Electric cars are a technology that is rapidly changing the way people commute and live. With their long range and environmental friendliness, they are quickly becoming an alternative to gas-powered cars.
Electric cars have been around for a bit, but recently, the technology has started to hit mainstream markets. In addition, they have become more accessible now. But, the companies have not yet launched affordable new electric cars.
Still, many factors contribute to this change in electric car popularity. This includes increased government support, improved battery technology, and the growing demand for clean energy options.
However, very few of us can avail these benefits as these cars are pretty expensive. Therefore, the question is, after how long will we all be able to afford one?
Continue reading to know how much time will it take to commute in an environment-friendly manner.
Key Factors Affecting The Launch Of Electric Cars
Although electric cars are gaining popularity, they are not able to take over the roads.
So, let’s go through the factors affecting their take-over part by part.
Life Span Of Gasoline Powered Vehicles
Governments all over the world are focusing on selling newer, cleaner electric vehicles as a vital climate change answer. However, years, if not decades, could pass before the technology has a significant impact on greenhouse gas emissions.
One reason for this is that all of the existing gasoline-powered vehicles will take a long time to reach the end of their useful lives.
Reliability Of Gasoline Powered Cars
According to analysts, “fleet turnover” can be slow. This is because, traditional gasoline-powered cars and trucks are getting more reliable, breaking down less frequently and staying longer on the road.
Launching New Gasoline Cars
Even after constant government efforts, people are inclined toward buying gasoline-powered cars. This is happening because neither they have complete trust in the electric vehicles nor automakers are stopping from launching the new ones.
To account for the lag in turnover, automakers may achieve this goal if they could stop selling new gasoline-powered vehicles entirely by 2035.
Monthly EMI Calculations
The inherent challenge with electric vehicles vs. ICE vehicles is that an EV must pass a rigorous test of effectiveness and quality without considering long-term costs. An internal combustion vehicle’s primary requirement is that it be inexpensive, regardless of its long-term expenses or quality.
Most purchasers are just concerned with the monthly payment. To demonstrate this, go to a vehicle dealership, and the first question a salesman will ask after introducing themselves is, “how much of a monthly payment can you afford?”
So, when will a “cheap” electric automobile be available? It has already arrived. Simply compute the long-term expenditures rather than the monthly payment (adjust for present value). Thus, a Tesla 3 or numerous other electric vehicles will easily qualify as less expensive than a comparable quality ICE vehicle.
If all you want is a cheap econobox that will fall apart in three years, you’ll have to wait a bit.
These were the certain factors on which the implementation of the electric car depends. Electric car implementation can take longer than expected if not taken care of. This is why experts have proposed some solutions for the same.
So, let’s just glance at those solutions bit by bit.
Solutions To Speed Up The Electric Cars Buying Rate
A study performed by Carnegie Mellon University identified many approaches for increasing turnover rates. Some of them are mentioned below.
- Policymakers could prioritize electrifying ride-sharing services like Uber and Lyft first because these vehicles often travel long distances and are decommissioned sooner.
- There are also ways to remove older gas guzzlers from the road. Like, the US government launched a “Cash for Clunkers” program in 2009, which paid rebates to those who swapped in their old cars for newer, more fuel-efficient ones. In total, the government spent $2.9 billion to assist 700,000 automobile owners with vehicle upgrades. Similarly, governments can take such initiatives to buzz off the gasoline-powered vehicles entirely from the road.
- Some Democrats have proposed resurrecting the program in order to speed up the transition to electric automobiles. In other words, provide consumers with vouchers to swap traditional gasoline-powered automobiles for zero-emissions vehicles, such as electric cars.
- Another potential suggestion in the study was that cities could redesign their housing and transportation infrastructures to reduce people’s reliance on automobiles as a mode of transit. Building new bus and train lines, widening bike routes and walkways, and restricting automobile traffic in select areas are all options.
To encapsulate, researchers have discovered that even minor restrictions on private car usage can have a substantial impact. To know more about the most affordable all electric cars, you can scroll through the website of electric-car.tech.