• Most Popular
  • Most Shared

Electric cars could dominate U.S. roads in 2030

Mon Jul 13, 2009 3:00am EDT

Stocks

   

SAN FRANCISCO, July 13 (Reuters) - Electric car sales could jump to 86 percent of U.S. light vehicle sales in 2030 if consumers don't have to buy batteries themselves, according to a University of California, Berkeley study to be released on Monday.

Stocks  |  France

A company called Better Place and emerging rivals plan to offer pay-per-mile plans, similar to cell phone minutes. A family would buy a car but Better Place would own the battery, offer charging stations, and swap out batteries as needed to extend the driving range.

The cost of building charging systems will be more than $320 billion over the next couple of decades, although health-related savings due to less vehicle pollution could be $210 billion, according to the study by economist Thomas Becker.

The main benefit to drivers would be cars with price tags and operating costs similar to or less than gasoline models.

Renault (RENA.PA)-Nissan (7201.T) is making cars for the Better Place project. Better Place has said its system would be cheaper than using gasoline. The Berkeley analysis predicted the per-mile cost of making and charging batteries, including the cost of building a charging system, would be similar to or sharply less than a gasoline car, depending largely on whether prices of petrol rise. (For more environmental news see our Environment blog at blogs.reuters.com/environment)

(Reporting by Peter Henderson, Editing by Richard Chang)



More from Reuters

Photo

Democrats secure 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with holdout Senator Ben Nelson that secured the 60 votes they need to pass the broad healthcare overhaul sought by President Barack Obama.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article