We’re in the midst of a quiet transportation revolution right now. Recent advances in electric motors and batteries have made electric cars a reality and they’re getting cheaper and better every day. A lot of people have noticed this, but electric bicycles (eBikes) haven’t gotten nearly as much attention. These machines are so efficient they can have lower emissions per mile than walking or pedaling a regular bike. Back to the Future II promised us hoverboards by 2015. Instead, we got eBikes that get over 1,000 MPGe and save us thousands more dollars than they cost. Maybe the future’s not so bad?
Cars are one of the major sources of pollution in the world and a huge drag on people’s wallets. Right now we’re at the start of a massive shift in car technology. If prices for batteries and EV motors continue their downward trends then new EVs will MSRPs similar to gas cars sometime between 2022 and 2024. This is really quite soon and as people start to understand that EVs have much lower maintenance and fuel costs than gas cars the transition may be quicker than many people are currently anticipating. How this will affect the prices of cars, both new and used is a very interesting question that has a direct impact on your financial life. Should you buy a used Tesla now? How about a hot new Dodge Hellcat or a “practical” Honda Civic? Read on to find out.