In the last few years customer all over the world have started to develop more and more awareness about the social and environmental problem that concern our Historical period. So people have really started to gain more and more interest about new sustainable alternatives and understand that the need for a more sustainable future is closer than they could think. That’s why sustainability is becoming the main drive for the development of new products in many fields.
The speed of these changes can be seen in the automotive industry which has witnessed an exponential growth in terms of performances of both cars and batteries and in sales of electric and hybrid cars.
While a few years ago a completely electric future for mobility was just a utopia now it’s starting to look more and more like reality.
With the exponential progress that has been made in the last years and the growing interest that car manufacturing companies are showing in the development of electric cars shows us that these kinds of limits can be overcome in a not so far future
Prices are starting to drop. In many countries Governments are offering different kind of incentives to people who buy electric and hybrid cars while increasing taxes for the sales cars that have higher impact on the environment to try and accelerate this transition.
According to BloombergNEF (BNEF) the equality of prices between electric cars and Gas cars will be reached between 2025 and 2030
The main factor to keep into account are the price of batteries, that are the one that affect more the total cost of electric cars, but they have witnessed a tremendous reduction in the last years, the fact that as long as the sales of electric cars concerns a small part of the market share, the price are destined to remain quite high.
On the contrary if companies could increase the market share for electric cars, they could use more economies of scale and reduce the prices as well as offer a wider range of products for different type of customers
The BNEF research found that battery electric vehicles could reach 100% of new sales across the EU by 2035, if lawmakers introduce measures like tighter vehicle CO2 targets and strong support for charging infrastructure.
One of the reason why electric car are more environmentally friendly is the fact that electric motor are four times more efficient in transforming energy into movement so, also if the electric energy used to charge the batteries wouldn’t be coming from renewable sources it would anyway be less polluting than using gas Car moreover we also need to take into account the fact that at the end of the usage gas car engine goes demolished while batteries can have a second life and be recycled or reused
It’s obvious that in order to put into place a transition of this magnitude there would also be need for the creation of a completely new infrastructure that will allow drivers to travel for long distances without having to worry about “range anxiety” even though these days electric car have a range of autonomy that goes from 200 to 600 km. Which is quiet higher than the average daily drive of the general user (50 km) according to the The JRC-IET study that analyzed car mobility patterns derived from direct surveys in six European Union Member States (France, Germany, Italy, Poland, Spain and United Kingdom).
The time needed to make a full charge of batteries depend on the power of the charger and how much energy the car consumes but, on the average, using AC charger you could recharge as much as 100 km in an hour so it would
Together with the sector of private car also sales and delivery companies have started investing in the electric mobility business.
Amazon invested 700 Million in the American Start-up Rivian and has ordered 100 thousand electric truck to be used for deliveries It will use 10.000 electric vehicle within 2022 that will become 100000 in 2030 as it’s trying to create a fleet for the deliveries that will help the company to nullify the carbon emission within the year 2040.
It’s a transition that it’s already in place and the market will witness more and more growth as battery prices fall, energy density improves, more charging infrastructure is built, and sales spread to new markets.