Electric Vehicles technology is gradually flourishing and is giving a fierce competition to the IC engine vehicles. The majority of the companies are investing their time and financials in developing EV technology. There are immense benefits of opting for electric cars for a daily commute, starting from a rapid decrease in pollution to switching to renewable fuel. Still, there are a lot of myths or unfavorable facts against the use of EVs. Any new emerging technology has to go through a lot of research and screening. Since electric vehicle technology is still under a development phase, there are some of the issues which need to be fixed. Let us burst the myths and find out the truth and reality of upcoming electric vehicles.
The Reality of Electric Vehicles
The biggest misconception people have is that buying electric vehicles is much more expensive than the regular combustion engine motor vehicles. Although the initial investment for an EV may be slightly more than the combustion vehicles, the post-purchase cost is less. The full recharging of the batteries is much lesser than the refueling of the gasoline. Since the EVs have very minimal moving components, their after-service cost is insignificant compared to the servicing cost of gasoline cars. Therefore, the EVs are an excellent investment for the future. The cost of ownership of an EV will not concern you in the future.
Other myths include a lack of proper EV infrastructure in the countries and less range of electric vehicles. This point is somewhat valid at present, but the EV industry is working day and night to improve the buyers’ situations in the nation. These problems are among the primary issues that the electric vehicle industries are presently focusing on, and will soon be able to build a robust EV ecosystem around the world. The charging time is one of the significant issues faced by EV buyers. But this problem is soon going to be resolved since many Automobile and Energy companies have strategically tied-up to improve the charging facilities in their countries respectively. Also, the EV industry is planning to make the charging facility approachable to every consumer, hence working on installing the charging plugs in the houses.
Are Electric Vehicles Worth Buying?
There are plenty of unresearched facts against the use of EVs, but electric vehicle technology is on the verge of proving them wrong. Although the electric vehicle industries worldwide are gradually shifting towards the production and manufacturing of EVs, they are unable to convince and influence the consumers to opt for purely electric motor vehicles. The buyers are still confused about their purchase. It is entirely a personal decision, and one must look at both the pros and cons of any technology. Let us check out whether the newly manufactured electric vehicles are worth buying or not.
Since the development in EV industries of many countries is at peak and is experiencing positive growth, buying an EV at present can be the right call. Since many auto sectors and energy-producing companies are investing in the electric vehicle sector, it will result in the growth of the overall infrastructure. Countries like India are reducing the prices of electricity, which will result in the cutting of charging expenses. The implementation of local manufacturing of EV components and other crucial elements in the country will decrease the on-road prices of electric motor vehicles. The continuous development of an organized and structured EV ecosystem will lead to a vast consumer base for the EVs.
Apart from such materialistic benefits, one of the primary advantages of using electric vehicles is the health benefit. Although the generation of electricity produces some amount of carbon dioxide, overall, the use of EVs generates almost 60% less CO2 than combustion engine vehicles. Hence there are a significant number of advantages of purchasing an EV instead of the IC engine vehicles. Since the EV industry is developing, and the raw materials’ prices will go down, buying an EV at present is an excellent investment to make at present.