Electric Vehicle: A name that has taken over the market in the last decade. The increasing graph of its usage has resulted in the emergence of a new debate, but the question still remains, are electric vehicles going to stay?
With more nations starting to take the new turn by shifting from fossil fuel to other alternative resources like hydroelectric, solar and wind, this recent trend is possibly going to influence the automotive market throughout the world.
Previously when it was just a concept, consumers were still doubtful about its power. However, Tesla has certainly led the EV movement after their launch of Model S which has altered the perception about electric cars and also their capability to become the feasible alternatives of the vehicles powered by gasoline. Presently, some of the leaders of the automotive industry like Ford, Chevy, Nissan, Toyota, and also BMW have started manufacturing their own slot of electric vehicles. This has again resulted in opening a wider market and triggering the rise in the automotive business.
But still, there is a huge difference in the use of the Electric Vehicle throughout the world. So today we will take a quick look at how the electric vehicle has been adopted in different nations across the globe.
Scandinavia:
As per the reports generated by Auto Wow, the five nations that are on top of the list when it comes to electric vehicle usage are Scandinavia. Combining the three major names Sweden, Iceland, and Norway makes more than three-quarters of overall global use of the electric vehicles. From these three, surprisingly Norway has taken up a major share of 49% of the total global market. However, after watching such a huge transition, the Norwegian government aims to transform most of its vehicles into the electric vehicle in the nation by the end of 2025. The only way they have thought of succeeding the goal is by imposing a high tax on fossil fuels.
Netherlands and Sweden take the third and fourth place. Since these are located close to Norway, being in the third and fourth place is nowhere a surprise. Another notable fact is that Iceland is in second place taking almost 19% of the share whereas Finland and other Scandinavian countries rank seventh sharing a total of 4.2% of the market share.
China:
With more than a population of 1.5 billion, China has an incredibly huge range of vehicles running on roads. With the growth in the economy and population of China which again continues to grow, it is very clear that the numbers of cars are likely to increase. When the entire globe is concerned about the impact of some nations like India, Brazil, and China on the world due to the carbon emission made by them, Electric Vehicle is making a huge buzz in the market.
No doubt that plenty of things need to be done when it comes to controlling the population China shares a huge 8th position in the market when it comes to electric vehicles, which is 4.2% of the global share. This is undeniably a great step towards the right way.
United States:
When it comes to adopting the electric vehicle trend, the U.S.A is in the fifteenth position. Canada is on the 13th position when it comes to adopting the electric vehicle. No doubt being the birthplace of automotive, the United States has a strong connection between cars and their consumers.
We all know that Americans are mostly in love with the SUVs and trucks that run with gas; however, this has drastically changed in the last few years. Things have changed a lot. The rise in the price of fossil fuels along with a drastic shift in the climate has resulted in bringing a huge variety of EV cars and models. This again has increased the need for setting the charging stations to refill the cars. Tesla after founding their first EV cars probably the need for charging stations has increased at a dramatic rate.
Whilst the other manufacturers are not able to match the pace when it comes to rolling out the electric vehicles, Chevy and Ford are at their ultimate force to roll out the truck by 2022. This is great to make the world comprehend the need for electric vehicles. This is again a big way to demonstrate that Americans are willing to shift to electric cars and would love to drive trucks that run on electricity.
And lastly, coming to the expansion of EV charging in the US, it is growing gradually. Whilst rural and interstate areas are slower at adopting the EV stations, the US is taking it fast to find the different ways of finding the EV charging solutions. This is because of the growth of the use of EV.
EU has increased the number of EV use:
The rise in the EV has resulted in the EU to implement several crucial policies regarding electric vehicles, which includes “Clean Vehicles Directive” offering taxpayer funds to develop the US electric bus fleets. In a similar manner, the new buildings need to meet the requirements of the EV charging stations. This again makes it pretty normal to understand that several EU countries ranking in the global shares for EV.
What should be the next step for the world?
As we can see that the electric vehicle is being adopted at a huge rate throughout the world, the very next need comes to developing the charging stations. With some of the renowned automotive manufacturers like Tesla joining the hands, it can be expected to find a steep increase in the competition and consumers are most likely to choose EV to lower the cost at a significant level. Besides, advancement in technology like producing batteries at low cost will be passed to the consumers. The response of the public sector keeping into consideration the policies like taxes of fossil fuels, it clearly shows that the trend is here to stay. This again brings the need for the governments to take immediate steps in setting the EV charging stations.
India – not being in the market at its full pace, but willing to become a part of this trend to decrease the use of fossil fuels. Currently, the Indian market is not fully aware of the electric vehicle and its contribution to the climatic factors. However, to improve the growth EV charging stations are being set up in different parts of the nation. EV Plugin Charge is one such name, who can definitely help people in setting up the EV charging stations or rent the EV chargers.
Supporting EV cars is a step ahead to maintain the balance of the atmosphere and stop the harm of carbon emission. Holding hands together to follow this trend can become a great step for the globe.
Post time: Jan-07-2021