You see all the adverts on the TV, you hear about them on the radio and read about them on the internet, so the question is: Are electric vehicles a fad or are they the future?
Electric vehicles have made a huge comeback from their previous success in the 1900s (which sadly was stalled due to the cheaper alternative of petrol cars from ford). In recent years sales of electric cars have rapidly increased showing a 236% rise year on year!
There are many reasons as to why people are moving to fully electric and one being its a lot cheaper to run. Despite the initial costs, which tend to be higher than your petrol/diesel car, in the long run electric is very cheap to maintain/run. With more research, investment, charging networks and new technology, prices of EVs are falling making them more affordable and it would be plausible that the prices will continue to go down in the near future. With these new investors and car companies adapting to make electric cars, the range of new EVs are increasing bringing in more variety and meeting the needs of drivers. Some governments are creating incentives for people to go full electric by offering grants to new electric car buyers which is around £3,500 (in the UK) off the price of brand new models. Options around vehicle leasing also makes getting an EV more accessible.
But why is the government encouraging people to go full electric? The main concern is the environmental impact, electric cars are very environmentally friendly compared to its petrol/diesel rivals. You’ve probably heard about the upcoming changes to producing petrol/diesel cars, by 2035 the sales of petrol, diesel and hybrid cars are to be banned. Increased taxes, parking surcharges and the news of a ban have steered buyers away from fuel based cars and pushed towards electric.
By the end of 2020 we’re expected to see at least 30 new fully electric cars for sale including small models and larger SUV types. Car manufacturers are moving towards the future and adapting to their future business market. From 2019 – 2030 its anticipated that the EV market will grow at an annual rate of 43%, charging infrastructure at 42% and the battery market 60%.
The future is looking very promising for EVs so what’s the reason why some people are conflicted?
A worry that seems to pop up is the battery life on the EVs.”What if my battery dies when I’m out?” With better research and technology, battery life and charge time has drastically improved, some cars will have the ability to drive 250 miles on a full battery. Unless you’re driving for a substantial amount of time you wouldn’t need to worry about the battery running out. The average miles driven per day is estimated around 20 though this is dependent on the person. Charging stations have been installed across the country with the option of having one installed in your home, making it a lot easier than traveling to petrol stations. According to research new battery technology could give EVs more than 200 miles of charge in as little as 10 minutes!
To conclude the future of EVs is looking very promising with not much standing in its way. With government backing, research, technology and investors it is predicted that in the next few years we’re going to see the fruit of that huge investment. Many manufacturers are transforming their businesses and putting millions into the development of electric cars, making it more affordable for new buyers and more practical with range to choose from. Environmental issues are on everyone’s mind, the majority of people are keen to own an electric car but they’re just waiting for the price to become more affordable. Money is being invested in charging networks which will help combat any fears of batteries running low which run in hand with improved battery technology for longer journeys and faster charging times.