The adoption rate of electric vehicles (EVs) is a corollary of market forces. EVs must be able to compete with traditional vehicles. EVs may have a higher sticker price then traditional vehicles but they compensate with lower operating costs.
Electric cars do not need gas and they do not require maintenance like air filters and oil changes. Driving 120 miles in a gas engine car costs at least $13.50. The electricity needed to power an electric car 120 miles costs $2.20.
Mass production will bring down up front costs and as oil becomes more expensive, battery technologies like lithium-ion will be more competitive.
© 2011, Richard Matthews. All rights reserved.
Factors Determining Adoption Rate of EVs
Googles Green Vehicle Initiative
Government Investment Fuels Greener Vehicles
Governments and the Growth of EVs
Improving Battery Technology Key to Greener Cars
Electric Vehicle Battery Technology Obstacles and Solutions
America’s New Fuel Efficiency Standards
American Electric Vehicle Strategy
Obama’s National Goal of One Million EVs by 2015
Germany and the Global Competition for EV Supremacy
Chinese Government Investment in Electric Vehicles
Competition in the 2011 Greener Car Market
Competition in the Green Vehicle Market
The Value of Electric Vehicle Subsidies