The year 2022 was a turning point for electric cars. A lot of buzz around several brilliant new models, and there was an increase in production and public charging stations. The automotive industry will probably be dramatically impacted by these cars. Some even garnered media attention during the World Car of the Year Awards.
There Will Be More Electric Vehicles (EVs) on the Road
Innovation in battery technology, efficiency, and other aspects of the automobile sector will continue. By 2023, there will be more electric vehicles (EVs) than ever before on the road. Though these are only a few of the year’s major accomplishments, they mark the start of the major transformation for the automobile sector.
Buying and Leasing an EV Will Not Be Difficult
In the next few years, you’ll be able to select an EV that suits your needs, whether you’re seeking for a full-size SUV, a sports sedan, or a hatchback. The cost of these cars will drop as more models hit the market, and their variety will increase. An EV may be purchased or leased more easily today than it was a few years ago.
Countries Transitioning Towards EVs
Legislators in the USA have put up a bill that would grant EVs free licences. Additionally, it demands the use of a single window process for all EV permits and the establishment of a number of charging stations by the year 2024. Additionally, the state will exempt EVs from paying road taxes for 5 years. A policy to phase out cars fueled by fossil fuels by 2030 has also been made public by India. By then, it aims to have 200,000 electric cars available to the general public.
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In 2025, China is anticipated to overtake the United States as the world’s top electric car consumer. It is clear why the country is making progress with its strategy given that its use of coal for energy production is down, air pollution is rising, and its energy mix is transitioning toward cleaner sources.
The Year of Oil Vehicles Is Over
By the end of 2040, it’s estimated that electric vehicles will account for more than 35 percent of all auto sales. This will mean less oil will be needed daily as a result of this. Additionally, driving range is growing as battery technology advances.
