28 Apr '15, 2pm

New National Research Council Study Delivers Roadmap to Put Electric Cars into Fast Lane

Adoption of these recommendations would help spur the mainstream adoption of electric vehicles by overcoming the known barriers of cost, lack of information and so-called range anxiety. Key Recommendation: Extend Federal Tax Credits Beyond Current Production Volume Limits A key challenge to plug-in electric vehicle (PEV) adoption is that consumers must pay a higher purchase cost but save money over time. As with any new technology, this barrier is particularly acute because the technology has not had a chance to take advantage of the massive economies of scale necessary to compete with gasoline cars. In addition, many of the benefits of PEVs accrue to the public good, rather than just the private good. Perhaps the single most important recommendation of the study is for the federal government to extend the tax credits (worth up to $7500 to PEV purchasers) beyond the curren...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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