Look at the cars around you in traffic today and one commonality stands out. Virtually all have tailpipes, meaning internal combustion engines. That is about to change dramatically.
Tesla has made inroads, but now I believe we are approaching a turning point. In coming years we will see more widespread adoption as volume producers including General Motors, Nissan, and VW join with premium brands like Audi, BMW, Jaguar, Mercedes-Benz, and Porsche to launch numerous battery-only models. As more Americans experience the instant power and sporty handling that electric cars provide, more will want this new generation of electric vehicles.
Electronic vehicle (EV) sales in the U.S. last year totaled 361,307 — a fraction of more than 17 million new cars and light trucks but an increase of 81 percent year-on-year, according to industry figures. Where does the trend line go next? Some researchers, including at the International Monetary Fund, predict EV adoption will follow the model of a century ago, when cars displaced horse carriages on American streets within 15 years. Other experts see the U.S. remaining an island of internal combustion engines in a world gone electric. Deloitte made headlines by predicting that consumer disinterest would cause a glut of 14 million unwanted EVs globally over the next decade.