Facts About Electric Vehicles and Their Impact on the Environment

by | Jul 2, 2024 | Electric Vehicles, Green Investments

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Electric vehicles are going to shape the future, just as they already are impacting our present. But what does the future of electric vehicles look like, and what will its impact be on our environment? In this article, we’ll explore the rise of electric vehicles and how they will evolve in the coming century.

The Rise of Electric Vehicles

It may seem as if electric vehicles have always been with us, and that is the case, in the past 20 years electric vehicles have been operational for the consumer market.

But it’s only until the years 2020 to 2021 that we see a 108% increase in global EV sales. By 2022, we have seen a milestone of over 10 million electronic vehicles being sold. By 2030, we’re expected to see almost 40% of all passenger vehicles to be electric.

One of the main proponents of the rise of electric vehicles is the attention to building a more sustainable world that government officials have been taking notice of.

Current President Joe Biden has invested into electric vehicle companies by over $85 billion in the years 2021 and 2022 with the goal of half the vehicles on the market being electric.

By 2022, we’ve seen more than 130,000 charging stations in the US, intending to build a network of 500,000 chargers by 2030. The biggest limitation we’re seeing now is the limited range that electric vehicles offer, but as time goes on, this range is going to increase with battery technology getting better and better.

Current Limitations of Electric Vehicles

1. Finding charging stations

Currently, there are 160,000 EV chargers across the USA. It’s estimated that the USA requires around 700,000 level 2 chargers and 70,000 level 3 chargers in its current status. By 2027, analysts are predicting there will be a need for 1.2 million level 2 chargers and 109,000 level 3 chargers deployed nationwide.

2. Charging Time

The time it takes to charge an electric vehicle can range from 30 minutes up to 60 hours for a full charge. This is a great option if you only take out your vehicle during the day for going to and from work, but it can become a hassle quite quickly if you’re traversing across the country.

The type of chargers is also going to impact charging times, as level 1 charging times can take up to 60 hours to charge, comparatively to the 4 hours that a level 2 charging time can take. Unfortunately, fast charging kits require 480-volt connections and are not something that is offered at traditional family homes across the nation.

Imagine you’re shipping heavy equipment across the globe, there won’t be any time to wait around and charge your big rig as you’re going to be pressed on time. Even now, as level 3 chargers can charge to full in around 60 minutes, it’s still an hour that’s lost in an already time-pressed industry.

As time goes on, chargers will evolve, and we may even see under 5-minute charge times in our lifetime. For now, this does pose a limitation on bringing electric vehicles into

3. High Initial Costs

Electric vehicles do have a higher upfront cost now, but they do require less maintenance and of course, don’t require any gas or diesel. As more vehicle manufacturers start to mass-produce electric vehicles, the price will come down as there is more supply in the market.

4. Limited Driving Range

Currently, even for automobile transport companies that are environmentally sustainable car movers, it’s not possible to compete with traditional gas vehicles. As of 2024, the typical distance that all-electric vehicles can drive is 110 to 300 miles per charge.

Compare this to the average of 400 miles per gallon, depending on the type of vehicle that is being utilized. This does not take into account that big rigs are hauling big loads, which means that it’s going to be less efficient for companies to wait around for charges while fuel can be loaded without any downtime.

5. High Cost of Battery Replacement

A new battery in a Tesla vehicle costs around $5000 to $20,000. As time goes on, electric vehicles lose their value rapidly. With only a lifespan of 10 to 20 years, gas-powered vehicles are going to stand the test of time far better than electric vehicles can in today’s environment.

Safety can also be a concern for even the safest car shipping service, as electric vehicles have had some incidents where the entire undercarriage of batteries ends up on fire.

What Does The Future of Electric Vehicles Look Like?

Before electric vehicles are mandated and gas-powered vehicles are sent to the graveyard, a lot has to change in the current environment. There are currently not enough charging stations across the world, and there needs to be a shift in mindset in the current consumer market.

If automobile makers keep selling gas-powered vehicles over electric counterparts, they will keep meeting those demands. However, this can all change if the government steps in and starts to mandate that vehicles must start moving to electric-only once the capacity allows for it.

However, in some industries, running on electric-powered vehicles is simply not possible. Consider how many trucks are going up and down the interstate every single day, and how much time would be lost if they had to wait many hours to charge their vehicles.

The International Energy Agency projects that by 2040, nearly all new vehicles sold will be electric. However, this is heavily reliant on governments taking the steps necessary to push automobile makers to stop producing gas vehicles.

Another reason it may take a long time to phase out gas-powered vehicles is that the current iterations of gas-powered vehicles are made to last. It will take at least a hundred, maybe even two hundred years passing for these vehicles to be obsoleted.

As of now, we’re seeing many governors signing executive orders banning the sale of new gasoline-powered vehicles by 2035. The big push here is going to be having a nationwide push to focus only on electric vehicles, and a better tomorrow.

Conclusion

The rise of electric vehicles signals a profound shift towards sustainability in transportation. While challenges such as charging infrastructure and high initial costs persist, governmental support and technological advancements pave the way for a future dominated by electric vehicles. With continued effort and innovation, we can create a greener, more efficient tomorrow on the road.

Also Read: How Are Electric Vehicles Revolutionizing The Future Of Transportation?

 

Author

  • Dr. Emily Greenfield

    Dr. Emily Greenfield is a highly accomplished environmentalist with over 30 years of experience in writing, reviewing, and publishing content on various environmental topics. Hailing from the United States, she has dedicated her career to raising awareness about environmental issues and promoting sustainable practices.

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