Will Electronic Cars be Affordable?
Did you know that the first episode of Mister Roger’s featured an electric car? That was back in the ’70s and now in the 2020s, we’re finally seeing more electric cars, thanks to the auto manufacturer, Tesla. The question remaining is whether or not electric cars will become affordable for the masses. Luis Alvarez, of Alvarez Technology Group, interviewed with Tech Talk to answer this question.
Alvarez goes on to say that over the next couple of years, we’ll see a whole slew of electric vehicles coming out from BMW, perhaps, and Audi. The cheapest electric car on the market was manufactured by Tesla. It’s a sedan that runs for 50k to 60k. But, they’ll have to make one for a lot less to compete with affordable gas-powered cars and trucks. The price will ultimately be driven down once other manufacturers start producing electric cars that range around 25K.
Another reason Luiz Alvarez predicts that electronic cars will become available for the masses in a couple of years is the research that is being put into batteries and charging stations. In fact, the price of batteries is going down while their life expectancy and efficiency goes up. Part of this is the fact that they’re lighter now, made from lithium-ion.
Finally, big companies like Uber and Lyft expect all their drivers to be driving electric cars by 2030. Could this mean they will weed out the gas-powered drivers by giving preference to those who drive electronic cars? It’s possible they’ll use this strategy. Either way, it seems electric cars will become more popular as their price declines. The only way to do this, however, is for cheaper models to be made for the masses. Maybe we will see electric cars made by Kia, Ford, and GM.
To learn more about this topic, listen to the interview available here.