Automotive Paradigm Shift: The EVs Are Coming

The U.S. automobile industry may experience a paradigm shift from gas-powered vehicles to electric vehicles (EVs), according to auto executives recently interviewed onNPR’s Weekend Edition Saturday.

“Electrification, you cannot stop it anymore – it’s coming,” says Elmer Kades, a managing director with the New York City-based global consulting firm AlixPartners. “We have fantastic growth rates, between 50 and 60 percent on a global level.”

During the broadcast, Wall Street Journal’s automotive columnist Dan Neil, touted electric vehicles superiority, and he speculated that consumers could retire gas-powered vehicles before needing to replace the cars. Neil likened gas-powered cars to plasma televisions that were phased out by the less expensive, higher-quality LCD versions.

In 2017, electric vehicles sold a record 1.1 million worldwide. Worldwide EV sales will continue to surge to 30 million in 2030 as they become cheaper than internal combustion engine cars, according to a recent BloombergNEF report.

In North America, EV sales have increased 33 percent every year. By adding EV charging stations, municipalities can provide a valuable service to residents, enhance sustainability, and increase property values. Good Energy makes installing EV charging stations in your municipality quick and easy.

“Good Energy is at the cutting edge of the implementation of EV stations,” says Good Energy Managing Partner Javier Barrios. “Good Energy can design an EV charging station plan that best suits your municipality, aligning the types of stations and charging ability with your community.”

Good Energy will help municipalities define a strategy for installing EV charging stations. These stations can encourage revitalization and will become a valuable service to residents and visitors.

While the quiet hum of EVs rolling through the streets may be inevitable, expert disagree about timeline. During the NPR show, Felipe Munoz, a global analyst at JATO, predicted EVs will outsell gas-powered cars by 2030. On the other hand, Bill Visnic, editorial director at the Society of Automotive Engineers, sees gas and diesel-powered cars staying around for “quite some time.”

Sam Abuelsamid, an auto analyst with Navigant says, forecasts that the tipping point will occur about the mid-2020s, when EVs will cost about the same or less than gas- powered vehicles.

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