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4/10/14

Car Industry: Electric cars growing 100% every year (graphs) - Zachary Shahan

Actually, electric car sales are growing a bit more than 100%.

Many of us quite familiar with electric cars believe they will "disrupt" the automobile industry, replacing gasmobiles just as cell phones replaced landlines and smartphones replaced first-generation cell phones. Electric cars are simply much better... in numerous ways.

As manufacturing has gotten rolling and costs of lithium-ion batteries have fallen (quite sharply), overall costs for electric cars have dropped down to commercially competitive levels. In the US, you can now buy 11 plug-in electric and plug-in hybrid electric cars for under $30,000, which is less than the average new car now. There are similar stories in Europe, Japan, and China.

Furthermore, operating costs are several times lower than with gas- or diesel-powered cars, electric cars drive much more quietly and smoothly, and their acceleration is much greater. Then there are other things that appeal to many consumers: electric cars have zero tailpipe emissions, they help tremendously to reduce our greenhouse gas emissions, and they cut our addiction to oil, improving national energy security.

For these reasons and more, electric car registrations around the world have been growing by over 100% a year the past few years.

Read more: Electric cars growing 100% every year (graphs) : TreeHugger

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