Lithium battery powered cars were first sold in the U.S. in 2008, roughly 110 years after their gas-powered predecessors debuted on American roads.
Located at the western edge of Massachusetts, Berkshire County is today, as it has always been, a popular place to spend the summer. Banded by Williamstown in the north and Sheffield in the south, the region’s farm and conservation lands conjure up a bygone era, even as the appearance of modern cars and trucks on its roads reminds us of the here and now.
Not surprisingly, I’ve noticed firsthand that electric vehicles from Tesla, Ford, Rivian, and others have crept their way into the Berkshire countryside. EVs currently account for less than seven percent of new car purchases in the U.S.—up from just 2% in 2020. But, thus far, they are embraced primarily by early adopters like those in the Berkshires.
As it turns out, this trend was also true of the Berkshires in the early years of the first automobile revolution. More than 230 manufacturers—including Knox Automobile, Stevens-Duryea, the Packard Motor Company, Olds Motor Works, the Henry Ford Company, and Mercedes Simplex—tested their autos on the roads of Berkshire County in the first 15 years of the 1900s, according to historian Bernard A. Drew. In his insightful study of the early automobile industry, Well Wheeled: How Cortlandt Field Bishop, Marguerite Westinghouse, Alden Sampson II and Gilded Age Lenox Cottagers Fueled the Brass Era of American Automobiling, Drew, himself a Berkshire resident, reaches back in time to the turn of the 20th century, when the barriers to enter the car business were much lower than they are today. Small teams of talented engineers brought their early prototypes to the road, and the well-to-do assumed the risk of patronizing their efforts.
During that period, many of the well-heeled luminaries of the Gilded Age, such as the Sloanes, Morgans, Whartons, and Vanderbilts, spent their summers in the county. Unconstrained by speed limits and licenses, these early auto enthusiasts provide a glimpse into the challenge of moving the first fleet of automobiles into the mainstream.
Edith Wharton, who was among the most successful authors of the era and a Berkshire aristocrat, was also fascinated by the automobile. While taking a break from writing the next chapter of The Age of Innocence, or pondering the plot line for Ethan Frome, she could be seen behind the wheel of her single-cylinder, 10 horsepower 1904 Pope-Hartford, her 24-horsepower Panhard, or one of her many other cars. But she lamented their lack of reliability and her frequent visits to the local mechanic. “One set out on a 10-mile run with more apprehension than would now attend a journey across Africa,” she observed. There was, however, an “inexhaustible delight in penetrating to the remoter parts of Massachusetts” from behind the wheel.
It wasn’t until Ford launched the Model T in 1908 that the automobile became easier to operate—it introduced a simpler 2-speed manual gearbox—and became affordable for many, thanks to mass production. Model T annual sales increased from 10,000 in its debut year to more than 300,000 by 1914.
As was the case during the first automobile revolution, early EV models from Tesla, Porsche, and BMW were typically priced in excess of $80,000, and embraced primarily by well-heeled auto enthusiasts. But in just 15 years, the market is already entering its Model T era: EVs have begun to close the price gap with gas-powered cars. According to Cox Automotive the average EV is priced at $6,200 above the average price of a gasoline powered car. The gap would be considerably narrower, but for the cancellation of EV tax credits enacted under the Affordable Care Act.
Undeniably, more is needed to appeal to those still reluctant to take the EV plunge. Faster charging, greater availability of public charging stations, longer driving range, better cold weather performance, as well as even more affordable models will help to close the gap. Advances in autonomous driving will also give EVs another leg up over gas-powered cars.
While the Model T revolutionized personal transportation in the U.S., the horse and buggy was still a common mode of transportation through the Great Depression, particularly in rural areas. It took roughly 30 years after their commercial debut for autos to become ubiquitous on American roadways.
The U.S. is less than two decades into the EV revolution. There is still plenty of time for EVs to mature and demonstrate their advantages over the internal combustion engine created more than one hundred years ago.
Please note that an earlier version of this Op-Ed, written by Ben Z. Rose, president of Battle Road Research, appeared in Barron’s.
IMAGE CREDIT: ILLUSTRATION BY BARRON’S; GETTY (1), DREAMSTIME (1)
The electric vehicle (EV) market is still in its early stage of adoption. Cars manufactured with internal combustion engines, drawing on an approach pioneered over 140 years ago by Karl Benz, continue to dominate the world’s highways and byways. And Yet, virtually every automotive manufacturer in the world is pursuing a variety of strategies to address the market, in an effort to embrace new technology, meet consumer demand, as well as comply with government regulators, who –for the most part—continue to pressure the industry to achieve better mileage standards, and reduce carbon emissions.
What began as a trickle with a lone, two-seat sports car introduced by Tesla Motors in 2006, EVs have become the fastest growing segment of the global transportation industry. Legacy manufacturers of internal combustion engine cars and trucks including General Motors, Ford Motor Company, Stellantis, Mazda, Porsche and many others, including Toyota, Nissan, and Volvo, are collectively plowing billions of dollars into research, development, and new factories to create the next generation of EV cars and trucks.
China is by far and away the largest producer and consumer of EVs, with more than eleven million EVs sold each year. EVs now account for more than 50 percent of all cars sold in the country. In Europe, EVs account for roughly 20 percent of all new car sales. In the United States, EV sales account for less than ten percent of all light vehicles sold in the U.S. The abrupt cancellation of federal EV tax credits implemented through the Inflation Reduction Act has reduced the incentive to purchase EVs, amid a last-ditch effort to save the internal combustion engine from extinction.
Despite a significant reduction in the investment in new factories and models by many global manufacturers, demand for EVs continues, as many consumers are taking the opportunity to embrace new technology, enjoy the quiet ride which most EVs provide, reduce out of pocket maintenance costs, as well as reduce carbon emissions, thus helping to save the environment for future generations. Survey after survey of EV owners in the U.S. confirm that —with few exceptions—they are unlikely ever again to purchase a gasoline-powered car.
Today, there are over 100 EV models for sale in the U.S., and yet Tesla continues to dominate the market with only three distinct models, the Model Y Crossover/small SUV, Model 3 sedan, and the Cybertruck, a next generation space-age pick-up truck. Tesla’s market share of more than 45 percent of all new EVs sold in the U.S. is more than three times that of GM, its closest competitor, a company which has dramatically scaled back its EV investments.
In the meantime, the emergence of more affordable models as well as a relatively new thriving market for used EVs promises to spur wider adoption I n the U.S. and other regions throughout the world.