This chapter discusses the importance of electric cars in combating climate change, highlighting their impact on reducing emissions and the high percentage of electric cars in cities. It also addresses the challenges of charging infrastructure and parking spaces for electric vehicles, as well as the debate on prioritizing electric cars versus promoting other environmentally friendly modes of transportation.
Growing sales of electric vehicles around the world have also come with growing pains. In China, outdated models no one wants pile up in vast EV graveyards. In Norway, tax breaks for electric car buyers have been so successful that the government faces a revenue shortfall.
Bloomberg’s Linda Lew and Businessweek contributor Willem Marx join this episode to talk about the upsides—and downsides—of the EV boom. And Oslo city councilman Eivind Trædal explains why electric cars can sometimes make the problem of traffic-clogged streets even worse.
Read more: China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
See omnystudio.com/listener for privacy information.