Electric CarsElectric cars seemed like science fiction a decade ago, but today, the market is full of cars that run on batteries instead of fossil fuels. It’s a long-expected change that our planet needs because there are billions of vehicles in use today, and they produce tons and tons of CO2 which causes global warming.
Humanity is slowly waking up to the fact that we’re the reason why the Earth is changing so quickly, and cars are a big problem. It is estimated that the sales of EV will go through the roof in the next 15 years, especially after situations like the Volkswagen emissions scandal. But, what is the future for electric cars really like? Let’s see that for more details.
Expanding the market for EV
Believe it or not, EVs are nothing new. In fact, they were already available in the early 1900s, but the Ford Model T changed the game. Electric vehicles were forgotten for a good part of the 20th century, but they are back and they are here to stay.
The rising oil prices at the beginning of the 21st century have driven automotive companies to turn to a replacement for petrol motors. Electric cars were already available at the time, so the manufacturers decided to produce the EV massively.
The Tesla Roadster has been the biggest change and people started buying more and more EV since it came out in 2008. Why? Well, a single battery charge costs almost nothing and you can drive the car for over 200 miles on it. The fact that there are no emissions is also appealing to people who are concerned about the environment. So, the market will grow year by year.
More competition equals better electric vehicles
Tesla made a huge breakthrough with their Roadster and other automotive companies were soon to follow. Names like Renault, BMW, Nissan, Lexus, and others have realized that EV are the future, so they quickly made their way into the market with their own electric car models.
The number of electric cars that are sold is growing by the day, and the manufacturers are spending billions to make newer and better EVs. Volkswagen, for example, plans on producing close to 100 new EV models by the year 2025, so we can expect a drastic drop in the production of fossil fuel cars.
New infrastructure will bring an increase in electric vehicles
The infrastructure is what effects the speed of which EVs take over the market. Just a couple of years ago, Europe had only 50 thousand public charging ports, but that number has tripled since then. The most advanced western countries like Norway, Sweden, and Switzerland are already making a switch from petrol cars to electric ones. You can charge your vehicle anywhere for free, but that’s still far from possible in many other countries in the world.
Support from the government
The government of every state plays a huge role in the expanding of the EV market. The UK, for example, came up with a couple of laws that make owning an electric car much cheaper than a petrol one. The registration and taxes for EVs have been drastically reduced in some countries, which stimulates the EV market and more and more people are switching to electric cars.