The Vehicle Industry has revolutionized in the past decade with the introduction of Electric Vehicles (EV) that operate on electricity. Globally, nations are currently shifting to cleaner energy to minimize the emission of greenhouse gases. Therefore, the majority of clients became knowledgeable about the effect of greenhouse emission, and the environmentalist provided a solution to using public transport instead of private cars. The challenge necessitated the vehicle industry to produce vehicles that use clean energy to meet the societal climatic demands hence innovated EVs that run on electricity stored in batteries. Analyst predicts that by the end of 2030, several nations will have shifted from using fossil fuel to EVs.
The first essential benefit of using EVs is the reduced levels of carbon dioxide and other toxic gases. When fossil fuel is used, the combustion process yields to carbon dioxide and harmful gases like NOx, which are ozone pollutants. However, electric cars have zero-emission since they incorporate batteries that run the conventional engine. Consequently, using EVs is an act of environmental conservation; thus, several environmental organization has campaigned for the manufacture of more EV to reduce carbon emission by diesel or petrol cars.
Secondly, the cost of driving an electric car for a hundred miles is cheaper compared to petrol or diesel vehicles. The Energy Saving Trust (EST) noted that the cost of operating an EV in a hundred miles ranges from £4 to £6 while in petrol or diesel cars ranges from £13 to £16. Thus, using an electric car is three times cheaper compared to petrol or diesel cars. Although the initial price of buying EV is higher than petrol cars, the cost of maintenance is more affordable. Maintenance parts of EV are more durable and composed of less mechanical portions. EVs are the next generation vehicles convenient for the market and economy.
Lastly, the extra taxes posed on emission cars and congestion charges dubbed as ULEZ faces exception in EVs. If a client operates a fully electric vehicle, then the tax charges are exempted due to zero-emission of EV. Consequently, other places offer cheaper or free parking for electric cars. As the EVs become more popular, the insurance cost is progressively reducing. Likewise, the insurance policy covers recovery of battery if the lifecycle undergoes depletion, optional hiring of EV if the current one is non-operational, and coverage on batteries, home charger, and cables necessary for operation. Therefore, a shift from petrol or diesel cars to EVs essential for the automotive industries around the globe.