Electric vehicles (EVs) are getting increasingly popular because their batteries have become cheaper. People also care about the environment, so they like that EVs are sustainable. In the past few years, lots of people have started using electric cars because they like using them.
Some people believe that electric cars will become really important for vehicles in the future. Electric vehicles (EVs) use electricity instead of fuel to move. They are good for people who want to help the Earth because they do not create harmful emissions.
This essay discusses what could occur in the future regarding electric cars (EVs) and their significant impact on the car industry. To begin first we understand the current situation of electric vehicles (EVs).
The International Energy Agency (IEA) says that over 10 million electric cars are being used right now.
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They also mention that 4.2% of all new cars sold are electric. While this is still a relatively small percentage of total vehicle sales, the trend is well-spoken: increasingly, people are owning EVs. Many people want and like electric cars because of different reasons.
One big reason is that the batteries used in electric cars have become cheaper. The Market of lithium-ion batteries, which power most EVs, has decreased by more than 80% since 2010, equal to the IEA. This made electric cars cheaper to buy and created many new models that can travel longer without needing to recharge.
More people like electric cars because they help the environment and reduce pollution from vehicles.
Governments worldwide help people buy electric cars by creating rules that offer benefits such as lower taxes or financial assistance. In Norway, electric cars (EVs) are exempt from many taxes and tolls. Over half of the new cars sold in Norway are EVs.
Some cities say you can't use cars that need gas or diesel in some places. This means more people will want to buy cars that use electricity instead. Despite the growing popularity of EVs, there are still some challenges that need to be addressed surpassing they can wilt the dominant form of transportation.
Electric cars have a common issue: they can't go long distances without needing to be charged again.
While a few can travel over 300 miles on one charge, many can only go less than 200 miles before requiring a recharge. Long trips are hard and need more planning and stops for charging. Not enough places to charge electric cars. There are more than 200,000 charging stations around the world, says the International Energy Agency (IEA).
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But there are still fewer of them compared to gasoline stations. Electric car charging takes longer than filling up a gas car, which may discourage some people from owning one. Electric cars may become very important in the future of the car industry for many good reasons, despite potential challenges.
When batteries get smaller, electric cars will be less expensive and better than cars that use gasoline.
Governments worldwide are creating rules to encourage the use of electric cars. These rules aim to increase people's interest in buying electric cars and address the issue of limited charging infrastructure. Car companies are using lots of money to make electric cars.
They are also creating different kinds of electric cars. One example is General Motors. They are planning to invest $27 billion in making cars that are electric and can drive themselves by 2025. They also want to make 30 new electric cars by that year.
Big car companies like Volkswagen, Ford, and Toyota also plan to spend more money on making electric cars. Equal to the IEA, the global transportation sector finances 24% of global energy-related CO2 emissions. Using electric cars instead of traditional cars would remove harmful gases and help decrease the effects of climate change.
In the future, people might like electric cars the most. Many think this because there are good reasons, despite some problems that still need to be solved. The battery technology market is shrinking. It's because governments make rules that tell people to use it more, and big car companies invest in it.
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