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One in Five Cars Sold Could be Electric in Less than 20 Years

November 03, 2010

With gas prices trending higher and battery prices falling, plug-in cars are expected to make up 9 percent of the U.S. auto market by 2020 and 22 percent by 2030, according to a Bloomberg New Energy Finance report. Electric cars currently cost more than 75 percent of cars being sold—but individual states are providing financial incentives for people to get on board. California, for example, offers vouchers of  $10,000 to $45,000 for companies that operate hybrid-electric fleet vehicles in-state. You can search for electric vehicle vouchers in your state at the U.S. Department of Energy site and find out how to reduce your driving emissions here.

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