‘Now almost as cheap as gas-powered cars’

[Pelican Press 0]

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‘Now almost as cheap as gas-powered cars’

The cost of electric vehicle lithium-ion batteries plunged by an impressive 90% between 2008 and 2023, according to the

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, per recent reporting

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. Better materials, enhanced designs, more efficient manufacturing processes, and ramped-up production all contributed to the marked decline.

It’s another promising development in making EVs — vehicles fueled by battery-powered electric motors instead of gasoline — more accessible to consumers. “The price of electric cars is plummeting so fast that they’re now almost as cheap as gas-powered cars,” The Washington Post

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in March.

One reason why? Cheaper batteries mean cheaper EVs. “Batteries can make up as much as 40% of the cost of the vehicle,” Stephanie Valdez Streaty, industry insights director at Cox Automotive, told the Post.

That means you don’t need to break the bank to

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and reap major rewards. Think: cleaner air, lower fuel costs, quieter streets, fewer health problems, more jobs, and even

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.

The

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and

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mean that even those who don’t drive EVs can

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from their more widespread use. EVs, Reuters noted, are critical to the U.S. strategy to

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caused by ****** energy production.

That strategy includes increasing the availability of user-friendly, cost-effective EVs. “As consumer and commercial interest in EVs continues to grow, now is the time to plan for a future of electrified transport that delivers maximum benefits to EV owners,” DOE Office of Energy Efficiency and Renewable Energy official Michael Berube stated in

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on EV

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integration.

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In late August,

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, the Biden administration provided grants totaling $521 million to

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expanding access to, and efficiency of, EV

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.

Meanwhile, experts across multiple sectors are hard at work on other sustainable innovations to

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and

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our world. (Eco-friendly transportation can also be

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.)

Change can be complicated, but

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and

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are hard to ignore.

“EVs are an incredible bargain,” one Post

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said. “Cheap fuel, basically no maintenance.”

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wrote, “Once you drive an electric vehicle, you will never want to go to a gas station ever again.”

Join our

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for good news and useful tips, and don’t miss

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of easy ways to help yourself while helping the planet.

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#cheap #gaspowered #cars

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