The push to adopt electric vehicles (EV) seems like a golden compromise in which we continue to drive cars in a way safe for the environment. The auto industry continues to see companies declare their intention to switch over to producing EVs, with some going so far as to say they plan to only produce electric vehicles in the near future.Several countries have proposed bans on the sales of fossil fuel vehicles - the most significant legislation that has driven the transition to electric. Norway, France and the United Kingdom said they would ban all conventional cars at various points by 2040, with Norway planning to do so by 2025, and many other nations expected to follow suit. The transition to EVs, however, requires rare minerals for battery materials, readily available charging stations, and massive changes to the infrastructure grid, all of which will require money and fossil fuel energy that themselves are limited.
Research and Markets offers more information on this topic: