The electric car revolution is coming. This is what has to happen first

Posted on: July 19, 2019, by :

(CNN)These days, when a major automaker unveils an electric car it gets a lot of press. That’s because electric cars are cool, special and futuristic. Someday, though, electric cars willjust be cars. But when will that happen? When wil lelectric cars no longer be a novelty item for earlyadopters?When will customers be willing to consider them regardless of goverment incentive just as they would a gasoline-powered car today?We may already be closer than you think. Analysts at Bloomberg New Energy Finance have predicted that 20 years from now, more than half of new cars sold will be electric.

Electric cars are still a relative novelty today, but they won't be for long.

Electric cars are still a relative novelty today, but they won’t be for long.”We see a real possibility that global sales of conventional passenger cars have already passed their peak,” said Colin McKerracher, head of advanced transport for BNEF. Content by Accenture Fighting the growing tide of cyber crime With threats on the rise, India is prioritizing cyber resilience. But, for electric cars to really go toe-to-toe against gasoline-powered cars, a few things need to happen first — and they won’t happen everywhere at once.

Going the distance

First, electric cars will need to go further on a single charge and they will need to charge faster.Seth Goldstein, an electric vehicle industry researcher at Morningstar, predicts that, within 10 years, electric cars will average around 300 miles on a charge, which should be enough for most people’s comfort. Currently, electric cars average about 200 miles on a charge, he said. Timeline: Electric cars have been around since before the US Civil War Since even 200 miles already far exceeds the amount most people drive in a day, the difference is mostly psychological. People are just used to getting far more than 200 miles out of a tank of gasoline.Longer range cars are coming, thanks to improvements in several areas. Better batteries can store more energy. Meanwhile, improvements in manufacturing are driving battery prices down, which allows car makers to install more battery cells without driving up prices too much. Today, electric car batteries cost about $176 per kilowatt-hour, but that figure will drop to just $87 per kWh by 2025, according toanalysts at Bloomberg New Energy Finance. (The kilowatt-hour, or kWh, is a measure of how much energy a battery can store. For instance, the Chevrolet Bolt EV has a 60 kWh battery pack while the much larger Tesla Model S can have a 100 kW pack.)Electric cars are also going farther thanks to improvements in the energy efficiency of the cars themselves. More efficient electric motors and even more efficient tires help. The new Tesla Model S Long Range, for instance, relies on efficiency improvements in its electric motors, tires and wheels that help reduce rolling and wind resistance, not extra battery capacity, to go 370 miles on a charge.