Cost, energy and health savvy electric vehicles are on the rise. Several automotive manufacturers are introducing more and more electric car models, which are increasingly becoming cost-efficient.
Fossil fuel burning cars cost billions. The world is not only paying for the direct costs of burning fossil fuels, but also losing on the climate and health fronts. These costs are expected to increase if the switch to EVs doesn’t happen soon.
Perhaps, this is why passenger cars are now adopting the electric designs which were once limited to luxury vehicles. EVs are becoming mainstream, potentially saving us from the deadly pollution and climate change disasters.
Stricter Regulations Are Behind The Increasing Investment
Several countries are taking a strict approach towards fossil-fuel based vehicles. Emissions restrictions, for example, put in place by the United States Environmental Protection Agency has generated interest in local car manufacturers to invest more in electric vehicles.
Further tightening of these regulations may give the boost this sector needs to reach their 54.5 mpg fuel economy target by 2050, as reported in 2012. Plug-in versions of routine, commuter cars will allow an increasing number of passengers to opt for cost and energy-efficient EVs.
In 2015, 462,000 new electric cars were bought, a sharp 59% increase from the sales in 2014. In their report, the Argonne National Laboratory indicates EVs will account for 58% of light vehicle by 2030. Non-hybrid gas cars may constitute less than 1/4th of the market by then.
What’s Supporting The Boom Further?
Energy efficiency and the use of renewable energy sources are main factors for adoption of these vehicles. However, the sales can be further supplemented with government intervention.
Proliferation of charging stations and their spread across the countryside will enable commuters to opt for EVs. Building proper infrastructure and offering tax credits can also influence the sales, helping people choose these energy-efficient vehicles over gasoline powered ones.
One of the most prominent changes can be reduction of cost. Lithium batteries traditionally used in hybrid vehicles are extremely costly. While the costs are decreasing for these batteries, alternatives in form of supercapacitors offer a better solution.
Supercapacitors, also called electrical double layer capacitors, are becoming more efficient. With the right electrolyte composition, capacitance much higher than what’s achieved with Lithium batteries can be gained.
The sales are no doubt growing and will see a higher trend if supercapacitors become mainstream for electric vehicles. They will be more efficient and cheaper, and even more environmentally friendly since most use graphene electrodes.
All eyes are on EVs for now. Every year, newer and cheaper models are coming on the road. Several manufacturers are looking to switch to mass production. Are you in the race too?
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