Plugs Taking Over The Streets

When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think

Brad Plumer, July 8, 2017 (NY Times)

“…[While the world’s automakers place larger bets on electric vehicle technology, the conventional view is] 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 But a growing number of analysts now argue that this pessimism is becoming outdated...Bloomberg New Energy Finance [predicts] the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies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…[Charging infrastructure is a] potential barrier…” click here for more

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