California Governor Gavin Newsom announced in September that the state would phase out the sale of gasoline-powered cars in order to reduce its dependence on fossil fuel and help fight climate change amidst the backdrop of yearly ravaging wildfires and massive power outages affecting millions of people across the state. His executive order mandates that by the year 2035, all vehicles sold in the state of California must meet zero-emissions standards.
Newsom’s order will go to the California Air Resources Board, whose mission is to “reduce exposure to harmful pollutants.” They will hold multiple board meetings before writing the state regulations which will slowly begin to roll out over the next few years.
Major players in the global auto industry are already on board with this move from combustion engines to battery power, with “established carmakers ripping up their business models” to join the race to electric car dominance. This leads to the following question: Will Tesla be able to maintain its lead in EV technology?
Elon Musk says Tesla is currently working on a battery with more than a 600-mile range. The Model S, which retails for $69,420, is the only model with a range of more than 400 miles. Earlier this year, Musk “lamented the high cost of raw battery materials” but that could all be changing soon.
Research from Bloomberg New Energy Finance indicates that electric cars will soon cost less than gasoline automobiles due to falling battery costs, estimated to drop in cost 77% by 2030. The batteries that power electric cars are also recyclable, just like laptops and cell phones.
Written by: Kelly Stewart