The next generation electric cars may have to be made in China or Mexico.
This is according to a new study by Elliott Electric Cars 2020, which has forecast that in the next 20 years children will be using the same range of electric powertrain options as adults, and that they will be driving them in the same ways that adults drive.
The study, published in the American Economic Review on Tuesday, argues that by 2030, EVs will make up around a third of the cars on the roads in the US.
The US is also predicted to overtake the European Union in terms of its use of EVs, with almost half of all new vehicles in 2020 being electric.
The authors of the study, the US National Highway Traffic Safety Administration, and the University of Maryland, say that by 2025, there will be almost 20 million electric vehicles in the country, and around 1.3 million EVs on US roads.
The report argues that in 2020, about 1.5 million children aged under 18 will be in the vehicle market.
“The demand for electric vehicles will be more than offset by the low supply of fuel-efficient electric vehicles, which will make them an expensive option for many families,” said James P. Kuklinski, a researcher at the University at Buffalo.
“In 2020, the typical US household will spend approximately $1,700 per year on electric vehicles.
In 2025, that number will rise to $4,500.”
The authors argue that the next generations of EVs will also have to take into account the environmental impact of driving.
“By 2040, all EVs will be able to meet the emissions requirements of a vehicle built to the same standards as the current models,” the study states.
“By 2030, the total number of electric vehicles on the road will be less than 50 per cent of the vehicles on US streets.”
The report warns that electric vehicles could become more affordable in the long term.
According to Kukrinski, the study’s projections show that in 2040 EVs will cost $15,000, compared with $29,000 in 2025.
“The projected annual cost of purchasing a new electric vehicle from the US market is less than $300, and in 2025 the price will be $150,000,” the report states.
However, the authors say the report doesn’t take into consideration the potential economic impacts of EVs.
“These scenarios do not take into the account the cost of batteries, batteries may be more expensive than the cost per kWh,” they said.
Electric cars will still be expensive, however.
The study suggests that the cost will be higher than the $30,000 price tag for an electric car, and a $200,000 cost in 2025 compared to a $100,000 budget for a gasoline car.
“Despite the fact that electric cars are expected to have lower emissions and lower costs than gasoline cars, the cost is still higher than what we pay today for a gas car,” the authors wrote.
It will also be harder for EVs to compete with gas-powered cars in the future.
Currently, the cheapest electric car on the market is the Tesla Model S, which sells for about $30 000.
Electric cars have already overtaken gas- powered cars in terms and volume in the United States, and could become the cheapest and most common form of transportation by 2040.
In 2025 the average price of a new car will be about $55 000.
This figure has been predicted to rise as more and more EVs hit the market, with the price per kilowatt-hour set to reach $1 000 in 2025, and up to $3 000 in 2035.
However, a recent report from the American Academy of Pediatrics found that EVs have a relatively low environmental impact.
By 2039, EVs accounted for less than 10 per cent (about 2.5%) of the nation’s total greenhouse gas emissions, according to the report.