exceed sales of cars
The debate over electric cars is raging among the world’s largest automakers
Among the largest automakers in the world are raging debate about electric vehicles. Some believe that electric cars produced by companies other than Tesla have a chance of becoming a hit, while others think that manufacturers will not be able to sell electric cars at a profit.
Toyota contributed to the start of the movement of “green cars” with its hybrid Prius more than 20 years ago, but the company is not so optimistic about the American consumers of electric vehicles. Bob Carter, Executive Vice President of sales for Toyota Motor North America, said at a conference dedicated to the new York motor show that batteries are still too expensive and make electric cars inaccessible to many buyers. Continue reading
Electric cars are a triple win for climate, clean air and the economy
The production of electric vehicles is still more expensive than the production of their gasoline competitors, but policy changes and market expansion can quickly change in favor of electric vehicles.
Technical and economic studies show that the average cost of electric cars can become the same as that of cars with ice over the next 8 years and even earlier. When fuel economy is taken into account, electric cars may be cheaper in some markets, and automakers may make profits comparable to or greater than gasoline-powered cars by 2025 or earlier. Continue reading
