Abstract
In this paper the electric vehicle implementation and is feasibility is studied, as a substitute for the internal combustion-powered vehicles, in the near future. This study is based solely on the official data, publicly available, and considers the best-case scenario, as well as the worst-case scenario for implementation of 100% electric vehicles as the only mode of transportation. The predicted electric power demand is factored in, based on national statistics and demographic trends, as the comparative study explores the possible changes in the transportation industry, based on current state of the art technology. The authors refrain to make any predictions or prognosis vis-à-vis economic impact based solely on the conclusions expressed in this paper.