Auto expert makes stunning prediction about when EVs will surpass gas cars on US roads: 'The implications to this hidden trend are wild'
This shift is occurring at a different rate per state, yet it is an impressive trend and encouraging for the health of people and our planet.
As Recurrent reported, a tipping point for gas-powered cars on the road comes when a state reaches 30% in EV sales.
That tipping point is 2025 in California and 2026 in Washington and Colorado. Other states will start seeing fewer gas cars added to their roads compared with the increase in EV sales between 2028 and 2035.
"The implications to this hidden trend are wild," wrote Scott Case, co-founder and CEO of Recurrent. "Revenue from gasoline sales and oil changes will begin to decline in several states in the next year or two."
Case explained that as this shift from gas to electric vehicles advances, gas car owners will find themselves driving obsolete technology that's expensive and challenging to maintain. He predicted that gas stations would start closing and gas-powered car repairs would become more costly and difficult to obtain.
He also suggested that the value of used gas cars will decrease since buyers are increasingly preferring EVs.
Meanwhile, the used EV market has been growing rapidly as prices for pre-owned, eco-friendly vehicles drop to affordable levels. A CarMax report shared that used EV prices dropped by over 40% between January 2022 and February 2025.
Recurrent is an innovative company that connects EV sellers to networks of dealers and monitors EV battery health for free. On average, EV sellers earn approximately $1,400 more by selling their electric vehicles through Recurrent.
There are now many ways to make owning an EV affordable and profitable.
Do you think a majority of Americans will have EVs in 20 years?
Absolutely
Only in some states
No way
I'm not sure
Click your choice to see results and speak your mind.
For example, some drivers are reducing their EV operating costs by charging their vehicles at home with solar panels rather than paying for public charging stations. EnergySage is a free and convenient resource for comparing solar quotes from vetted local installers.
Many people are excited about the prospect of having more EVs than gas-powered cars on their states' roads and enjoying less planet-overheating pollution in the air they breathe.
On Case's LinkedIn post sharing the data, one social media user commented, "Going electric is a no-brainer."
"I'd love to see the curve of adoption bend a bit more with more even electric to gas pricing and more affordable batteries," a LinkedIn user wrote.
"This can't happen quickly enough," someone else shared. "Clean air is a fundamental human right."
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Solar panels that fit on your balcony or deck are gaining traction in the US
When Terrence Dwyer received a knock on his door and a flyer for a solar panel system small enough to fit on his deck, he was quickly sold. Solar systems that plug into regular wall outlets have been popular in Europe for years and are gaining traction in the U.S. for their affordability and simple installation. 'We thought absolutely, let's do this right away,' said Dwyer, who lives in Oakland, California. These small-scale solar systems could become attractive to more homeowners now that President Donald Trump's sweeping budget-and-policy package will scrap residential rooftop solar tax credits and may shift interest to cheaper alternatives. Even before the GOP bill passed, manufacturers of the smaller systems known as plug-in or balcony solar were seeing increased demand and other positive signs such as a new Utah law streamlining regulations for homeowners to buy and install them. The systems about the size of a door haven't been as widely adopted in the U.S. as in Europe because of lack of awareness, patchwork utility rules and limited availability. The $2,000 plug-in solar system installed on Dwyer's backyard deck in March consists of two 400 watt panels, an inverter, a smart meter and a circuit breaker. It saves him around $35 per month on his power bill because he is consuming less energy from the grid, but he said reducing his carbon footprint was his primary motivation. 'We like the environmental benefits of solar and wanted to engage with solar in some fashion,' Dwyer said. Had Dwyer opted for rooftop solar, he would have paid $20,000 for the system and $30,000 to upgrade his roof to support the panels. Installing a plug-in solar system requires some homework. What power companies let customers do with energy-generating equipment varies, which is why prospective purchasers should check their utility's policies first. Building permits might be required depending on the municipality. Some systems can be self-installed, while others may require an electrician. For example, some kits have meters that must be wired into a home's circuit breaker. Removing hurdles for plug-in solar Dwyer bought his system from Bright Saver, a nonprofit company in California that advocates for plug-in solar. In addition to the type Dwyer bought, the company also offers a smaller model costing $399 that recently sold out in six days. 