Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.
Then there’s the price. An entry-level electric vehicle like the Chevy Bolt can still cost nearly $15,000 more than an equivalent gas-powered car, such as the same automaker’s Malibu sedan. That cost is significantly more than the $5,000 in savings that analysts say electric vehicle owners will realize on fuel and maintenance over 10 years.
“It’s going to be a while before those chargers are lit up and people are seeing the benefit of that investment; it’s not the same as stimulus checks going out,” said E.J. Klock-McCook, a principal at the Rocky Mountain Institute, which researches sustainability. “Folks that are much smarter than me are going to need to think about how to communicate around that.
A leader at one electric vehicle advocacy group agreed, while saying his organization doesn’t see high gas prices as “a good thing.” He added, “If we make those right policy choices now, our EV market here has an opportunity to be an amazing success story.”of making electric vehicle sales 50 percent of the U.S. market by 2030. Last year, they made up 3.4 percent of new cars sold.
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