Future Of Electric cars (Updated)

The Future of Electric Cars: The Norwegian market for electric vehicles has exploded, accounting for over 50% of new vehicles. With over 1 billion fossil fuel vehicles worldwide, now other countries contemplate replicating Norway's progress.

Norway's tax breaks for electric drivers costs the country nearly £1 billion per year. "They don't pay purchase tax or VAT, they have access to bus lanes, no toll tariffs or ferries, and free parking" says electric car expert Christina Bu. Ironically, the cost is easily covered by Norway's £1 trillion per year oil sales. But can other countries afford to switch to electric?

Are electric cars greener than conventional gasoline cars? If so, how much greener? What about the CO2 emissions produced during electric cars' production? And where does the electricity that powers electric cars come from? Environmental economist Bjorn Lomborg, director of the Copenhagen Consensus Center, examines how environmentally friendly electric cars really are...

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