They estimate the tipping point will occur once the electric vehicle battery range surpasses 321 kilometres and electric car prices drop to the $20,000-dollar range. Currently, a low-end electric vehicle costs somewhere in the $30,000 range. Industry thrivingThe RethinkX report comes at a time when auto sales in Canada have been booming and employment at dealerships is climbing. (Stephen Lam/Reuters)While he believes electric vehicles are the natural progression of the auto industry, he doesn't see them taking over. That's why he doesn't think dealerships will soon join the list of businesses lost to advancing technology, like video rental stores.

Source: CBC News June 13, 2017 09:00 UTC