IBD’s recent article on the electric car industry highlights the business considerations facing auto manufacturers and how economies of scale and innovations will soon make electric cars profitable. This is leading us to a ‘tipping-point’ where adoption of electric cars will escalate exponentially and lead to the demise of the fossil fuel car.

With increasing consumer demand and a ‘global momentum against auto emissions’, manufacturers are responding with their electrified line-up, support of broad charging infrastructure projects, and demand for components that is reshaping the supply chain. We’re now seeing many forms (e.g., sports cars, exotics, sedans, SUVs, motorcycles, freight trucks, buses, small trucks) in production or being tested.

On Big Island roads, electric cars are becoming more common – we now often cross paths with EV owners and find charging stations occupied. We have over 350 electric cars on our roads (40% over this period last year)! With longer range electric cars in the $30-40k range now available, they are within reach of more residents so we can expect this to escalate even further.

Here’s IBD’s article: