Experts call the switch to electric vehicles a 'generational shift' not seen since the adoption of oil and gas in the 1800s.
The push to adopt electric vehicles heralds a golden compromise in which Americans continue to drive cars and the environment catches a break thanks to clean energy. The auto industry continues to see companies declare their intention to switch over to producing EVs, with some going so far as to say they plan to only produce electric vehicles in the near future.
The transition to EVs requires several significant components: mining of necessary battery materials, charging station availability, and power grid strength. Electra Battery Materials CEO Trent Mell told FOX Business that the process is a "generational shift" that is unlike anything the country has seen since the initial adoption of oil and the combustion engine, which required a century to build the consistent and reliable energy infrastructure.
Norway, France and the United Kingdom declared intent to ban all conventional cars at various points by 2040, with Norway planning to do so by 2025, according toThe list expanded to include Austria, Iceland, Spain, the Netherlands, Ireland, Singapore, Costa Rica, India, Israel, Korea, Germany and many more, according toTesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China, Jan. 7, 2020.
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