How they work and the implications. 

Part 1: the economics

Recently, a colleague posted an opinion on social media that he would stick with his gas-powered Mustang, stating emphatically that the economics of EVs do not yet pan out. He may be right under the right set of circumstances, but in most locations, EVs are now more economical. I have driven EVs for 13 years now, owning two of them, and my wife has driven a Volvo and Jaguar over the same time span.  I drive 8,000 to 12,000 miles a year and that includes some trips to wine country.  My battery lasts 300 miles per full charge, with no noticeable degradation after four years and just over 40,000 miles. My navigation system blows away my wife’s car, and mine has numerous voice commands, but that could be unique to the brand. Here is what I know about the economics of my car versus my wife’s:

Conclusion

If you value your time and convenience, and can recharge at home, live in a climate that is not too cold, where you would need to use more battery for heat, then the economics of EVs are quite good. In my case, the economics of EVs in southern California are outstanding. I also like the fact that I do not pollute the air. Those of you old enough will recall the air in LA in the 1970s, or Bangkok and New Delhi today. Aside from long-term climate concerns, such polluted air kills and sickens many unfortunate residents. I admit that battery recycling will need to be addressed and I do not know how much of an environmental problem that will be in the future. At the same time, research in the labs suggests battery life will be extended by 500% within a decade. Instead of 300 miles, I would get 1,500 miles and that even blows away the hybrids. 

Part 2: navigation and near-term impact