Skeptics say electric won't be the future of cars, at least not for a while. That's because internal combustion engines are actually pretty good. Plus, a huge chunk of the global economy is tied to the production of cars and the combustion engines that power them. Experts say it's more likely that automakers will continue to find ways to improve internal combustion engines because there are no real alternatives.
Electric cars are dropping in price, but not at the rate necessary for the world to make the switch. Automakers must make a profit and electric cars just don't do that. Tesla, as cool as it is, burns hundreds of millions of dollars a year. Elon Musk's motor company is valued more than Ford or GM, but it's not actually turning a profit. Skeptics say making money the key to replacing gas guzzlers but many are doubtful electric cars will catch up anytime soon.
Chinese officials are planning to phase out the sale and production of fossil-fuel cars to curb air pollution and reduce its carbon emissions. China is joining India, the U.K., France, and Norway, all of which are committed to phasing out gas guzzlers in the near future.
Experts say it's inevitable that the world will switch to electric cars. It's just a matter of when.
The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit). Norway and the Netherlands are considering a more aggressive way to put an end on fossil fuel cars years earlier than its European peers.