So many conflicting opinions and analysis to back up both that gasoline stays king and EVs take over. The reality is, EVs are going to need technology breakthroughs and serious government investment to get over the hurdle to mainstream.
Researchers with the Sloan School of Management at the Massachusetts Institute of Technology estimate sales of battery electric vehicles could reach 3.7 percent of all vehicle sales in 2040 if the auto industry, state and federal governments and the public maintain their current levels of investment. But MIT researchers believe pure electric car sales could soar to 50 percent of all vehicle sales by 2040 if there’s a coordinated effort to push EVs, including greater investments by automakers, larger subsidies for charging stations, a carbon tax on emissions and re-charging EV’s using 100 percent renewable electricity. In short, for electric cars to truly take off, more money will have to be spent.