What Are the Implications of Electric Vehicles for the Environment and Business?

Last fall, Germany’s upper legislative chamber proposed to phase-out the gasoline-powered car by 2030. Is that possible and if so, what would the implications be for businesses and the environment?

The answers are that it depends on whom is doing the analysis and the variables that are being used. But businesses that use all-electric vehicles — or even plug-ins — may have to pay more up front for their cars but they will send positive vibes into the markets where they do business. And if government policy subsidizes the cost of making this transition, it could pay off.

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