Are you searching for a car at the moment? If you are in for something new, then trying out electric vehicles or EVs might be what you need. What exactly are EVs and how should we prepare now that they are on the rise?
BY the name itself, EVs are vehicles powered up using electricity. There are various types of EVs: those that are powered by batteries, plug-in hybrids, and fuel cell vehicles. Among these, the most popular are battery-powered EVS. These vehicles are steadily rising in numbers. The U.S. EV market posted a solid first half (H1) of 2017, growing almost 40% year-over-year to 90,302 vehicles.
Electric vehicles will make up the majority (54%) of new car sales worldwide by 2040, according to a 2017 Bloomberg report. If you are thinking of buying EVs, you might be worried about the availability of EV charging networks or stations. Actually, there are EV charging stations for apartments and even hotels. They are everywhere and easily accessible, charging your electric vehicles won’t be a hassle.
As of December 31, 2017, there are an estimated 20,178 EV public and private EV charging networks (sites) in the US, with 17,526 (86.9%) being available to the public. There is even electric car charging stations at homes and resorts. It is not as difficult as you expect at all. EV stations are easy to find and gain access to.
Apart from the convenience of this vehicle, one major benefit of owning an EV is that you get to save the planet. One of the greatest sources of air pollution on earth is smoke belched by fueled vehicles. With the use of EVs, the number of air pollutants is considerably lessened.
Another bright side to buying an EV is the incentive you get if you purchase one. The United States Department of Energy offers a federal incentive program that gives up to $7,500 in federal tax credits for buying an electric vehicle. It is definitely encouraged to buy this environment-friendly innovation. Even the EV charging networks do not emit harmful gases and these help a lot in keeping the planet’s air clean.
The future for this vehicle is quite positive. The number of EVs on U.S. roads is projected to reach 18.7 million in 2030, up from 1 million at the end of 2018. This is about 7 percent of the 259 million vehicles (cars and light trucks) expected to be on U.S. roads in 2030. If this would actually happen, the positive impact on the environment is significant, giving the future generation a better place to live in.