/PRNewswire/ Natural Gas Vehicle Institute (NGVi) is proud to announce that it has successfully met the requirements for accreditation from the National.
reporter: i imagine a traditionalist would look at this and go, you re ruining a classic. i would love them to try it. reporter: and there are plenty who want to try it. we drove around. i have to laugh every time. installing the illuminator requires an experienced mechanic. this is an e-crate motor. reporter: which is keeping him in los angeles and busy. he turns a gas-powered car electric. the longer term goal is to get it where it s plug n play. i m going to say a year or so out minimum. reporter: the ford engine kit quickly sold out. but the market for electric conversions is just getting charged up. it s expected to surge to nearly $120 billion by 2031. many people feel that electric vehicles are just like a gas vehicle with electric
by the year 2030, they are going to need like 1.2 million. so everybody knows they are not ready for it, and the people who are criticizing it are effectively saying it s not worth it to spend tens of billions on this, they are committed to do. sandra: and what was said on this program and wall street journal, he s all about the green evolution, make it so it happens organically, innovate around it so it makes more sense for people. you look at the price, put it up on the screen, the average cost of a new electric vehicle in this country, cost prohibitive as you said, $66,000 compared to a new gas vehicle. it is still much cheaper for people to buy new gas, $43,000. but the cheapest electric car you can buy out there, we are told, nissan li, $27,400, and the point goes back to if this is so great for people right now, why do you have to tell them they have to do it, connell? i think more than anything,
run off of electricity there, but for the most part, the state, it s going to be difficult, especially with this technology, difficult to run anything but a combustion engine for some time in the state. no, we are not contemplating joining that group of states that are joining california. sandra: not something you are against, fair to say. but the forced conversion is what you are against. i want to put this on the screen for perspective of where we are in the united states, one that clearly this administration and a lot of democratic governors continue to push. the average new electric vehicle in this country today, and it keeps rising, is now $66,000. new gas vehicle is still at $43,000. although you will probably tell me that cocould soon change because so many of these car makers are seeing this forced conversion in some states, and seeing the willingness of some governors to push this, more and more building the electric vehicles but they are expensive,
when the sun is shining or when the wind is blowing. they ll probably want to do it at night and what happens when the wind is not blowing. the second part, of course, you also have to remember in order to make electric vehicles cheap, you build most of the batteries in, for instance, china, made with mostly coal, and so the reality is yes, electric vehicles cut a little bit of emissions but not nearly as much of what you think. so the international energy agency cut ten tons, for most people that does not mean anything. a third of their emissions over their lifetime. remember, you could have bought that reduction at the u.s. trading for about, you know, $100 or so. it s ridiculous to spend $7,500 to do that instead. interesting. and by the way, your point about them being so expensive. e.v. average, price of an electric vehicle today, 66,000, compared to a new gas vehicle.