Electric Vehicles will Rule
Electric Vehicles Will Rule
“Clean, renewable battery powered electric vehicles (BEVs) are now widely available to greatly reduce carbon to atmosphere pollution".
H. William Clark
sustainabilityforlife.com
Note: Communicating this information as news to others is free of charge.3
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Introduction
- America has a 100+ year tradition of using fossil-fuel powered vehicles for personal and business transportation.
- That tradition has been shattered by the recent production of mass-market BEV sedans and SUVs in great numbers.
- A BEV is not a hybrid and uses zero fossil fuel.
- All major vehicle manufacturers have announced plans to accelerate development and manufacture of BEVs over the next 2-3 years.
- BEVs, when the electric charging source is renewable, are virtually zero carbon emission vehicles.
- Widespread BEV adoption can greatly slow climate change and global warming.
The Extraordinary Phenomena that is Tesla
- Tesla was founded in 2003, and in 2019, produced and delivered 360,000+ BEVs. One million BEVs per year will be achieved in a few years.
- The large investors in America… foundations, endowments, institutional investors, billionaires, hedge funds, etc.. are the bell-weather for future economic success.
- When they make a large investment in a company, it is a clear signal that major success is just around the corner.
- Market Capitalization is a measure of outstanding shares x share price, and indicates the size of a company.
| Company | August, 2019 | Sept. , 2020 |
|---|---|---|
| GM and Ford Market Cap Combined | $91.3 B | $74 B |
| Tesla Market Cap | $39.4 B | $308 B |
- Last year, Ford and GM combined were over 2 times the size of Tesla. In one short year, Tesla’s market cap is now over 4 times the size of Ford and GM combined.
- Yes, Tesla value can vary widely, but this one-year extraordinary change signals a major shift in automobile manufacturing.
- The primary reason investment has shifted to Tesla is the perception that Tesla is at least 3-4 years ahead of all their competitors in BEV technology.
- Other vehicle manufacturers are now playing “catch-up” in order to survive.
- These manufacturers will catch up, but it will take time, and some may surpass Tesla in technology.
- All Americans should take note of the enormous change to new BEVs, which will largely be complete within 10-12 years.
- Electric sedans, SUVs, buses and trucks of all sizes, will take over the American road, and many will be self-driving.
BEVs Cost Less over the Long-Term !
- All Americans will soon realize they can save money with BEVs.
- A typical BEV:
- has 200 fewer parts than a fossil fuel vehicle
- is cheaper to assemble
- needs minimal on-going maintenance
- Has lower fuel costs
- Experience with the Tesla Model 3 Electric Vehicle shows a lower cost of ownership over a 6-year (100,000+ miles driven) period of time, compared to a fossil-fuel vehicle. (1)
- Note: If a person takes trips in excess of 75 miles, they should seriously consider paying the extra money for a long-range vehicle (300+ mile range)
- The batteries in electric vehicles can last over 250,000+ miles. Used electric vehicles are now becoming available, which lowers initial cost.
How an individual or family can change to a BEV
- Install a Level-2 (adds 30 miles of range per hour of charge) 240 V electric outlet (dryer plug) in the garage for charging electric vehicles overnight.
- Those who rent apartments or homes should contact the manager to ask for vehicle charging stations.
- Purchase battery electric vehicles (BEVs).
- Purchase electricity for your home from 100% renewable sources, such as wind and solar. Renewable Energy Credits can sometimes be purchased. If this is not available from a utility, write letters and communicate with government officials.
- Use an internet search to locate vehicle chargers on routes you will be traveling.
- Today in the U.S., only Tesla supercharging stations (Level 3) are widely available that can add 200+ miles of range in about 40 minutes (while the driver is in a restaurant, for instance).
- Existing Level 2 chargers only add 30 miles of range per hour of charge.
- Hence, if fast charging is desired on trips, a Tesla vehicle is the choice.
How an organization can change to a BEV
- Businesses, universities, schools, churches, and other organizations can lower their long-term costs by investing in BEVs.
- This includes the investment in BEV trucks and buses.
- Level-2 (adds 30 miles of range per hour of charge) 240 V electrical plugs can add 270+ miles of range across the night.
- BEVs have lower cost of ownership across 6 years, compared to a fossil-fuel vehicle. (1) This should interest any organization.
- Most any organization can purchase electricity for their buildings and charging stations from 100% renewable sources, such as wind and solar. Renewable Energy Credits can sometimes be purchased. If this is not available from a utility, write letters and communicate with government officials.
- The same facts concerning charging on trips apply (see previous page)
Impact on American Jobs
- The impact of widespread adoption of BEVs is described in “The Great Sustainability Compromise”.
- Millions of jobs in the old fossil fuel economy will shift to the new renewable power (sustainable) economy, particularly for BEVs.
- This will be a difficult 10-12 year transition. Workers will have to decide when to make their move to a sustainable job, or be caught in massive lay-offs.
- While this will be difficult, the end result is a new sustainable American transportation system that can operate for centuries with minimal harm to the environment.
- The future: by 2030, most new vehicles sold in America will be BEV technology.
Americans should support EV Standardization
- All Americans should support standardization of:
- BEV battery technology
- BEV charging stations, connectors and equipment
- BEV charging station electricity sourcing from renewable energy
- Recycle systems for used BEVs and batteries
- This standardization is vital as widespread adoption occurs for BEVs
Citations
- Inside EVs, December 31, 2019, How Much Does It Really Cost To Own A Tesla Model 3 Over Time?
H. William Clark, born in America, resides in Texas