Electric Car Deals Today Will Move Transportation Tomorrow
Electric cars are taking some time to power up. But for how long and do they actually have a permanent place in the domestic transport sector?
It’s a wise investment not just for the American economy but also for the global environment, the White House says, adding that the nation spends trillions on the importation of oil. It acknowledges that the market for those vehicles is slow to develop, noting that there is a lack of infrastructure and that the cars are too expensive relative to the easy-to-fuel gasoline-powered cars.
To that end, public-private partnerships are now working to facilitate the electric car and advanced battery technologies, says Energy Secretary Steven Chu, who recently spoke before the Washington Auto Auto show. Such collective efforts, for example, have resulted in the doubling of energy density for lithium-ion batteries that would have the practical effect of reducing cost another 50 percent while increasing the driving distance with no “fuel” to 300 miles, says Chu.
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