Great Green Idea: Green Cars: Electric Cars

Electric Cars

Are electric cars the vehicle of the future, or just another passing fad?

The current combustible engine has been virtually unchanged for 100 years. Electric cars will replace this very outdated technology. There is only one major hurdle that these new cars will have to combat, cost. As it stands, the cost to produce electric vehicles is quite prohibitive.

As production of the electric cars beefs up, competition is coming from all over the globe. Due to the diverse global economy, U.S. car makers have to now compete with the Chinese, French, Indian and other countries.

For example, Nissan Renault has been first to the market with the Leaf. This car is all electric and costs around $40 thousand. While this price seems steep it is indicative of the major stumbling block.

Nissan has been staying a ahead of the rest of the automakers by trying to mass produce the car. As we have seen with the rise of the carmaker Hyundai, if the car is quality car, that is fairly generic, it will sell well. Carmakers need to apply this to the electric car design and market. A simple compact car, that can get around 200 miles per change should do very well.

The major breakthrough in this car technology is just that, when the technology is at a point that carmakers can market a care for under $20 thousand without federal tax incentives. For commuters, this kind of car would allow flexibility to not have to worry about stopping at the local gas station.

Currently none of the car manufacturers are quite there when it comes to winning this race. The first one that does will stand to take major shares of the world car market.