Electric Perspectives: Transportation Electrification
More than a century ago, pioneers like Henry Ford, Ransom Olds, and Henry Leland helped establish Michigan’s lasting reputation as the automotive hub of the United States and the world. Today—with a jolt from the energy industry— the automotive companies they helped to found are creating the next generation of vehicles that will transform our lives.
by Patti Poppe, President and CEO, Consumers Energy
Autonomous, or “self-driving,” vehicles might get a larger share of the headlines for their future potential, but electric vehicles (EVs) look to be ready for the fast lane right now. While plug-in EVs make up less than 1 percent of auto sales in the United States, their sales are growing at nearly 30 percent year over year. Last year, EEI and the Institute for Electric Innovation forecast that up to 7 million EVs will be traveling on U.S. roads by the end of 2025.
Change is coming fast to the automotive industry, and to the energy industry, too. Innovations in renewable energy and battery storage already are game changers, but the transition from gasoline-based engines to EVs is just as transformative.