EV's at Tipping point?
Dan Diehl
According to a recent article by Andy Stone in Forbes magazine, Electric Vehicles are on the cusp (or maybe already in) the mainstream. I know, people have been saying this for over a decade now, but to be honest, EV’s are catching on even faster than I predicted and I’m a huge proponent of them.
Here are a few indicators that point to the tipping point theory:
Tesla has made a profit the last five quarters and is worth roughly four times the big three combined.
GM has abandon sedans and will introduce 20 EV models over the next two years.
Volkswagen, the world’s largest automaker, will stop making internal combustion engines within the next five years.
California has outlawed the sale of gas and diesel powered vehicles starting in 2035.
China has required that EV’s account for 25% of domestic sales by 2025.
Several European countries have bans similar to California that will come online between 2025 and 2040.
The range of EV’s is increasing and the charging network is being built out.
Looking at the bullet points above, I would say that the market for EV’s is up. The manufacture of gas and diesel vehicles doesn’t look so rosy. Why not get your solar system now so you’re ready for your next car that will probably be an EV? Solar inverters are now available with built in EV chargers so you can charge your car or truck directly from the sun.