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How Self-Driving Cars Will Accelerate Electric Vehicle Adoption

Green Car Congress

And while hybrid technology has taken off, drivers have been hesitant to accept fully battery-powered tech for a variety of reasons, including a lack of charging stations. Another hot topic in the auto world is autonomous rides. In fact, from 2014 to 2016, battery prices fell by 50 percent, allowing EVs to gain some traction.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

Companies that can financially sustain themselves through the EV ramp will succeed in the long run, assuming that they have the technology and auto industry credibility. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.

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What Part Do EVs Play in the Federal Net-Zero Emissions Target?

Clean Fleet Report

In 2016, nearly 200 countries ratified the Paris Agreement, an international treaty to reduce emissions and slow global warming. The car runs on a battery-powered motor and requires no gasoline, oil or any fossil fuels for operation. The high car demand has emphasized the need to adopt EVs and clean up auto industry emissions.