The most common complaints people have with electric cars are about the price and charging time, but the best choice may be to buy an all-electric car, according to a new report from Next Big Futures.
“In a nutshell, electric cars represent a shift away from the car companies traditional business model of charging to buying, and charging to consuming,” writes Peter Diamandis, senior analyst for Next BigFuture.
The company is forecasting that the number of electric vehicles in the U.S. will nearly double by 2040.
A combination of more reliable charging networks and the introduction of more charging stations will allow electric vehicles to become more commonplace.
The car companies are also looking to make a difference by helping companies that do not have access to clean energy sources, such as the solar industry, reduce their carbon footprint.
“By using a mix of electric vehicle and gas-powered vehicles, companies can help mitigate CO2 emissions while promoting clean and green energy consumption,” Diamadis writes.
A new report predicts that the electric vehicle market will hit $3.2 trillion in the next decade.
That includes the Tesla Model 3, which is expected to be released in 2020.
Tesla has a $465,000 incentive for customers to upgrade to an electric vehicle, and has been working on a range of upgrades, including the ability to recharge and charge an electric car in seconds.
“With the rapid growth of the electric car market and the need to maintain access to reliable and reliable charging, Tesla’s incentive program will be an important driver of the demand for EVs in the future,” Tesla CEO Elon Musk wrote in a blog post.
While the electric vehicles will continue to be the most popular choice for many Americans, Diamartis believes that the best option will be to invest in a hybrid or plug-in hybrid car.
“While it is possible to get a $1,000 hybrid, most people can’t afford that kind of money,” he wrote.
“So instead of buying a $300,000, $400,000 electric car, they could invest in one of these new hybrid electric vehicles.”