Which Will Be The First Country To Ban Oil Burning Cars: Norway, Netherlands, Germany, India or China?
October 24, 2016 (Investorideas.com Newswire) Dr. Joe Romm in his recent article “Which will be the first country to ban oil burning cars provides us with more information on the recent decision of German Bundesrat to ban fuel-burning cars.
This tipping point for electric cars to replace oil burning cars is the result of the technological advance called "The Learning Curve" when doubling of production brings on average 26% in cost reduction. Bloomberg expects that by 2022 Electric cars will be cheaper to buy than comparable class of oil burners due to about 14-19% cost reduction of lithium batteries every year.
Electric vehicles are now in the fast lane with the first electric cars priced below $40k with a range of over 200 miles coming to the market: GM Bolt and Tesla Model 3. BMW i3 with the new larger battery, Renault Zoe with 400 km range and Nissan Leaf with upgraded battery are driving the sales in Europe. China stands on its own with 25 companies making 51 models of electric cars.
Lithium battery Technology is here to stay and the best electric cars will become only cheaper and better.
The benefits to the consumer are massive, electric vehicles provide better performance with 0-60 mph in as little as 3 seconds. Tesla electric cars have a much better passenger safety and running costs of EVS are in the order of 90% less compared with oil burning cars.
Electric vehicle progress is inevitable and Tesla shows what is coming with Tesla Model S outselling ALL luxury sedan brands in the U.S. and Western Europe by a very wide margin. In the Q3 of this year, Tesla Model S sales were almost double of Mercedes S-Class and more than double of BMW 7!
And, finally, as Dr. Joe Romm is pointing out that governments are now starting to wake up to the horrible cancer hazard air pollution on our streets from fuel-burning cars and voices for the ban of such cars are louder and louder.
President of International Lithium Corp.
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