In just the few years that they’ve been around, electric cars have already become more and more popular. An increasing number of people are buying them, especially as they start to become more cost-effective. In this article, we look at why electric cars are the future of transportation.
Government Support
Governments have started to offer support worldwide for anyone purchasing an electric car. This is supported by the Alternative Fuels Data Center, which writes, “Some all-electric and plug-in hybrid vehicles qualify for a $3,700 to $7,500 federal tax credit. Many states also offer additional incentives for purchasing new EVs.”
Automation Potential
Electric cars have the potential to become automatic due to their electrical operation. This means that they can lead to safer driving, as effectively, it’s more like two people at the wheel. There’s also potential for integrating electric vehicles with smart grids and traffic management systems.
Growing Infrastructure
According to The White House, “President Biden’s Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery components, critical minerals, and materials.” The number of charging stations across the country is on the rise. Along with the government, private companies are also investing in this.
Popularity
Electric cars are becoming more popular each year and are starting to become a trend. There’s been a rapid increase in sales, mainly due to the public’s acceptance and recognition of an electric car’s benefits. Not only this, but there have been investments from countries such as Norway and China in the electric car infrastructure.
Environmental Benefits
There’s a significant reduction in carbon emissions compared to diesel and gasoline-powered cars. This is backed by the Green Economy Coalition, which writes, “Carbon emissions from electric vehicles are around 30% lower than petrol or diesel competitors.” Also, as technology keeps advancing, there’s a chance for electric cars to become even greener.
Cost-Effectiveness
There are lower maintenance and running costs with electric cars compared to diesel and gasoline. This is due to tax incentives and the savings on fuel costs. Electric cars also have a higher resale value and more robust second-hand markets to sell them through.
Technological Advancements
The technology behind electric cars is constantly improving. There have already been significant advancements in battery and charging technology, with the Yale School of the Environment writing, “Improvements like increased battery range, faster charging, falling prices, and reduced operating costs have made EVs an enticing option.”
Energy Efficiency
Electric cars can convert a higher amount of electrical energy into vehicle movement. It helps to reduce the amount of energy used when the car is idle. This means that an electric car has a better performance with fewer energy needs compared to conventional cars.
Reducing Oil Dependence
There are also geopolitical benefits that come from electric cars. With less reliance on oil, it means we have fewer oil and economic vulnerabilities, making us less dependent on energy from other countries. This independence in energy heightens the country’s security. Also, we won’t have to deal with fluctuating oil prices.
Industry Transformation
McKinsey & Company writes, “Mainstream EVs will transform the automotive industry and help decarbonize the planet.” A shift towards electric mobility completely changes the automotive industry. To start with, there will be a shift in the supply chain as the country focuses on batteries and electric drives. It will also create more jobs in the electric car industry.
Consumer Preferences
As the world becomes increasingly concerned about global warming, consumers are preferring greener options. An electric car is an eco-friendly mode of transportation. A person may also choose to purchase an electric car because they’re quieter when driving and create a smoother experience on the road.
Regulatory Push
Stricter emission regulations are driving the push towards electric cars. In some countries, there has even been a ban on purchasing diesel and petrol cars. Global agreements and policies are constantly being drawn up to reduce carbon emissions, and electric cars are a great place to start.
Climate Change Goals
Countries are coming together worldwide to tackle climate change, and they all agreed that electric cars will significantly reduce emissions. This is supported by CarbonBrief, which states, “Electric vehicles (EVs) are an important part of meeting global goals on climate change. They feature prominently in mitigation pathways that limit warming to well below 2°C or 1.5°C.”
Smart Cities
Cities are becoming much more sustainable. Electric cars are a key part of creating smart, sustainable cities. They smoothly integrate with a “smart city” infrastructure thanks to their renewable energy. Electric cars also mean quieter cities due to a reduction in noise pollution and improved air quality.
Economic Opportunities
Growth in the electric car market means new business opportunities are created, such as electric car dealerships and services. There would also be the development of new industries, as electric car parts would need to be created. Along with this, there would also be reduced healthcare costs that are linked to pollution.
New Vehicle Designs
Plug and Play writes, “With this new wave of electric vehicles, there is a desire for constant innovations in the electric car industry.” Electric cars mean there’s potential for newer designs and mobility solutions. Companies can become creative with their designs to put together unique cars that also encourage consumers to buy them.
Global Competition
Countries are all fighting to take the lead in the electric car market. This international competition is helping to drive electrical advancements and make cars as eco-friendly as they can possibly be. There have been some global collaborations in the technology and infrastructure of electric cars to really get the ball rolling.
Going Beyond Passenger Cars
Electric vehicles aren’t stopping at passenger cars. They also include a variety of transport modes, including trucks, planes, bikes, and boats. These vehicles will come in different forms, such as hybrid, plug-in hybrid, and fuel cell vehicles. The use of electric vehicles is set to increase over time, making them more common for public transport.
Global Commitments
Numerous states and countries have set ambitious commitments for electric cars. These include committing to electrical medium and heavy goods vehicles, which will significantly reduce carbon emissions. Every country is putting in an effort to promote the use of electric cars to create a more sustainable environment.
Opportunities in Electric Car Manufacturing
The major shift in electric cars has greatly impacted the transportation industry, leading to a higher number of job openings. There’s an increased need for battery production, with opportunities in battery technology, sustainability, and sourcing raw materials. Creating more job roles will only positively affect the economy.
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