July 9, 2017

IT'LL NEVER FLY, ORVILLE:

When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think (BRAD PLUMERJULY 8, 2017, NY TIMES)

 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.

"Our forecast doesn't hinge on countries adopting stringent new fuel standards or climate policies," said Colin McKerracher, the head of advanced transport analysis at Bloomberg New Energy Finance. "It's an economic analysis, looking at what happens when the upfront cost of electric vehicles reaches parity. That's when the real shift occurs."

Posted by at July 9, 2017 9:43 PM

  

« IMMIGRATION AND FORCED INNOVATION IS A POWERFUL RECIPE: | Main | WINNING THE WAR ON WAGES: »