Electric cars are poised to change the way we get around Ireland, as they are now the leading source of electricity for the country.
However, a growing number of people are sceptical about their future.
In the US, Tesla Motors has become one of the most prominent names in electric vehicles, but its share price is still very low.
The UK, which is heavily reliant on fossil fuels, is also considering an electric car boom.
But a report by the US Chamber of Commerce shows that the industry in the US has suffered a big decline.
It has fallen by 30 per cent since 2014.
The Chamber of Economy said electric vehicles could bring an estimated $200 billion (€160 billion) of economic activity in the United States.
It said it would support the introduction of electric vehicles to the country, but it could not be certain if the legislation would be able to keep pace with the growth in demand.
“The potential to drive a significant economic benefit from the introduction and adoption of electric vehicle technologies in the U.S. is enormous,” the report said.
“Many states are already embracing the potential of electric cars and many states are planning to adopt them.”
It added that electric vehicle adoption would be the “next big thing in transportation” and it was possible to make “significant improvements” in efficiency, reliability and emissions.
“There are now thousands of electric companies across the country and many are expected to emerge as major players in the electric vehicle market by 2020, so the potential for the U-S.
to become a global leader in the field is significant,” it said.
Electric vehicle maker Tesla Motors is the world’s largest electric car manufacturer.
In the last 10 years it has made $1.2 trillion in sales, but the share price has fallen in recent years due to a lack of demand for the company’s products.
Tesla is now looking to diversify its business away from electric cars.
Earlier this year it announced that it was working on developing a hybrid electric SUV.
The US Chamber report warned that the US would face a future where “only the wealthy and well-connected can afford electric vehicles”.