Electric cars are surging in popularity with increasing demands in global markets. A study released by the International Energy Agency has reported that there has been 60 percent increase in electric vehicle sales in just 1 year. With impending threat of climate changes, this is a welcoming trends for those concerned with environments.
China, Europe and US are top 3 adopters of plug-in electric vehicles in terms of pure volume. Surprisingly, Norway has the highest electric vehicles adoption rate, with 5% of all vehicles on the road being electric powered.
The demands for consumers in electric cars are trending up for the foreseeable future. There are many must-know technologies that are exciting the electric car enthusiasts. Among them is Toyota, who are heavily investing into this emerging market.
Here’s what the spokesperson of Toyota had to say about in commercializing solid-state battery, which are promising to increase the capacity for EV in a revolutionary way.
“Among new generation batteries, at this stage, solid-state batteries are considered closest to the level of practical application required to equip vehicles for volume production. We are working on research and development, including the production engineering of solid-state batteries, to commercialize them by the early 2020s. However, we cannot comment on specific product plans.”
Global warming is certainly one motivation behind growing demands for electric vehicles. There have been influx of new policies and studies advocating the replacing gas guzzling cars with cleaner, more sustainable electric vehicles. It is estimated that 1.5 million barrels of oil can be conserved by 2035 with mass adoption of electric cars.
The primary incentive behind the growth of electric vehicles sales, however, lies in simple economics. The battery technology is getting better and is causing the plummeting costs in rechargeable batteries. US Department of Energy released a statement that in from 2008 and 2015, the cost of battery for an electric vehicle decreased from $12,000 to $3,600. This has all translated into lower prices for electric vehicles for consumers.
Better Battery Tech is Paving the Way for Longer Ranging Electric Vehicles
Tesla is leading the charge in innovations in electric vehicles. Model S has a capability of going up to 337 miles on one charge, which was out of the realm of possibility 10 years ago. With strong performances in powertrains and battery tech, Tesla is enjoying a success that could affect measurably positive changes in global warming.
Following Tesla’s success, Chevrolet, BMW, Volkswagen, Hyundai, Kia and Audi have all followed suits in producing electric vehicles. Chevy Bolt EV, often referred to as a red-headed step cousin of Tesla, has improved its driving range in a surprising way. The EV is now capable of driving up to 238 miles on a single charge. While it fills a niche in lower priced category than Tesla, it is refreshing to see Chevrolet continue to innovate and fill the market demands for the need in mass consumer friendly EV. Other car makers are taking notes and jumping into the market. Fia, Ford and Mitsubishi have all released new lines of EV in 201.
Global warming is a challenge that requires participations not only on a political level, but on a consumer level as well. It won’t be long until we see gas powered cars relegated to be shown on museums, not on our roads.