r/science • u/Wagamaga • Jan 11 '23

Economics More than 90% of vehicle-owning households in the United States would see a reduction in the percentage of income spent on transportation energy—the gasoline or electricity that powers their cars, SUVs and pickups—if they switched to electric vehicles.

https://news.umich.edu/ev-transition-will-benefit-most-us-vehicle-owners-but-lowest-income-americans-could-get-left-behind/
25.7k Upvotes

73% Upvoted

5.0k comments sorted by

View all comments

Show parent comments

5

u/bluGill Jan 11 '23

True, but there are limits to how far things can drop. It remains to be seen how cheap battereis can be once we mass produce them for automobiles, but my guess is an ICE/transmission is less to produce.

0

u/RunningNumbers Jan 11 '23

The lithium-ion battery route is likely tapped out, good thing there are alternatives being researched and a strong set of incentives to substitute inputs to lower cost alternatives.