Now, this stuff I am now about to share with you is a personal list.
It's been rattling around the back of my mind for a couple of years.
Five reasons why I think EVs are either very elegant They're just destined to be the kinds of cars we drive tomorrow.
And let me point out, I am not an EV owner, nor do I intend to buy one.
There are certain truths I just can't deny, and here are a few of them.
Number five is not about EVs at all, but it's about the generational change of folks who buy cars in general.
And as we look at younger demographics with their lesser interest in owning a car, lesser interest in running out and having a driver's license, concerns that the classic car hobby is starting to wither.
Can you say that again?
I was texting.
We start to see an overall picture that tomorrow's car buyer is less concerned about some brawny gas-burning, roaring sex machine
And entirely happy with a smart, efficient, appliance that definitely helps set the table for electrics.
Number four is ridiculously simple, but it's the rotations, stupid.
That's what a car wants to do, is turn it's wheels.
That's how it moves and yet The combustion engine car does kinda the opposite to start.
It has pistons going up and down.
Then through a complicated mess of gears and crankshafts, turns that into rotating energy.
It it just so inelegant.
You have a Have all these pistons banging up and down in a box of high pressure that's always trying to leak and pull itself apart.
Electric motors don't work that way.
Plus combustion engines, party because of that whole up and down non sense, are RPM challenged.
Electric motors love to rev over a much wider range, therefore they need little if any help from a multi- Speed transmission.
It just makes sense.
If you want to turn something start with a power source that's already turning.
Number three is very controversial, but it's incentives.
Whether or not you like the fact that you're subsidizing someone else's Tesla, the fact is that state, federal, and international governments have thrown billions.
At the idea of getting us to buy electric cars it made a huge difference and will continue to for some time.
Number two is really important, a very big concept, the core efficiency of electric motors, versus combustion.
That gasoline car you drive today is maybe 35% efficient at turning that gallon of gas into forward motion.
Electric cars, depending on how you measure, are 50 to 90% efficient at using the electricity in their battery.
Now yes, this is apples and oranges.
Because these have to lug around a vast incredibly heavy battery which does offset some of the overall efficiency.
However, new numbers from the Argon National Lab suggest that at least the density of cars powered by battery.
versus dinosaur juice, will be about the same by 2045.
No longer a deficit for the EV.
[SOUND] Now before I get you to number one, I'll tell you what it's not going to be.
It's not going to be the whole clean and green argument.
That one borders on On religious fervor and has a lot to do with where the charge to your EV comes from way upstream, what kind of pollution is generated there, as well as what happens to all those lithium ion battery packs down the road, a picture that is Still emerging and not entirely clear.
To solve this, [UNKNOWN] should probably arrange a cage match between Sierra Club members and Formula One fans.
Maybe we'll do that later.
But for now, we're gonna leave this part aside.
[SOUND] Number one hits you in your pocketbook, and nothing moves more cars than that.
Some recent numbers crunched by Bloomberg suggest that by 2025, decreases in the cost of electric car batteries per kilowatt hour of stored energy, a key metric, will have fallen so low That it is then, the sensible choice, for the average consumer who wants to buy and drive a car at the least average cost.
You can't say that right now without incentives.
In the future, you will be able to.
And Bloomberg believes, this sets the table for a big rise in electric car sales, to be nearly 35% of all global new car sales by.
Is that big?
Well, it was 1% last year.
So, I'd say so.