ExO - May 4, 2016

Electric vehicles will be cheaper than the least expensive car

What it is: Futurist Ramez Naam has analyzed how cheap electric cars can get, and his predictions are exciting: by 2030, electric vehicles with a 200-mile range will be cheaper than the least expensive car sold in the U.S. in 2015. Naam backs up his claim by citing enabling factors like improvement in batteries and production efficiency increases.

Why it's important: As the materials and technologies behind renewable energy continue to improve, prices will continue to plummet -- which will only accelerate their adoption.

Spotted by Marissa Brassfield

Read more here at Next Big Future

Sign up for Peter's weekly Tech Blog and Abundance Insights here.