Are We Ready For The EV Revolution?
The electric vehicle revolution is coming sooner than you think!
That’s right, by 2030 and 2035 all new cars will be required to have significant electrification. This means that if you’re in the market for a new car in the next few years, you’re going to want to buy an electric one.
Don’t worry though, we’re ready for the EV revolution and we’ll help make sure you are too.
If you want to be ahead of the curve, now is the time to buy an electric vehicle. They’re still a little bit more expensive than traditional cars, but that price will come down as the technology becomes more popular. Plus, you can save money on gas!
Governments Have Set Targets
The vast majority of countries have now set targets for the electrification of their vehicle fleet.
The UK, France, China, India, and many more have all said that they want electric vehicles to make up a significant portion of new car sales by 2030.
In the UK, for example, every new car and van will need to be zero emissions capable by 2030.
The transition will seem slow since there will still be a number of older petrol and diesel cars on the road. However, what we need to look at is the percentage of new cars purchased that are electric.
This is where the revolution will happen, and it’s happening much faster than most people think. In Norway, for example, over 50% of all new cars sold in March 2021 were electric!
Buy, Rent, Lease, Subscribe?
In the coming years, just like internal combustion engine (ICE) cars, there will be a lot of options when it comes to electric vehicles. You’ll be able to buy, rent, or lease them and even get a subscription for an electric vehicle as a service.
The best option for you will depend on your budget, driving habits, and needs. However, one thing is for sure, there will be an electric car for everyone.
If you’re looking to buy an EV, you might want to wait a few years until the prices come down. But if you’re looking to lease, now is a great time!
The great thing about EVs is that there are so many different models to choose from. There are small city cars, large family SUVs, and everything in between.
No matter what your needs are, there’s an electric vehicle out there that’s perfect for you. Nowadays, you can even buy or rent a car online from home using the car dealer software.
What About Infrastructure?
One of the main concerns people have about making the switch to an electric vehicle is whether or not there will be sufficient infrastructure to support them.
According to the Alternative Fuels Data Center of the Department of Energy, there are presently over 46,000 public EV charging stations in the United States, with a total of over 115,000 individual (EVSE) charging ports.
In the UK there are more than 42,000 public charge points, and the number is growing rapidly. The government has also said that it wants all new homes to be built with EV charging points from 2025 onwards.
There are also a number of private companies working on installing EV charging infrastructure. BP, for example, has announced plans to install 12,000 charging points across the UK by 2030.
It’s clear that the infrastructure is being built to support the electric vehicle revolution, and it’s happening much faster than most people think.
Demand For EVs is Rising
According to the latest edition of the annual Global Electric Vehicle Outlook report from the International Energy Agency (IEA), electric vehicle sales doubled in 2021 to a new high of 6.6 million, with more now sold every week than at any other time since 2012.
This is despite the challenges posed by Covid-19, which hit the global economy hard in 2020.
EV sales are expected to continue to rise rapidly in the coming years as more and more people switch to electric vehicles. By 2030, there could be as many as 130 million electric cars on the road!
The average range of an EV is 194 miles, which is more than enough for most people’s daily needs.
However, many people still have what is known as “range anxiety”, which is the fear that their car will run out of charge before they reach their destination.
This is understandable, but it’s important to remember that the average person only drives around 30 miles a day.
Even if you only had a range of 100 miles, that would still be more than enough for most people’s needs.
Plus, as the EV revolution continues, the average range of electric vehicles is only going to increase. The Tesla Model S, for example, has a range of over 400 miles!
Still Too Expensive
At the moment, the price of a brand new EV is still too expensive for most people.
However, the price of batteries and other EV components is falling rapidly, and this is expected to continue in the coming years.
Plus, there are a number of government incentives available that can help offset the cost of an electric vehicle.
The Chinese Are Coming
The Chinese have made no secret of the fact that they want to be the world leaders in the electric vehicle revolution.
They are investing heavily in EV infrastructure and manufacturing, and they already have a number of domestic manufacturers that are selling EVs all over the world.
By 2030, China is expected to have around 50% of the global EV market!
What Does This Mean For The Future?
The electric vehicle revolution is happening much faster than most people think.
With government incentives, falling prices, and increasing range, there are a number of reasons to switch to an electric vehicle.
If you’re thinking about making the switch, now is the time!
- Infrastructure is being built to support the electric vehicle revolution.
- The demand for EVs is rising rapidly.
- Range anxiety is understandable but most people only drive around 30 miles a day.
- The price of EVs is falling and there are a number of government incentives available.
- China is investing heavily in the electric vehicle revolution.
What is the average range of an electric vehicle?
The average range of an EV is 194 miles.
How many electric vehicles are expected to be on the road by 2030?
By 2030, there could be as many as 130 million electric cars on the road!
What is the price of a brand new electric vehicle?
The price of a brand new EV is still too expensive for most people. However, the price of batteries and other EV components is falling rapidly. Plus, there are a number of government incentives available that can help offset the cost of an electric vehicle.
Is China investing in the electric vehicle revolution?
Yes, the Chinese are investing heavily in the electric vehicle revolution. They are investing in EV infrastructure and manufacturing, and they already have a number of domestic manufacturers that are selling EVs all over the world. By 2030, China is expected to have around 50% of the global EV market!
Photo by Ed Harvey: https://www.pexels.com/photo/black-charger-plugged-in-on-white-car-5391510/