When will electric vehicles run out of power?
Posted by Steve Bokor & Ian Clark
Globally, EVs are exhibiting “hockey stick growth” in terms of sales, thanks to government subsidies (funded in part through carbon taxes on gas and diesel). But the trend remains volatile. Here in North America we may be falling behind the world, with China showing the highest adoption of EVs.
That could change in B.C. in the coming years, notwithstanding a few bumps in the road (like a potential future shortfall in lithium production to make batteries). Energy and maintenance cost reductions, stricter emission controls, government subsidies and the launch of new and affordable models are bringing EVs within reach of the average consumer. We estimate approximately a 75 per cent savings in energy costs.
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