What percentage of cars sold are electric?
Last year, electric vehicles accounted for about 2 percent of all car sales. This summer, that number jumped to nearly 5 percent of light-duty vehicles like SUVs and sedans and more than 20 percent of all passenger vehicles sales, according to recent data (Climatewire, Sept. 24).
What is the average life of a battery in an electric car?
Under current estimates, most EV batteries will last somewhere between 10-20 years before they need to be replaced. However, according to a survey by Cox Automotive, many potential EV buyers have reservations when it comes to battery life and the costs associated with battery replacement.
Are electric cars more expensive than gas cars?
Electric cars are more expensive than comparable gas-powered vehicles. “Sticker shock” often leads buyers to turn away from EVs, especially since upfront prices are more widely considered than overall cost to own. Electricity is much cheaper than gas, and EVs are highly efficient. Electric cars also require very little maintenance.
Are electric cars becoming more popular?
There is no doubt that electric cars are becoming more popular. Prices are becoming more competitive with traditional gasoline-powered cars.
Can automakers make a profit selling electric-only vehicles?
Traditional automakers are making billions of dollars selling millions of gasoline-powered cars each. No one has yet figured out a way to make a profit selling electric-only vehicles. It was only recently that anyone offered an electric-only car at a competitive price that can go more than 200 miles on a single charge.
Will electric cars make tech companies lose money?
Those companies will at least initially lose money on those cars. The cost of making those electric cars should be coming down as production of the cars and their key components, such as lithium ion batteries, increases. But costs aren’t coming down nearly as fast as they did for other types of technology — say, for new computer chips.