All-electric cars, with few exceptions (e.g., Tesla Model S), haven’t been particularly great. They’re expensive, they aren’t particularly sexy and, even though Americans drive less than 30 miles a day on average, there’s still lingering anxiety over their range. Realistically, while gasoline still seems a reasonable option for ownership, the electric car doesn’t make much sense. But from the looks of it, we’re on the cusp of an EV revolution of sorts.
EVs today are still in their teething stage, but the future of the EV is looking bright. The soon-to-be-sold Chevrolet Bolt is leading the charge, and will offer double the current range EVs offer at $30,000 after incentives — a lower price than the current average cost of a new car. And at some point the Tesla Model 3 will burst onto the scene, and it will offer roughly the same price and range. The second-gen Nissan Leaf will also be around that mark.
Hyundai is also ready to debut the Ioniq EV, which is based on a platform, from the ground up, to accept electric power as well as internal combustion. Volvo, meanwhile, claims it will sell a million EVs within 10 years and has recently shown off the underpinnings to the upcoming 40 Series, which, like the Hyundai, is designed from the ground up to accommodate both electric and combustion drivetrains. Even if the “electric or nothing” Tesla approach isn’t being fully adopted, there should be some serious electric options for consumers in the next few years.
With this seemingly imminent electric future, the gas-burning, transmission-shifting, tire-shredding enthusiast might feel the future of their passion is threatened, but it actually isn’t. For one, it’s doubtful the future of transportation will be fully electrified (or automated, for that matter), and, what’s more, there’s a lot of enthusiast appeal to the electric car. The future is bright for a handful of reasons.
Batteries Are Cheaper and Better.
Two of the biggest reasons electric vehicles don’t appeal to most consumers — their high prices and low ranges — are both linked to the same thing: the high-cost, low-energy battery. As recently as 2012, lithium-ion battery packs costed as much as $600 per kilowatt-hour. Consider early EV applications like the Chevy Volt, and it’s easy to see how a battery pack is a burden. Using only the power from the 16kWh battery pack in the original Volt, it could only move 35 miles, but added an additional 400 pounds of weight to the car and, by Slate‘s estimate, likely costed as much as $8,000 to produce.
But GM says that its batteries only cost $145 per kWh, and Tesla estimates that once it finishes its Gigafactory, the cost of their batteries will decrease to around $100 per kWh. On the whole, battery packs are getting cheaper, helping to lower the cost of EVs and reducing the cost of larger storage options. Range is also helped by the simple fact that batteries are just getting better. For example, Tesla’s partnership with Panasonic has yielded batteries with 60 percent more storage capacity than in 2008 thanks to incremental changes in engineering and manufacturing.