When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think

A Volkswagen e-Golf electric car being charged in Dresden, Germany, in March. Volkswagen and Tesla each have plans to produce more than 1 million electric vehicles per year by 2025. Credit Fabrizio Bensch/Reuters

CLICK HERE - Bloomberg New Energy Finance (BNEF) - Electric Vehicle Outlook 2017

nytimes.com - by Brad Plumer - July 8, 2017

As the world’s automakers place larger bets on electric vehicle technology, many industry analysts are debating a key question: How quickly can plug-in cars become mainstream?

The conventional view holds that electric cars will remain a niche product for many years, plagued by high sticker prices and heavily dependent on government subsidies.

But a growing number of analysts now argue that this pessimism is becoming outdated. A new report from Bloomberg New Energy Finance, a research group, suggests that the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies promoting zero-emission vehicles in China and Europe.

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