How Electric Vehicles will shape our future and its current progress to dominate the road

For the last decade, manufactures have been shifting their production line to electric-powered vehicles. Despite the Covid-19 pandemic, the increase in battery-based cars has not declined. According to Virta Global, sales of Electric vehicles have been steadily increasing: the market share increased from 9% in 2017 to almost 24% in 2021. Many companies around the globe, including the US automobile giant, General Motors, aim to switch their production from petrol-based automobiles to electric-motored vehicles by 2035.

This year, major car brands started competing in the electric car market by launching streamlined EV product lineups. Most reputable German car brands, such as Audi and Porsche, have released their “top tier” electric vehicles following the market trend. Other German brands such as Porsche have also released their first EV.

Audi, for instance, released a version of their reputable E-Tron models that is powered by a battery. The Audi E-Tron GT, priced from $99,900 MSRP, offers 3.3 seconds acceleration to 100kph and up to 97kWh battery capacity, it is designed to travel up to 405km per full charge. In comparison, the Tesla Model S has a battery rating up to 100kWh and 535km range.

 

Meanwhile, Porsche released their first-ever EV. Named the Porsche Taycan, its price starts from $82,700 MSRP. It offers 5.4 seconds acceleration to 100kph and up to 79.2kWh battery capacity, where it can travel up to 395km per full charge.

Many governments around the globe consider electric vehicles as eco-friendly options compared to traditional gasoline-powered vehicles. Therefore, these markets are subsidized by the government both to the manufactures and consumers who own EVs. Both Audi and Porsche deliver less energy efficiency; however, they were based on the base models. Upgrades or other options allow more battery capacity following with distance it can travel.

The Chinese government, for instance, imposed policies in 2009 to encourage purchases of battery-powered vehicles until 2020. After 2020, the government has switched their plans for the mandates to sell a set percentage of EV to avoid financial penalties.

America also focuses on its primary production in battery-based cars: recently, as he set goals for production EV 50% of new US vehicles by 2030, President Biden said: “I’m not saying I’m an environmentalist, but I do think about the Earth, and I do care about the future of the planet. So if it’s not too late, I’d like to be someone who’s part of the solution”.

The complete adoption of EVs in the real world still has a long way to go; but according to the World Energy Model, the current trend in the past decade suggests that EVs will be widely available in the near future.