Quantcast
Environmental News for a Healthier Planet and Life

Electric Vehicles Likely to Be as Cheap as Conventional Cars by 2025, Says Economist

Popular
With well over a billion cars worldwide, electric vehicles are still only a small percentage. An economist from the University of Michigan Energy Institute says that is likely to change. Maskot / Getty Images

In 2018, there were about 5 million electric cars on the road globally. It sounds like a large number, but with well over a billion cars worldwide, electric vehicles are still only a small percentage.


One barrier to people making the switch from conventional cars is cost. Electric vehicle prices generally remain high, mainly because batteries are still expensive.

But Ellen Hughes-Cromwick, senior economist at the University of Michigan Energy Institute, says that's changing.

"We are observing that many manufacturers as well as technology companies and innovative start-ups are driving that cost lower," she says. "We expect that in the next three to five years, that battery cost will be very competitive."

She says that by 2025, an electric car will likely cost the same as a comparable gas-powered one.

That will make them more accessible to consumers, even without financial incentives, which have already brought down the price of electric vehicles in many countries.

So as battery technology continues to evolve, more electric cars are likely to hit the road.

Reposted with permission from Yale Climate Connections.

EcoWatch Daily Newsletter

Pexels

By Charli Shield

At unsettling times like the coronavirus outbreak, it might feel like things are very much out of your control. Most routines have been thrown into disarray and the future, as far as the experts tell us, is far from certain.

Read More Show Less
Pie Ranch in San Mateo, California, is a highly diverse farm that has both organic and food justice certification. Katie Greaney

By Elizabeth Henderson

Farmworkers, farmers and their organizations around the country have been singing the same tune for years on the urgent need for immigration reform. That harmony turns to discord as soon as you get down to details on how to get it done, what to include and what compromises you are willing to make. Case in point: the Farm Workforce Modernization Act (H.R. 5038), which passed in the House of Representatives on Dec. 11, 2019, by a vote of 260-165. The Senate received the bill the next day and referred it to the Committee on the Judiciary, where it remains. Two hundred and fifty agriculture and labor groups signed on to the United Farm Workers' (UFW) call for support for H.R. 5038. UFW President Arturo Rodriguez rejoiced:

Read More Show Less
Sponsored
A woman walks to her train in Grand Central Terminal as New York City attempts to slow down the spread of coronavirus through social distancing on March 27. John Lamparski / Getty Images

By Julia Conley

A council representing more than 800,000 doctors across the U.S. signed a letter Friday imploring President Donald Trump to reverse his call for businesses to reopen by April 12, warning that the president's flouting of the guidance of public health experts could jeopardize the health of millions of Americans and throw hospitals into even more chaos as they fight the coronavirus pandemic.

Read More Show Less
polaristest / Flickr / CC BY-NC-ND 2.0

By Melissa Kravitz Hoeffner

Over six gallons of water are required to produce one gallon of wine. "Irrigation, sprays, and frost protection all [used in winemaking] require a lot of water," explained winemaker and sommelier Keith Wallace, who's also a professor and the founder of the Wine School of Philadelphia, the largest independent wine school in the U.S. And water waste is just the start of the climate-ruining inefficiencies commonplace in the wine industry. Sustainably speaking, climate change could be problematic for your favorite glass of wine.

Read More Show Less
Pixabay

By Rachael Link, MS, RD

Spinach is a true nutritional powerhouse, as it's rich in vitamins, minerals, and antioxidants.

Read More Show Less