According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and "are eating into the transportation system and taking bigger bites every year." Soon, it predicted, the number of gas cars globally will start to shrink and could largely affect transportation, fuel costs and energy systems.

Some automakers, such as General Motors, are already making statements claiming that they will stop selling new gasoline-powered cars and trucks and will pivot to battery-powered vehicles. General Motors said its plan is to be fully executed by 2035.

"One of the bigger questions is around whether or not the U.S. power grid is able and ready to handle this surge of electric vehicles. If every American switched over to electric passenger vehicles, the U.S. would see a 25% increase in electricity," said Kiana Van Waes, corporate sustainability analyst at Convoy. "As we've seen in Texas, this can cause a complete collapse of the entire U.S. energy system. There's a lot of work that needs to be done in this area and it's very costly and time consuming."

"We are currently introducing EV in the places that we can actually do it right now, like local delivery. In these cases, the delivery radius is not that far, so the driver can deliver and come back to charge the vehicle," said Danny Gomez, managing director of financial and emerging markets at FreightWaves. "Long haul is still a problem. EV charging will need to be more ubiquitous overall. There are signals that the government is interested in making those investments."