Electric vehicles will be the future of the automotive industry. Most automakers have started working on better EV designs. Even Rivian and Lucid Motors are some new names added to the electric car manufacturing world. But, will EVs replace gas-powered cars in the coming years? What will be the future of these battery-operated vehicles? Predictions on the electric car’s future depend on various factors. Automotive engineers are trying to convert their models into all-electric versions.
Statistical data on the electric vehicles
Based on a prediction, 20% of new global vehicles will be electrically driven in 2025. However, in 2030, the percentage will reach almost 40. But, the report also claimed that many cars on the highway will still be diesel or petrol-driven. Another reliable source revealed that HEVs and EVs would constitute 30% of car sales by 2025. So, the sales of hybrid EVs and electric cars are on the rise.
The study also exposed that the EV battery composition would be different. The industry will grow continuously, and it will affect the price of some commodities. In the future, nickel will be a more popular material for making EV batteries. However, to design lightweight electric cars, aluminum will gain the attention of automakers.
The electric car’s future depends on multiple factors
Complex societal and economic issues will affect how fast the country will adopt EVs. Electric cars must become a top priority for automotive developers and legislators. It will lead to the replacement of gas-powered cars. So, the most powerful factors influencing the future of EVs are-
Fleet turnover
The term ‘fleet turnover’ indicates how fast the innovative EVs will replace the older cars on the road. As modern gas-powered vehicles are more advanced and reliable, it is challenging to replace those models.
Conversion efforts of automotive manufacturers
Automotive makers are struggling to convert their models to all-electric cars. However, the timeframe for the desired conversions for every automotive brand will be different. For instance, some companies may need time till 2050.
Legislation
Several countries have already passed relevant laws and banned the sale of gasoline cars. With more legal rules, more passenger vehicles on the road will be electric.
Infrastructure
It is essential to have a more improved infrastructure to launch more electric vehicles in the market. Legislators have to pass legal rules to start the project for charging infrastructure installation in the country. But, it will take several years to accomplish these goals.
Will consumers affect the future growth of the EV market?
Consumer-related issues may become an obstacle in the growth and development of the electric car market. Let us discuss those factors
The costs of the EV
The total ownership cost is comparatively lower than that of gasoline. But, the cost of buying the EVs is higher compared to standard cars. It is also costly to install a home EV charging station, replace the EV battery back, and maintain an EV.
Range anxiety
It is another factor indicating the concerns of EV owners about the longevity of the battery power. They think that if the battery is out of power, they will be left stranded on the road. The concern will be removed with the installation of more charging stations.
Driving patterns and habits
Many office workers and companies have embraced the remote working trend. That is why it will affect their car purchase decisions and driving habits. As these people do not need to drive regularly, they will not replace their existing cars. It lowers the chance of buying a new electric car.
The EV market with some new models
Some automotive brands have recently launched new EV models in the market. But, many EVs are expected to be launched in the coming years.
Acura ZDX
Acura has recently put its new electric SUV on sale. It comes with a 102.0-kWh battery pack. The dual-motor, 500-hp model has upgraded brakes. The air suspension is height-adjustable. If you pay extra, you will get an optional summer tire set.
Audi A6 e-tron
Audi has not yet released its A6 e-tron. The company wants to sell it with a gas-powered A6. The A6 e-tron will have a Premium Platform Electric-based architecture. The electric vehicle will have 2 motors that will provide an output of around 469 hp. With a single charge, the car runs almost 400 miles. Moreover, muscular contours and large wheels will make the car look athletic.
Cadillac Vistiq
Cadillac is trying to expand its range of EV models. Within a few years, it will introduce a 3-row Vistiq. The size of this new electric car will be almost like that of the gas-driven XT6. There will be a slim LED light atop the headlights. This model will have a dual motor and provide 500-hp.
Will the EV industry bring several career opportunities?
The world of electric vehicles will have an impact on the job market from a global perspective. Top-rated automakers (like Tesla and Ola Electric) are searching for automotive engineers who will research hybrid car issues.
Moreover, the EV industry is multi-disciplinary and diverse. For instance, it needs the collaborative effort of mechanical and chemical engineers for better batteries. As batteries are significant factors for EVs, automotive brands must focus on hiring these professionals.
If you like to engage with the EV industry, grow your career in different dimensions. It will help you establish yourself in the electric car industry.
Conclusion
The electric car’s future depends on multiple factors. However, many automakers have taken the initiative to design their innovative EV cars with new features. Consumer behaviors and legal rules will have an impact on the future of EVs. The newer EVs will harness renewable energy to charge their batteries. With zero-emission technologies, these cars will gain traction in the automotive industry in Canada and other countries.
