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Are high gas prices pushing people to electric vehicles?

Electric vehicles are more than just how Elon Musk got enough money to buy Twitter.

EVs are growing rapidly in the U.S. car market, and federal policies – along with consumer demand – are encouraging carmakers to build more of their electric fleet.

President Joe Biden has pushed for electric vehicles to account for at least half of all new car sales by 2030, and the two-party infrastructure bill signed last year commits more than $ 7 billion to charging power stations.

Also, people want these electric vehicles.

Energy Department data show that Americans bought more than 600,000 plug-in electric or hybrid vehicles in 2021, nearly double the 2020 or 2019 total and a big jump in 2010 from a few hundred.

So why do more people go electric?

According to Jessica Caldwell, executive director of information on the Edmunds car purchase and review site, the response is not surprising.

“We recently did a survey asking people,‘ If you were to buy an electric vehicle, why would you buy it? ’” Caldwell said. “And the answer, I think, is pretty typical of what you would expect. Of course, environmental sustainability was in the minds of a lot of people. that you need “.

A Forbes-YouGov poll released last fall found that two of the most popular reasons to buy an electric car were to help the environment and pay less for car taxes or maintenance.

At the same time, electric vehicles may not yet be available to everyone for reasons beyond just cost.

Last month, the U.S. Government Accountability Office testified that while the U.S. government currently has about 1,100 charging stations, it will need more than 100,000 to support the widespread use of electric vehicles. When they are expanded to publicly available chargers that are not owned by the government, there are still less than a third of the electric charge at gas stations.

But at least one charging company doesn’t see it as a problem. Jonathan Levy, commercial director of EV’s charging network, says the leap can be made gradually as electric vehicles deploy.

“First of all, I dismiss the premise that we have a shortage of chargers,” Levy said. “Global home sales will exceed 6 million in 2021, and they are experiencing this rapid doubling. Yes, there needs to be more to reach, but there is a surplus capacity in the market today. You don’t have to build infrastructure by 2030. Today, right? We all expect vehicles. Encourage the sale of 100% electricity as soon as possible, but right now you are in a single figure, so we need to build the infrastructure for 2025 today, and we need to build it by 2030. the infrastructure is 2025, 2028 or so.

Meanwhile, the supply chain is also making it harder for companies to make enough electric vehicles to meet demand.

Electric vehicles are based on batteries that use minerals such as lithium, which can be difficult for companies to obtain. Without sufficient mineral supply, there is not enough battery to make the electric cars and trucks that people want.

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Are high gas prices pushing people to electric vehicles? Source link Are high gas prices pushing people to electric vehicles?

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