Thursday, January 31, 2013

Big Price Declines In 2013 Electric Vehicles: Price Cuts Put EVs On The Road

Substantial price cuts--as much as 18%--in the sticker price of electric vehicles are on the way. And these price declines are likely among the first of many more in the next 5 years.

Pricing, better range, and electricity charging infrastructure are the principal barriers of electric vehicles jumping from about one of every 250 vehicles sold in 2012 toward mass acceptance. Price cuts are one sure way to boost consumer acceptance of electric vehicles.  Add to price cuts better battery performance that is on the way to showrooms and the future for electric vehicles brightens considerably.

The success of electric vehicles would be a big, new market for all the fuels--gas, coal, nuclear, and renewables--that make electricity.  The success of EVs would create one loser--oil!

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