'The interest and demand have been overwhelming,' said Cora Stryker, a founder of Bright Saver. 'It is clear that we are hitting a nerve — many Americans have wanted solar for a long time but have not had an option that is feasible and affordable for them until now.' Kevin Chou, another founder of Bright Saver, said wider adoption of the systems in the U.S. has been hindered by utility policies that create uncertainty about whether they're allowed and a lack of state and local policies to make clear what rules apply. Some utilities contacted by The Associated Press say plug-in solar systems require the same interconnection applications as rooftop panels that send electricity back to the wider network. But Steven Hegedus, an electrical engineering professor at University of Delaware, said he doesn't understand why a utility would need to require an interconnection agreement for plug-in solar because, unlike rooftop systems, they are designed to prevent energy from flowing to the grid. Still, if in doubt, a customer should follow their utility's policy. During the early days of plug-in solar's growth, some opposition from utilities is likely since customers are buying less energy, said Robert Cudd, a research analyst at the California Center for Sustainable Communities at the University of California, Los Angeles. 'Utilities really prefer everyone being a predictable and generous consumer of the electricity they sell,' Cudd said. This year, Utah enacted a novel law supporting plug-in solar by exempting certain small-scale systems from interconnection agreements and establishing safety requirements such as being certified by a nationally recognized testing organization such as Underwriters Laboratories. It appears to be the only state that's passed legislation supporting plug-in solar, according to the National Conference of State Legislatures. Republican state Rep. Raymond Ward, who sponsored the legislation, said the smaller systems allow people to better manage where their energy comes from and what they pay. 'Europe has these things. You can go buy them and they work and people want them. There is no reason why we shouldn't have them here in the United States,' Ward said. Bright Saver says they are lobbying other states for similar legislation. Alexis Abramson, dean of the University of Columbia Climate School, also applauded Utah's move. 'We actually need more localities, more states putting in allowances for this type of equipment,' she said. Plug-in solar availability and savings potential Some questions remain about how much customers could save. Severin Borenstein, a professor at the University of California, Berkeley's Haas School of Business, said the cost of some portable solar systems in the U.S. would make it hard for customers to come out ahead on their utility bills over the time they own them. He estimates the price of a $2,000 system in the U.S. works out to paying about $0.20 a kilowatt-hour over a 25-year period, which only saves people money if they have high utility costs. By comparison, Borenstein said the cost of systems sold in Europe, typically around $600, is equivalent to paying about $0.05 or $0.06 per kilowatt-hour over 25 years. Baltimore resident Craig Keenan said saving money was only part of why he installed one of the smaller Bright Saver models on his balcony in July. 'I'm interested in renewable energy because the amount of carbon emissions that we produce as a species is very, very unsustainable for our world,' he said. He said he expects the system will save him about $40 per year on utility bills, so it would take him about 10 years to recoup the cost of the kit. Keenan, a mechanical engineer, said installation took him 10 to 15 minutes. 'I think anyone can install this,' he said. 'It's not complicated. It doesn't require a technical degree.' Other companies selling plug-in solar kits include Texas-based Craftstrom. It has sold about 2,000 systems in the U.S. since 2021, mostly in California, Texas and Florida. The company's basic kits contain a solar panel that can fit in a backyard or other sunny space, along with equipment to maintain and regulate the flow of energy including an inverter and smart meter. Kenneth Hutchings, Craftstrom's chief revenue officer, said their U.S. sales rose this year even before the passage of the GOP tax bill, and he expects demand for plug-in solar to increase further as federal rooftop solar credits expire. The company advises customers to notify their power company before installation, but it has "never had any pushback from any utility,' said Michael Scherer, one of the founders of Craftstrom. China-based EcoFlow plans to begin selling plug-in solar systems in Utah and expand to other states if supportive legislation is passed, said Ryan Oliver, a company spokesperson. 'This is an example of where technology is sort of ahead of the regulators,' Oliver said, adding: 'As this rolls out to more of a nationwide product, we expect it will become more mainstream as people understand it better." ___ Associated Press video journalist Mingson Lau in Baltimore contributed to this report. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at Isabella O'malley, The Associated Press Connectez-vous pour accéder à votre portefeuille
