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Electric vehicles have made some significant strides in the market, but still the numbers on the road are quite small compared to gas-powered vehicles, only a few percent at best. Sure, companies like Tesla, Nissan, and GM are making headway in the market, but it’s still in its infancy and has a long way to go. There are some obstacles in such a dream of everyone driving an electric car in the future. Let’s address some of these.
Here are five issues to consider and challenges for EVs (electric vehicles) if they are to compete in the number of gasoline-built cars each year:
1). Road Tax Subsidy: Motor vehicle departments in many states give registration exemptions for EVs, which means other car owners pay more, and some states note they can’t handle the revenue shortfall, so they waive the tax. The brakes would soon disappear – once again removing the incentive to buy a vehicle. EV, at a time when the volatility in the EV market is just beginning.
2). Cost of Electricity to Consumers: Consumers are now being charged more for electricity due to the mandate for alternative energy off grid electricity. Hydro runs short during times of drought, and solar farms are typically placed in areas far from major metro users, meaning more transmission lines are going into the desert at a cost of billions of dollars + each mile of transmission Energy is lost for The cost of solar isn’t cheap, and neither is the cost of wind-power. Although both are becoming more efficient, many of the previously built solar, wind farms required a good ROI and their cost now exceeded the cost of new construction. The increased electricity cost changes the price and cost for consumers who charge their cars at home.
3). Electric Car Range: Proponents say it’s improving by leaps and bounds, true. However, people have friends who have electric cars and have heard that their range is not as good as previously promised. Taking away customer sentiment and perception for the EV industry is a PR problem and will take time to reverse, thus hurting sales in the short term.
4). Lack of Charging Stations: Proponents note that Tesla is working on this problem of EV charging stations – and yes, so good for them, but not everyone owns a Tesla or can afford one. Can Tesla still offer this after the price drop? What about other buyers of small EVs, because if we want full-adoption people need charging stations so they can go on trips, not just local driving. EVs limit consumer travel options, and since these vehicles cost more on average than regular cars, people will continue to buy what they’re used to. Several million cars a year would need to be sold before full adoption by the EV industry.
5). Time taken to charge: Proponents note that charging times for EVs are decreasing dramatically, yes, but again that’s not the perception in consumers’ minds. And, not all electric cars are created equal nor do they have the same battery technologies that allow them to charge faster. Being out of juice and waiting to drive your car is akin to being “stuck” and consumers hate the idea of it.
Engineers, scientists and industry professionals are working on these things as we speak, but there’s a long way to go, that means a lot of upside, but it’s still a long road. Please take this into consideration.
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