Oil companies were denying climate change, but now they blame customers for climate change as they fight their inevitable demise.
The EV transition is a classic technology disruption, like smartphones or digital cameras. As EV prices continue to fall, buyers are switching to save money. Fueling electric vehicles costs about a third as much as gas cars; and new, middle-market EVs will be the same price by around 2025.
So what? Decarbonizing vehicles won’t cost trillions, it will save trillions. The faster we switch, the more we save. Local governments should plan for EV infrastructure, including fast chargers and charging in parking areas. Everyone wins by capping the future socialized costs of toxic pollution and climate pollution.
For electric utilities, EVs are by far the largest growth opportunity and will make our grid more efficient, thus benefiting everyone.
Everyone should expect quicker, cleaner, cheaper vehicles. The worst vehicle choice now is locking in the lifetime fuel costs and 30 to 100 tons of pollution from a new gas or diesel vehicle. Consider EV options, wait for the model you want, or buy used.
