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Electric cars double every year

Actually, electric car sales are growing a bit more than 100%.

Many of us quite familiar with electric cars believe they will “disrupt” the automobile industry, replacing gasmobiles just as cell phones replaced landlines and smartphones replaced first-generation cell phones. Electric cars are simply much better… in numerous ways.

As manufacturing has gotten rolling and costs of lithium-ion batteries have fallen (quite sharply), overall costs for electric cars have dropped down to commercially competitive levels. In the US, you can now buy 11 plug-in electric and plug-in hybrid electric cars for under $30,000, which is less than the average new car now. There are similar stories in Europe, Japan, and China.



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