without subsidies and even before taking fuel savings into account. Once that happens, mass adoption should quickly follow."
When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think - The New York Times
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