Yahoo
24 minutes ago
- Yahoo
Toyota to Launch Three EV Models in South Africa in 2026
Toyota (TM, Financials) will roll out three battery-electric models in South Africa in early 2026; it's the automaker's first move into a small but fast-evolving EV market already contested by Chinese, European and premium brands. The company dominates the hybrid and plug-in hybrid segment with a 67% share; its Corolla Cross is a top seller. Warning! GuruFocus has detected 4 Warning Sign with TM. Toyota South Africa CEO Andrew Kirby said the company will stick with a mix of powertrains from internal combustion to fuel cells but sees EVs as an important step. The launch will begin with imports; local assembly is planned for the future. Kirby noted the industry is grappling with flat production, falling local content and rising imports; major manufacturers have submitted policy proposals to the trade ministry, seeking tax changes and rebate reforms. He added that short-term measures could be announced within six months. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Turtle Beach Corporation, Together With The Donerail Group, Announces $20 Million Share Repurchase From Shareholder
SAN DIEGO, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the 'Company'), a leading gaming accessories brand, today announced it entered into a definitive agreement to repurchase 694,926 shares of common stock from Diversis Capital ('Diversis'), at the 30-day volume weighted average price of $14.41 per share, for a total of approximately $10 million. Simultaneous with the Company's repurchase, The Donerail Group ('Donerail'), an investment management firm, has acquired 693,962 shares of Turtle Beach common stock from Diversis at the same price per share. Following the completion of the transaction, Diversis will own approximately 10% of Turtle Beach's common stock. The remaining shares beneficially owned by Diversis will be subject to a new 90-day lock-up agreement. 'This transaction reflects our continued confidence in Turtle Beach's strategy and long-term value creation,' said Cris Keirn, CEO of Turtle Beach Corporation. 'We're pleased to have executed this repurchase directly, which aligns with our capital allocation priorities and underscores our belief in the strength of our business.' 'It has been a privilege to serve on Turtle Beach's Board of Directors and work closely with management over the past two years. The Company's transformation over that period has been significant,' said Will Wyatt, Managing Partner of The Donerail Group and Turtle Beach board member. 'We are excited to increase our investment in the Company as the Board drives to create value for all shareholders.' The repurchase was executed under the Company's existing $75 million authorization and in compliance with the Company's credit agreement and capital return framework. The recently completed refinancing of Turtle Beach's debt facilities provided the flexibility to execute this transaction and represents the Company's commitment of utilizing share repurchases to drive shareholder value. The transaction enhances shareholder alignment and ownership stability. About Turtle Beach Turtle Beach Corporation (the 'Company') ( is one of the world's leading gaming accessory providers. The Company's namesake Turtle Beach brand ( is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Turtle Beach's top-rated, fan-favorite Victrix brand is well-respected and favored by pro gamers in esports and the fighting game community. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol: TBCH. Cautionary Note on Forward-Looking StatementsThis press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words 'may,' 'could,' 'would,' 'should,' 'believe,' 'expect,' 'anticipate,' 'plan,' 'estimate,' 'target,' 'goal,' 'project,' 'intend' and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements in this press release include, but are not limited to, statements regarding potential share repurchases by the Company and the potential refinancing of the Company's outstanding loan balance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management's current beliefs and expectations, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to trade policies, including the imposition of tariffs on imported goods and other trade restrictions, the release and availability of successful game titles, macroeconomic conditions affecting the demand for our products, logistic and supply chain challenges and costs, dependence on the success and availability of third-parties to manufacture and manage the logistics of transporting and distributing our products, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company's other periodic reports filed with the SEC. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise. CONTACTS Investors:TBCH@ 277-1285 Public Relations & Media:MacLean MarshallSr. Director, Global CommunicationsTurtle Beach Corporation(858) 914 - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
