Electric Vehicles will Rule

Electric Vehicles will Rule

Climate-Change-and-Viruses_resized

Electric Vehicles Will Rule

“Clean, renewable battery powered electric vehicles (BEVs) are now widely available to greatly reduce carbon to atmosphere pollution".

Henry W. Clearsky
sustainabilityforlife.com

Note: Communicating this information as news to others is free of charge.2

Follow this link for a printable .PDF version of this information

Introduction

  • America has a 100+ year tradition of using fossil-fuel powered vehicles for personal and business transportation.
  • That tradition has been 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.
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The Extraordinary Phenomena that is Tesla

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  • 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.

CompanyAugust, 2019Sept. , 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, governments, 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

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  • 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.
  • Government assistance will be needed for this transition.
  • 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.

Lobby Government Representatives for Standardization

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  • Americans should lobby their government representatives for standardization of:
    • BEV battery technology
    • BEV charging stations, connectors and equipment 
    • BEV charging station electricity sourcing from renewables (wind, solar, etc..)
    • Recycle systems for used BEV vehicles and batteries
  • This standardization is vital to widespread adoption of BEVs.

Citations

  1. Inside EVs, December 31, 2019, How Much Does It Really Cost To Own A Tesla Model 3 Over Time?

Henry W. Clearsky, born in America, resides in Texas