Car talk: Electric vehicles in news

Bloomberg New Energy Finance released a report that predicts electric vehicles will start to cost the same as their conventional car counterparts by about 2025 thanks to price drops for lithium-ion batteries.

Key Points

  • Electric vehicles are all over the news.
  • Volvo seems amped up on electric, and Tesla’s Model 3 is here.
  • A new report is more optimistic about electric vehicles than ever before. 

Electric vehicles are making more news than a Kardashian sister this month. Here’s a roundup of the biggest headlines.

Electric vehicles are going to take over the auto industry — Bloomberg New Energy Finance released a report that predicts electric vehicles will start to cost the same as their conventional car counterparts by about 2025 thanks to price drops for lithium-ion batteries. The authors expect electric vehicles to account for more than half of all new car sales by 2040. Read an interesting article about it from Fast Company here, and see the full report here.

Volvo is doubling down on electric — The Swedish automaker recently announced that starting in 2019, every car it manufactures will be electrified in some capacity. It really charged some people up. Volvo CEO Håkan Samuelsson called it “the end of the solely combustion engine-powered car.” Read more about it from Popular Mechanics here. Some critics let sparks fly and accused Volvo’s PR peeps of going into overdrive since the company would have had to do something like this to meet European emissions requirements anyway. Read a good breakdown of what Volvo’s announcement means for the industry here.

Elon Musk got a new car — And it’s not just any car. It’s the first Tesla Model 3. Thirty more drivers will do the Electric Slide at a big launch party on July 28, and then production on the $35,000 electric vehicle will ramp up in the fall and winter. According to Bloomberg, if Tesla meets its targets, it will build more battery-powered cars next year than all of the world’s automakers combined in 2016. Read more here.

And now you’re “plugged in” to the electric car industry.


Sarah FolslandSarah is mom to the two cutest little girls in the world. Before choosing to make changing diapers and reading bed time stories her full time gig, she earned a degree in political science from The University of South Dakota, worked in the governor’s office as a policy analyst and dabbled in communications at her local utility. Follow Sarah on Twitter @EnergyMommy.

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