Home

Electric cars are developing quickly technologically, culturally, and economically. Costs of production are down. Prices are down. Acceptance is up. Those trends, and the feedback between them, mean electric cars are now cheaper to own and operate that gasoline powered cars.

At current rates, sales of electric cars could outstrip diesel cars as early as May 2019” – The Guardian

Part of the benefit is subsidies, though the trend is so strong that the subsidies may not matter within the next few years. Hybrids, however, are more expensive than either all-electric or all-gas because each car contains both systems, raising part count, complexity, and failure rates. This is a dramatic change for an industry that considered any non-gas vehicle to be a curiosity only a few years ago. The disruption within the industry will also affect oil demand, electricity demand, as well as both infrastructures.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s