Without question, the electric vehicle (EV) revolution is underway. At some point later this decade, we will see cost-parity, meaning that the upfront cost of an EV will be comparable to its fossil fuel-burning counterpart. Given that EVs cost so much less to operate and maintain, that point will be the tipping point. However, we have to reach that point and, for most consumers, state level incentives will be needed to spur adoption to the levels necessary for states to meet their greenhouse gas reduction targets for 2025 and 2030.
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Tags: Energy policy & advocacy, Electric vehicles/Transportation, Phasing out fossil fuels