Electric Cars Will Cause the Next Oil Crisis, page-3

Really ! Suggest you do some up to date research on EV development.

As the 2016 suite of new car models makes evident, electric vehicles are finally gaining real traction in the market. At the turn of the 20th century, more than one quarter of all cars in the United States were electric, yet the electric car had all but vanished by the 1920s. This disappearance was largely due to the insufficient range and power of electric car batteries compared to gasoline engines. Furthermore, electric cars were significantly more expensive than their gasoline counterparts. These same complaints are still heard today, even though battery technology has certainly improved over the last century. Much research and development is being done on battery technology to improve performance while ensuring that batteries are lightweight, compact, and affordable.

http://www.brookings.edu/blogs/techtank/posts/2015/09/15-five-emerging-battery-technologies

For the technology to go mainstream in the way Bloomberg predicts, the industry must address the biggest impediment to adoption: EVs simply cost too much. It’s a BFD that General Motors managed to develop a car, the Chevy Bolt, that will go 200 miles on a charge and cost $30,000

http://www.brookings.edu/blogs/techtank/posts/2015/09/15-five-emerging-battery-technologies

your day of reckoning is fast approaching ... and it appears it will be in this life time