by Stephanie Hanes
Given recent headlines, one might be excused for thinking electric vehicles are in trouble.
From reports about Ford’s financial losses on its much-hyped electric F-150, to questions about the real eco-friendliness of EVs, to recent news of Tesla’s mass layoffs and questions about its supercharger program, the take-away seems to be that the electric revolution is stalling.
But it’s not.
The reality is that EV sales are growing rapidly, the technology is evolving briskly, and everyone from policymakers to auto executives to consumers is putting EVs at the center of long-term planning. Experts say a transition from a transportation sector based on the internal combustion engine to one that is electrified is all but inevitable.
“The trajectory is clear,” says Gernot Wagner, a climate economist at Columbia Business School. “None of this is ‘if’; it is ‘when.’”
Quoted in: “Tesla news looks grim. But the bigger picture for EVs is a bright one.” by Stephanie Hanes, Christian Science Monitor (6 May 2024).