Electric Vehicles Will Continue to Improve and Prices Will Continue to Fall
Driving Canada recently put out an article focused on the growing EV market in the Vancouver, Canada area. The article leads with this:
“Electric vehicles are growing in popularity. I can say that with confidence based on an increase in vehicles sales, the installation of more and more charging stations, and uptake of the Province’s Clean Energy for BC Incentive Program.”
Why are sales on the rise in British Columbia? As Driving Canada states, sales are up and will continue to rise due to reduced prices on plug-in vehicles (a result of battery prices going down) and the fact that plug-in vehicles continuously get better and better:
“…many advances have been made in electric vehicle batteries since the first EVs rolled off the line.”
“The other positive news is that electric vehicles, hybrids and the latest fuel-burning cars are seeing continuous improvements.”
EVs get better and prices go down. Of course sales should then go up, right?
Battery advancements will bring about future EVs that will make today’s models look feeble in comparison. Those models will actually be cheaper than today’s EVs. How can that not point to a positive future for EVs?