Enigmatic Horizon Staff
The automobile market is changing the worldwide landscape as technology and the interests of customers have evolved over time. In addition, these electric vehicles are gaining momentum as they offer an opportunity for many countries with no fossil fuel reserves to be independent of foreign oil. It also develops a flexible infrastructure based on renewable sources of energy. Countries like India that aren’t as industrialized but still have a lot of potential for economic growth are trying to take advantage of the economic opportunities that come with electric vehicles. Despite the worldwide pandemic in the year 2020, annual electric vehicle sales are expected to approximately grow by 9 million units by 2025 and by 26 million by 2030. On the other hand, electric cars are forecasted to take over engine cars in projected global sales before the advent of 2040.
At the onset of the year 2023, with the rising popularity of electric vehicles, electric cars will be the game changers in the global market. One of the glaring benefits of electric cars is that they contain no fuel, which lessens the impact of environmental pollution. Another positive aspect of owning an electric car is that the use of communications and artificial intelligence for improving the mobility of the vehicle makes it efficient and consumer-friendly. Another positive factor about owning electric cars is that one can save a lot of money on fuel by eliminating the use of gasoline or other fuels. Electric cars, in addition, contain fewer moving parts and require no oil changes, spark plugs, or fuel filters. This typically lowers the maintenance cost of the car and makes it easy on the pocket. In most countries in the world, the majority of the emissions come from commercial vehicles. Electric vehicles reduce such emissions because they emit no greenhouse gases. The absence of an internal combustion engine in electric cars equates to less noise pollution.
But despite the many benefits and what seems to be a bright future, electric cars face some important problems. The high purchase price, lack of supportive infrastructure and clean energy requirements, and need for a sustainable supply of material resources are some of the key challenges. Electric cars have trouble getting on the road because there aren’t enough charging stations and they can’t go far. Most electric car batteries are in the 50-70 kilowatts per hour range, and the battery capacity of electric cars continues to decrease. Another demerit of an electric car is that, compared to conventional automobiles, electric cars have a shorter driving range. They can be convenient for short-distance travel but are inconvenient for long-distance travel.
Although this technology of electric cars is very promising and can readily transform the future transport system, the worldwide economy still has a long way to go to tap the potential market. In the worldwide transportation market, consumers have limited knowledge of operating such cars with cutting-edge technology and features. Hence to sum up, if the electric car manufacturers work on their challenges, encouraging people to purchase more electric vehicles, it may shadow the gas-power-enabled automobiles in years to come. However, whether this will have a positive impact or not, remains to be seen.
