NewEnergyNews: EVs Rise

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    Thursday, September 01, 2016

    EVs Rise

    Why Electric Cars Will Be Here Sooner Than You Think; Adoption of electric vehicles will not be gradual, because the factors required to unlock demand for them are in place

    Christopher Mims, August 28, 2016 (Wall Street Journal)

    “In 2015, about one in every 150 cars sold in the U.S. had a plug and a battery. But mass adoption of electric vehicles is coming, and much sooner than most people realize…A typical electric vehicle today costs $30,000 and will go about 100 miles on a charge, if that. Within a year, you’ll be able to get double that range for just a little more money…Tesla Motors Inc. is the standard-bearer, promising a Model 3 vehicle meant to appeal to the masses at $35,000 without incentives and more than 200 miles of range. By comparison, the average new car in the U.S. today sells for about $33,000…Later this year, Chevrolet will roll out its $37,500 Bolt EV. It, too, boasts more than 200 miles of range, which appears to be the new goal for eliminating “range anxiety”—the fear that a vehicle will run out of juice—among potential electric-vehicle buyers…And that is just the start…Competition among electric vehicles and plug-in hybrids will be intense, which will drive down prices. Volkswagen AG has pledged to make every model available as a plug-in hybrid by 2025. BMW AG has made the same promise. Hyundai Motor Co. promises eight plug-in hybrid models by 2020, plus two all-electric vehicles. Toyota Motor Corp.’s overhaul of the plug-in Prius, boasting twice the range, arrives before the year is out…” click here for more

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