You’d have to be completely uninterested in cars or any other type of transportation to not recognize that automobiles are undergoing a major transition. They no longer run solely on internal-combustion engines and burn petroleum-based fuels. Nowadays, consumers routinely purchase vehicles that run in part or entirely on electricity.

There are different forces behind this colossal shift. For one, electrically powered vehicles reduce the emissions of pollutants that degrade local air quality and of carbon dioxide, which poses significant worry about altering the climate.

Another reason to favor electrically powered vehicles involves national security. Ample supplies of petroleum are found only in select regions of the world. So countries that lack these natural resources will remain at a political and economic disadvantage if they continue to utilize vehicles that burn gasoline or diesel fuel.

The final reason stems from the fact that exploitable sources of petroleum are slowly running out. Once society reaches the point where production cannot keep up with demand, prices will skyrocket. So it’s no wonder, really, that the transition to electric vehicles is speeding up.

Electric vehicles can be divided into three groups. Most common today, of course,…[Read more]