The performance of upcoming electric cars will be amazing, and luxury electric cars will be smoother and quieter than anything we've seen since the 1920s.
The global electric vehicle market size reached 246.70 billion dollars in 2020, and the market is expected to grow from 287.36 billion dollars in 2021 to 1.318.22 billion dollars in 2028, with a compound annual growth rate of 24.3%, according to a report published by the “Fortune Business Insights” platform. (Fortune Business Insights) recently.
It may seem - at first glance and to many people around the world - that electric cars are everywhere. We see them on the roads of rich and poor countries alike. For example, the electric Nissan Leaf is widely spread in developing countries. , such as Jordan and Egypt.
It is rare that you do not see one of these cars while on the road in the Middle East, and at the same time, Tesla's Model 3 has become the best-selling car in Europe recently, and it is clear that these vehicles are becoming more and more popular day by day. However, from a broader perspective, the era of electric vehicles is still only in its infancy.
Digitally, electric car sales currently make up only 2% of the global car market, according to the Pew Research Center. If we take the United States, for example, only 200,000 cars were registered during the first half. From last year in this vast country, the same number of vehicles sold by Toyota in one month.
However, there are countries that are moving almost completely towards electric cars, such as Norway, in which sales of these cars constitute 75% of the market, which is the highest percentage in the world, and perhaps the real reason behind this is the government decisions in Norway that made the purchase of anything that is not electric Expensive, and therefore electric vehicles are the economically viable option for the residents of this country, according to what American writer Tim Stevens said in an article published by the Cnet platform recently.
Aside from exorbitant taxes, electric cars will become economically feasible day after day for different populations of the world, especially with the rise in fossil fuel prices, and new inventions and innovations that occur every day to improve the performance of these vehicles, such as increasing the distance covered by a single charge and shortening the charging time itself. As a result, experts expect that electric cars will spread long before the end of the current decade, as these vehicles will become the logical choice for the majority of buyers, according to the author.
The future of electric cars
Stevens points out that all major automakers have major programs to manufacture electric vehicles, whether it is Toyota's new $1.29 billion battery plant or General Motors' building of two factories - not one - to manufacture these cars. And even Dodge, the company that specializes in making mega-vehicles that consume fossil fuels, recently announced its plans to produce an electric car by 2024.
But why this momentum? And why are car manufacturers racing to switch to electric?
This may be due mainly to tougher standards and laws aimed at protecting the environment and minimizing emissions. For example, California, the largest car market in the United States, plans to ban the sale of gas and petrol cars altogether by 2030.
There are many American states that are going this way, and many countries and cities around the world are moving in the same direction. The city of Paris - for example - announced that it will ban everything on its roads except for electric vehicles in 2030.
Stevens believes that - apart from laws and regulations - electric vehicles simply provide a much better driving experience than regular cars; They are quieter, smoother, more reliable, and easier to maintain, with fewer moving parts, and with recent innovations, charging has become faster and easier, and the upcoming electric cars will very soon travel about 500 miles on a single charge, which is more than 8 hours of driving continuously and non-stop, in addition to For significant savings in gas and gasoline prices.
Currently, the cost of charging a Tesla Y Roadshow is $9.6, and it travels 330 miles non-stop. America, where the price of gasoline is cheap compared to many other countries.
For carriers that operate fleets of vehicles, the savings will be huge in every sense of the word, and some users of electric vehicle fleets claim that the cost reduction is up to 20% thanks to the savings in fuel and maintenance.
The writer says that there is still some doubt about whether batteries will be the long-term solution, or hydrogen-cell cars are the real way forward, but the reality is that hydrogen cars are electric cars as well, they only get their shipments from hydrogen instead. from the network.
The revolution is already happening now
Stephens confirms that the electric car revolution is already taking place, as charging networks are more prevalent now than they were only a few years ago, and if many rural areas are still not covered and rely on home charging, this is on the way to disappearing, and it is also true that electric cars are not It's still more expensive than regular cars, but that's about to change as well.
For example, Ford announced the launch of its new electric vehicle, the Ford F-150 Lightning, during the current year 2022, at a price of up to 40 thousand dollars, with a discount of about 12 thousand and 500 dollars. As incentives for buyers, which means that the price for the consumer will reach only about 27 thousand dollars, which is a very natural price, and it competes with the price of gasoline-powered vehicles. With which to operate a business site, it will definitely be the most suitable choice for consumers.
With the emergence of more affordable electric vehicles such as the Hyundai Ioniq 5, Toyota BZ4X, and Subaru Solterra this year, the trend towards Buying electric cars would be the ideal choice.
What does the transition to electric vehicles mean?
Stevens answers this question that this means a significant reduction in operating costs, especially if drivers can charge at home while charging stations on the streets will cost more, but in the end, municipalities will think logically and wisely as the city of London did recently, for example, where 1,300 street lights have been converted into chargers.
Even more exciting - the writer explains - that electric cars will be more fun to drive as well, and anyone who has sat in the driver's seat of a Tesla, for example, knows the joys of torque for electric vehicles, but we are only now starting to know what electric cars can do, thanks to unlimited power and the most advanced traction and stability control systems.
Accordingly, the performance of upcoming electric cars will be amazing, and luxury electric cars will be smoother and quieter than anything we have seen since the 1920s, while affordable electric cars will be incomparably better than other similar fossil fuel options that we have today.