The starting price for a Rivian is US$67,500, Tesla’s Cybertruck is US$39,900, and the GMC Hummer is US$79,995.
SAVE CARS FAST AS LIGHTNING PROGRESS TO THE CLOUD DRIVER
has already crossed that threshold, while Car and Driver says federal tax credits play a significant role.Ī basic Ford F-150 Lightning EV will cost about US$42,000, and the XLT will be around US$55,000. Consumer Reports asserted that the price in the U.S. The Wall Street Journal speculated that many people would switch to an electric vehicle to save money once the total cost of owning an electric vehicle is lower than a comparable gasoline-powered one. The Future of Electric Vehicles: Costs are Equalizing Chevy’s electric Silverado claims 400 miles. For example, Ford’s all-electric F-150 Lightning has a targeted EPA-estimated range of 300 miles. The new SUVs and pickups feature a long battery range, high-towing capacity, and all the extras typical of mid range luxury vehicles. Before, new battery technologies had to be tested for months or years to determine how long they would last. Stanford developed a machine learning program that is reducing battery testing times by 98 percent. According to Stanford University, artificial intelligence has made recharging an EV in the time it takes to stop at a gas station a more likely reality. The Future of Electric Vehicles: Battery Technology is Keyīattery performance is key to the electric vehicle experience, from driving range and charging time to the car's lifetime. In addition to improving and broadening EV model selection, consumer acceptance of EVs has been a process of the industry making improvements in vehicle range and battery technology, cost, and charging infrastructure. He is predicting that the EV takeover of the global automotive industry will be complete in 19 years. Similar increases were seen internationally, with interest in EVs roughly doubling in China, France, Germany, and the U.K.īarron's reported that Piper Sandler analyst Alexander Potter forecasts EV penetration at 45 percent of new car sales by 2030, and 94 percent by 2040. In March 2021, the number grew to 51 percent. In spring 2020, 34 percent of survey respondents would be willing to buy an electric vehicle. auto market.Ĭustomers are coming around to EVs. for the first time in 2020, and pickup trucks captured an additional 20 percent of the U.S.
SUVs and crossovers accounted for half of all vehicles sold in the U.S. Large vehicles are the most lucrative U.S.
But what has main street buzzing are the electric versions of the Ford F-150, due for release in Spring 2022, and Chevy Silverado pickup trucks. There are hundreds of thousands of preorders for the Hummer EV, Rivian’s electric pickup truck, and the futuristic Tesla’s Cybertruck, which looks like it has bounded out of a video game. Simply put, the future of electric vehicles is bright and broad.īuyers are captivated. Ford, Chevy, Hummer, Tesla, and the upscale Rivian are among the car manufacturers seeking to cash in on the massive SUV and pickup truck market with new electric models.Īccording to the Wall Street Journal, the introduction of heavy-duty EVs is turning pickup truck loyalists into “accidental environmentalists,” judging from the volume of preorders and interest in soon-to-be-released models. Electric vehicles (EVs) not only own the fast lane with Porsche and Tesla whooshing by, but EVs are also going to be a common sight on backroads and rugged terrain.