The EV industry is on the precipice of a significant growth spurt.
New battery technologies coupled with innovations in the electric motor will drive this growth from inside the EV sector. Pressure from environmental groups, along with pricing, supply and demand of petroleum, will drive that growth from the traditional vehicle sector. The EV will prevail because it is already more efficient, cleaner and more durable than traditional transportation. Most importantly, within the next five years, the EV will likely reach a point where it is cheaper than the internal combustion engine. EVs operate for one-quarter the cost of gasoline cars, especially on clean energy created by commercial solar energy fields, deep ocean currents, new wind mills and in stream augur turbines.