THE FUTURE OF ELECTRIC VEHICLES

In the early 2000’s the hype over EV (Electric Vehicles) was high which rose questions on how they would impact the world’s economy, environment, energy efficiency, range and cost of recharge.

Electric vehicles have recently taken over a big share out of the global oil demand. However, they have lost the potential to keep up with the growing size of the market.

Since fossil fuels are harmful for the environment, Vehicle manufacturers have invested their resources into research and development to manufacture sustainable energy efficient Electric Vehicles, this is because many countries are enacting strict laws upon environmental pollution.

 

Electric vehicle sales statistics

1.   Nordic countries have emerged as frontiers when it comes to sales of electric vehicles

Norway dominates with 49.1% of all sales followed by Iceland with 19.0% and Iceland which has 8.0%

As Norway being the leader in Electric vehicle sales at a higher rate, the China and USA are catching up at increasing rate.

2.   The first six months of 2019, the plug-in deliveries reached 1.1 million units worldwide. This is and increase by 46% from the year 2018.

These figures include BEV and PHEV passenger sales, light trucks in North America and light commercial vehicles in Europe and China

 

This information proves that Electric Vehicles manufacturing, sales and usage is indeed a progressive trend and we should expect more electric vehicles to hit the road.

 

3.    As I am writing this article, Tesla is the biggest manufacturer and seller of Electric vehicles where in  US, Tesla sold 381, 190 units 2019 data followed by General Motors with 200,00 cumulative electric vehicles sold and Nissan having 130,00 units sold.

Electric vehicle Ownership statistics

1.    Since the Electric Vehicle’s Plug-ins require proper charging and parking spots. In the US, 56% of homes have access to proper charging of which 42% can charge their Electric Vehicles

2.    One of the largest economies in the world to embrace Electric Vehicles is China.

China is the global leader with charging stations for electric vehicles followed by USA having less than 100,000 charging stations.

 

The important information to take into account is, the average annual expenditure to run and electric vehicle is about $421. This is lower compared to hybrids and conventional vehicles.

Plug-in vehicles could cost to around $764 per annum and pure gasoline vehicles could cost around $1,500.

 

This difference in cost is another reason as why Electric Vehicles sales increases after every year, proving a bright future for electric vehicles.

 

Wrapping up

Electric Vehicles have a brighter future since manufacturing, demand, sales and usage is increasing steadily. Also with the minimum cost of running an Electric Vehicle without environmental pollution, further promotes the usage of eco-friendly machines and this encourages the society to join the clean energy revolution

 

Please leave your opinion on the comment section below.

 

 

 

 

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