, Columnist
The Real Reason You’re Not Driving an Electric Car
Blame battery technology. The slow pace of advancement means the core components of a green car are still too expensive.
Sticker shock.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
It seems every major carmaker these days is thinking about electric vehicles in some capacity. At one of the world’s largest auto shows in Shanghai this year, several manufacturers boasted their snazzy concept cars and talked up imminent launches.
Electric-vehicle sales are rising fast, and battery installation is climbing — largely thanks to China, where battery demand rose more than 175% in the first quarter.