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.
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