Electric cars are dawning much faster than expected

Electric cars are dawning much faster than expected

The category of electric vehicles in Europe has nearly come in the price to their ‘enemies’ – gasoline & diesel cars. That is, however, possible only with government subsidies, which today cut off the final price for a consumer for 10,000 dollars at max. But analysts predict that with the ongoing fast development of long-lasting and cheap batteries, the market’s face will dramatically change in a few years, and subsidies won’t be needed anymore.
Tesla was a powerful pioneer in the area – nobody denies that. But their car batteries today are still far from perfection and maximal output. Also, their price is what keeps relatively high prices of electric cars.
Comparing the EU and the US, it becomes clear that due to not generous governmental incentives in the area in the US, as well as huge pro-gasoline manufacturers’ lobby, electric cars are not that popular yet. In the US, the sales of new electric cars are only 2%, while in Europe – 9% (with hybrids). Those aiming at leasing can find in Germany an electric Renault Zoe offered for $164 monthly.
The first manufacturer that reaches the point of the same price for electric vehicles will win the market. And that is powerfully driven today by tens of institutes in various countries (including Tesla), which are already working on cheaper batteries – like one of the leaders, the Karlsruhe Institute of Technology in Germany, which is at the threshold of a breakthrough in the price of batteries.