“There’s going to be some jump in lowering of cost and raising of capacity with the next generation of batteries in a few years,” said Smith.
Hard to Predict
It is hard to predict the uptake of electrics. There needs to be more inventory, better and cheaper batteries, and more charging stations. But some homebuilders are already including more robust charging stations in new construction, reasoning folks will want faster charges than the wall-socket will provide.
From there, it is also possible folks will see rooftop solar as a way to lower their home charging bills. So to a certain extent, the homebuilding, remodeling and solar industries are now part of the electric vehicle industry. Electricians will be part of this industry, because they’ll install chargers in a lot of garages. Utilities will need to improve the infrastructure in subdivisions, if every garage is charging cars.
Our economy has been based on internal-combustion engines for over a century. If, over the next 10 to 15 years, it changes to an electric-vehicle economy, there will be a lot of business opportunities and a lot of businesses disrupted.
Abby Andrews