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The Trade-Offs of Transitioning to Electric Vehicles

Description
This report discusses the trade-offs of electric vehicles at both the macro-level and the consumer-level. The idea of this project is to address the factors that will affect many people, which are the macro-level trade-offs. Consumer-level trade-offs will address the concerns that individual consumers have when buying a car. The…

This report discusses the trade-offs of electric vehicles at both the macro-level and the consumer-level. The idea of this project is to address the factors that will affect many people, which are the macro-level trade-offs. Consumer-level trade-offs will address the concerns that individual consumers have when buying a car. The macro-level trade-offs that are discussed include batteries versus engines, increased weight, and strain on the power grid. Consumer-level trade-offs include price, maintenance, cost of ownership, and safety. Electric cars are the future, and although the report points out a lot of potential issues, it is not meant to detract from the adoption of electric vehicles. There are so many possibilities regarding the future of the car industry and there is a lot to look forward to despite the current and future issues that will be encountered.
ContributorsNewcomb, Matthew (Author) / Carter, Craig (Thesis director) / Arrfelt, Mathias (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor)
Created2022-12