As automakers try to plug into consumers’ future needs, electric cars are stirring boardroom curiosity – but not a lot of sales.
In addition, Some car manufacturers are banking on a different story in the future, though.
Also, Electric cars include less than 1 percent of U.S. auto sales, yet some major automakers are planning to manufacture many more electric models in the near future. According to an article on Bloomberg.com, General Motors plans to roll out 20 models by 2023. Toyota 10 by early in the next decade. Als, Researcher LMC Automotive predicts 75 electric models produced in the U.S. over next five years.
Furthermore, LMC forecasts gasoline powered engines will still make up about 85 percent of U.S. new car sales in 2025, but that electric cars’ market share will continue to accelerate. Bloomsberg New Energy Finance’s Electric Vehicle Outlook 2017 projects electric cars will form over 50 percent in sales. This is of new light-duty vehicles by 2035.
Annis gives four advantages of an electric car that will increase its popularity:
Let’s not forget! Also: Fuel cost savings. Electric cars are entirely charged by the electricity you give, meaning you don’t need to buy any gas ever again. An average American spends $2,000 to $4,000 on gas each year. “From the gas standpoint alone, the electric car makes a lot of sense,” Annis says.
Furthermore! Environmentally friendly. Cars and trucks are responsible for roughly 24 percent of U.S. greenhouse gas pollution, according to Scientific American. With no emissions, electric cars are eco-friendly as they run on electric Motors.
Also Low maintenance! No more oil changes, spark-plug replacements, or the many repair possibilities associated with an internal combustion engine and transmission. In conclusion, The electric car motor has far fewer moving parts. Also, Brakes on electric cars receive less wear and tear. “Expensive engine work is a thing of past,” Annis says.
• Quiet. Engines of gasoline- and diesel-powered vehicles contribute to noise pollution. This is harmful to health. A study published by the National Institute of Environmental Health Sciences (NIEHS) reported that nearly 100 million Americans had annual exposures to traffic noise that were high enough to be harmful. Finally! Electric vehicles are extremely quiet.
Source: Ted Annis (www.tedmagnetics.com) manager and co-founder of Transducing Energy Devices, LLC.