Millions of Americans have switched to driving electric and there are no signs of it slowing down. In fact, some of the world’s leading research organizations report that sales of internal combustion engines (ICEs) have already peaked. Studies estimate that electric vehicles will account for 26% of new car sales in the U.S. in 2030, rising to 60% in 2040.
Falling battery prices
EVs and ICEs are expected to reach price parity by the mid-2020s in most segments
Tighter emissions regulations
More stringent environmental standards are causing automakers to respond with a surge of new EV models launching in the next 5 years
Electric vehicles cost less to operate, so the higher initial vehicle cost can be offset over its lifetime. Compare the costs of driving with electricity versus driving with gasoline.
An EV electric drive system is 60-73% efficient on its own and 77-100% efficient with regenerative braking. Traditional gasoline engines are only 25-36% efficient, so not only do electric vehicles have much better fuel economies, they can produce tangible savings.
Fewer moving parts means less maintenance. Fully electric vehicles equal no more timing belts, transmission fluid, spark plugs or emissions checks.
EVs are quiet, surprisingly fast, produce less vibrations, and are highly responsive, resulting in a refreshingly different driving experience compared to their gas-powered counterparts.
Increased fuel economies and zero tail pipe emissions result in improved air qualities and reduced greenhouse gas emissions, the leading cause of climate change. See the positive impact driving an EV can have in your community.
Because electricity is a domestic energy source, using it to power vehicles rather than gasoline reduces the country’s dependence on imported fuels.