It's called financing. And with tax incentives, the cost of purchasing an EV is equivalent to a mid-range gas-fueled vehicle.
Gen-Z's appear to be much more interested in driving/owning cars, that includes women and motorcycles
The cost of personal solar energy has come way down. Next spring, I plan on adding 26 solar panels to my garage roof. Among other things, like selling energy back to the local utility during the day, it will also be charging my eventual lease of an EV. Where I work, the city is requiring businesses to install solar farms on their roofs to help contribute energy back to the grid. We're also in the process of installing four solar charge parking spots for employees with EV.s
It's a slow process to switch from something that's been around for 100 years. Even harder than the way radio has/is evolving.
My nieces husband is an engineering supervisor with Dominion Energy, one of the largest utilities on the East Coast. He's been passing along their progress in decommissioning coal and natural gas-fired utility generation, to solar and wind. The largest hurdle has been the battery storage component, as it's expensive. Converting some farmer's cow pasture to put a solar farm in is the easy part. They're even talking about a floating barge solar farm.
As I said, it's a process. It took a while to build the infrastructure like roads and highways to support the vehicles we've known. Moving to alternative energy to support transportation probably won't take even that long.
I still say give it 20-30 years -- only if the United States develops a better electrical energy production policy. Which it probably won't. They have sat back and let us languish at 2005 levels for over 15 years. Are they concerned now? Looking at the EIA electric production chart, government policies and programs just shuffled more electrical production from coal to renewables. A good thing, of course, for the environment, but it didn't increase total production, which isn't so good for converting the US vehicle fleet to EVs.
Also, there has been a lot of talk here about solar. Solar provided maybe 1.6% of all electrical production in the US in 2021, according to the US EIA's latest available data. Even with its growth, the percentage is miniscule in the bigger electrical energy picture.
Look at the charts:
The major fuel/energy sources and their contribution to annual U.S. electricity generation.
www.eia.gov
Now, maybe some of the home solar supplies escape the EIA's radar screen. However, a recent article in a renewable energy bulletin appears to disagree. They say that although the
renewable portion went up from 20% to around 23% (mostly due to wind and solar), the total electricity produced in the US remained roughly the same, at around 4.1-4.2 trillion kilowatt hours, because fossil fuel plants are being shut down. EVs aren't like electric bikes. They require a considerable amount of power. And if you're talking EV trucks and EV buses, even more.
I realize that states like California are requiring new homes to have solar. That's great. That's definitely going to help. But that's not all the homes, condos, and apartments in the US.
EVs are the future, but right now are simply too many trends running against it. To retool the country's vehicular transportation system the electrical grid needs to re-tool, and in a way that increases total electrical production, instead of keeping the total production stagnant at 2005 levels. The population is growing (it grew by roughly 15% from 2000 to 2022) and the energy needs of that increased population are growing. The grid is taxed in many regions because of it.
And while it's absolutely true that it took some years of transition to move from horses and buggies to gas powered vehicles and paved highways, energy production skyrocketed to meet that increased demand. Oil production more than doubled in just the 1920s alone -- in just ten years. And the 1920s were the transition period for much of America, when the Model T began to replace the horse and buggy everywhere, not just in the cities.
That sort of increase in energy production isn't happening now. 1.6% solar is 1.6% solar. 4.1 trillion kilowatt hours is 4.1 trillion kilowatt hours.
I agree with your overall consensus, I just disagree with the timing. My state has enacted a limit on new gas-powered car sales set for 2030, just eight years away. In my view, they're dreaming.