Electric vehicles (EVs) have been around for more than a century, but have only recently been adopted as the vehicle of the future. Their rise comes as more people become conscientious about the devastating effects of fuel emissions and seek alternative fuel sources.

1. THE ERA OF EVS IS
CLOSER THAN YOU
THINK Bennat Berger

2. Electric vehicles (EVs)
have been around for
more than a century, but
have only recently been
adopted as the vehicle
of the future.
Their rise comes as
more people become
conscientious about the
devastating effects of
fuel emissions
and seek alternative fuel
sources.

3. Today, gasoline prices continue to rise and fall, and America
has grown more dependent upon foreign imports for fuel. According
to a 2013 report from Navigant Research, electric vehicles account
for more than 3 percent of new vehicle sales and are expected to
increase to nearly 7 percent worldwide by 2020.

4. The State of New York
recently announced it will
offer $2,000 to residents
who choose an eco-friendly
car. New York State’s Drive
Clean Rebate for Electric
Cars program provides up to
$2,000 if you purchase an
EV or a plug-in hybrid
vehicle.
If this purchase also ends
up qualifying for a federal
credit, you could save up to
$7,500 on your purchase.
The rebate is good for more
than 30 car models and is a
point-of-sale rebate — you
would take $2,000 off the
sticker price at the dealer
for instant savings.

5. State and federal government entities are taking the lead on
promoting the value of electric vehicles and providing incentives
to stimulate sales. Plug In America, a non-profit organization,
founded National Drive Electric Week in 2010 and advocates the
use of plug-in cars, trucks, and sport utility vehicles.

6. The organization points out
that EVs provide better
performance efficiency,
and that since electricity
prices are more stable than
gasoline prices, EV drivers
don’t have to stress about
fluctuations in fuel costs.
Plug In America also
highlights the benefits of
improved air quality because
of fewer emissions, the
convenience of skipping trips
to the gas stations and
worrying about oil changes,
and the benefit of bringing
money back to U.S. soil by
reducing our dependence on
imported oil.

7. This past year, economists noted that the electric car boom has left many
major oil companies concerned about potential losses as demand for oil-based
fuel drops. In April 2017, Total Chief Energy Economist Joel Cause shared his
forecast and insights at the Bloomberg New Energy Finance Conference in New
York, stating that EVs are expected to make up 15 to 30 percent of new
vehicles by 2030, which equates to more than 20 million sales of new cars.

8. Americans are already
making the shift to electric
vehicles at a steady rate;
sales of EVs soared in
2016 with a total of
159,139 vehicles sold,
including the Tesla Model
S and Model X, Chevrolet
Volt, and the Nissan Leaf.
According to Forbes,
sales of EVs in the United
States have grown at a
32% compound annual
growth rate in the past
four years and we saw a
$41 global increase in
sales in 2016 alone, with
777,497 electric vehicles
sold.

9. Demand for electric vehicles is on the rise as more people adopt
eco-friendly purchasing habits. As a result, we may see more
gasoline-powered vehicles being replaced at even higher rates in
the next few decades, along with a steady disappearance of gas
stations.

10. This shift could be a turning point in the history of the
American consumer, and for consumerism on a
global scale. And as the world becomes less reliant on
foreign fuel, the next generation of drivers will grow up with a
more eco-friendly, economical driving experience.

11. T H A N K Y O U !
Bennat Berger
W W W . B E N N A T B E R G E R . N E T