Electric vehicles close to ‘tipping point’ of mass adoption
Electric vehicles are close to the “tipping point” of rapid mass adoption thanks to the plummeting cost of batteries, experts say.
Global sales rose 43% in 2020, but even faster growth is anticipated when continuing falls in battery prices bring the price of electric cars dipping below that of equivalent petrol and diesel models, even without subsidies. The latest analyses forecast that to happen some time between 2023 and 2025.
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I have no doubt we will soon reach the point where buying a car that is not electric is seen as a true head-scratcher. I, for one, intend to run my current Mazda gas-powered vehicle (all paid for) into the ground…and then buy an electric car. I simply couldn’t imagine spending a single nickel on any product which consumes fossil fuels.