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U.S. EV adoption is happening faster than anticipated

Teslarati

He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I ” Scott added that there was a 97% cost reduction in lithium-ion battery prices over the past three decades up to 2018. I don’t think the market is ready.

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BCG Report Expects Battery Costs Will Constrain Widespread Market Adoption of Fully Electric Vehicles, Absent a Technology Breakthrough; Forecasts 26% of Major Market New Cars in 2020 To be Hybrid or Electric

Green Car Congress

Although lithium-ion cell and pack costs are expected to fall sharply by 2020, they are unlikely to drop enough to support widespread adoption of fully electric vehicles without a major breakthrough in battery technology, according to a new study by The Boston Consulting Group (BCG). Source: BCG. Click to enlarge.