Although electric vehicles make up less than 1% of global vehicle sales, car manufacturers around the world are attempting to "put a deadline on the life of [the] internal combustion engine," according to Wired. Presently, India, the UK, Norway, the Netherlands, and France, are only a few of the countries and cities that have expressed their desire to stop producing gas and diesel powered automobiles. China, which is the world's largest car market, also wants to phase out of manufacturing oil powered vehicles. The government of Norway is also "hopping on this bandwagon" by offering incentives to persuade buyers to buy electric vehicles. Thanks to their actions, electric car sales now account for 30 percent of sales.
General Motors claims to be working on a fully electric car they hope to release in the near future. Sweden's Volvo and Britain's Jaguar Land Rover and SUVs will by electric by 2020.
What does this mean for you? If you are looking to purchase an electric car, in 2018 you will have more options than ever. The new tax bill did not abolish the $7,500 tax credit for buying an electric car.
Tesla is releasing an "affordable" sedan, which should be available for the upcoming year.
Going electric is finally becoming easier and "more affordable." Although the push for electric cars is increasing thanks to global efforts to "go green," there is not yet enough competition to make electric cars truly affordable for the average family. However, with the growing production of electric vehicles, it is likely we will see a decrease in price within the next five to ten years. This means the age of electric cars has arrived.
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