That might sound a little futuristic but the future is already here. The next decade belongs to EVs and this is all you need to know about them.
The past two decades escalated pretty fast. From keyboard to touch screen mobile phones, we are moving faster than ever. The race to create something better than before is getting faster. The world wants a better way to move around without being held responsible for climate change. The automobile industry might be a little late but a new era has already begun. With Tesla, defying all odds to create a huge market for electronic vehicles, we are looking forward to a huge growth in EV industry.
I’ve actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don’t mean hybrid, I mean fully electric.Elon Musk, CEO Tesla
All we need is a solution so efficient which makes us forget the old ways.
Let’s find out why I believe the next decade belongs to EVs:
- The best possible alternatives that are available for crude oil. The rising prices of petroleum has everyone looking for alternatives to cut the expenses. The pandemic hit our pockets hard. Electric vehicles are the only substitute to move around with low maintenance coming in handy. The new generation of EVs are very much efficient in cutting down numerous costs that one has to bear in gasoline-based vehicles. No more hustling with the grease, all you need is some positive charge.
- Mark the year, 2025. The automobile industry accounts for India’s 7 percent of the country’s Gross Domestic Product (GDP) and its contribution is projected to increase to 12 percent by 2026. The government is taking some major steps to uplift the EV manufacturing sector by providing subsidies and incentives. As per a major media outlet, the government is planning to ban the manufacturing and selling of petrol engine bikes up to 150cc by 1st April 2025. This could result in a major upsurge in the manufacturing and selling of electric scooters and motorcycles.
Electrical energy is much efficient than any other energy form. Unlike others, there are multiple ways to generate and conserve electrical energy.
- Scope of innovation. Since we are standing at the initial steps of this journey, there is a huge scope for innovation. Limitless possibilities are awaiting in the design and deployment of EVs. You can make it solar-powered, use some fresh renewable source of energy. All these come with no limitations and a huge playground to innovate and implement. Above all, India’s geographical conditions allow it to build tremendous infrastructure to generate electricity. Take a deep breath, we are just getting started.
- Refill anytime, anywhere. A lot of people are skeptical about buying an EV because there are fewer charging stations available. Think it the other way. With electricity everywhere, every place is a refill point. Starting from your home, your office, your cafe, your relax spot, almost everywhere. In other words, this is literally the best thing about EVs. Everything about them is so easy and low-maintenance.
You are not looking at an alternative here, you are looking at the future of mobility.
- The entry of giants. Almost every automobile giant is working on an EV. They are not having FOMO. Each one of them has realized what lies ahead. This is one of the major factors contributing to the formulation of efficient policies by governments to make way for EVs. We are looking at one of the major transition phases.
The last decade might be the initial phase but this decade is going to be much bigger than that. With tremendous growth and opportunities lying ahead, all we need is to identify the best configuration and go for an EV.