It is coming. At least we are not the ones ironing out the problems. When technology arrives, we can consider our options - but electric cars are coming. Our grandchildren may never know about gasoline cars, much like I never saw a Stanley Steamer auto, even though wood and water were free.

So people will need two cars; one for close-range travel, and another for long-range travel. I'm sure in the utopia that is soon to come everyone will be able to afford two vehicles.

But when technology isnt an upgrade of what we had before, then the market will not appear without coercion.

before they can become mainstream one little issue needs to be ironed out. Where is all the power for charging going to come from?

Building solar and wind are a drain on current energy sources, If they were built from energy generated from solar and wind that would be fine but they use oil right now to make them. And there needs to be 3x the generating capacity of solar and wind to equal conventional sources.

There are already power grid issues in TX and CA. add a couple million cars needing charging and it'll be lights out.

Not to mention the recycling of batteries and the need for all the rare earth minerals for the current battery designs. Also toxic risudals from lithium ion batteries, its another mess waiting to raise its ugly head. Of course everyone is ignoring all these significant issues, don't want to slow the acceptance of EV's after all.

Need better battery tech fast, there is an aluminum air battery out there that doesn't use rare earth minerals but it can't be recharged, gotta change the battery after discharge.

I see a boom in the rental car industry coming ... IC engine driven vehicles. Either that or no vacation for you!

Just to keep things in perspective and off the top of my head, Ford stock is 30 to 40 percent lower than in January

The bottom of the article(CNBC) the OP left out was that Ford was down 22% YTD

There are so many problems with the notion of going all electric.

One big one is; where is all the copper (not to mention other metals) going to come from? The entire electrical grid will need to be upgraded. Nearly everyone's home will need an additional 100 Amps of service. The amount of copper needed for new generation, electric motors, transmission and charging stations is enormous.

And the big problem with suppling all this new copper is that every new mine that has been proposed in recent year has been met with fierce opposition from environmentalists; from Alaska, to Minnesota, Arizona, Chili, Peru, etc,.

There simply is not enough metal to meet what will be required. And when all-electric proponents are confronted with this fact all you hear is silence.

Sure

I just hope it leads to cheaper gas vechiles!