The $6 Trillion Barrier Holding Electric Cars Back

Courtesy of Bloomberg. By Anjani Trivedi

Wouldn’t it be great if we could all drive without dirtying the air we breathe? Alas, not everyone can afford an electric car.

The good news is the death of the internal combustion engine is nearing and electric-vehicle sales are on a tear. Countries that together account for more than 10 percent of global auto sales have detailed plans to phase out conventional gasoline-powered cars. Include China, and that jumps to 40 percent.

These days, electric cars can drive further and be charged faster than previously. Automakers are beginning to churn out at least one electric variant, with more than 100 battery-powered models to be available by next year. Does that mean the affordable car of the future has arrived?

Read more here.

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