Long winding road ahead for electric cars before they are widely used
Currently, electric mobility is growing rapidly all throughout the world. However, it will still take some time for e-cars to go mainstream. At present, there are greater than 5.1 million functional electric cars in the world. Out of these, Europe, the U.S. and China witnessed a sale of approximately 2 million cars last year. The aim of the International Agency of Energy is to attain a 30% increase in the market share of vehicles operating on electricity by 2030.
When it comes to electric cars, Tesla from the U.S., BYD and Beijing Electric Vehicles from China and Nissan from Japan produced the maximum number of cars. Together, they produced nearly 560,000 fully electric vehicles in the world. However, this does not account for even 1% of the total number of vehicles in operation at present. According to data from BloombergNEF computed for 2019 Outlook of Electric Vehicle, the total count of vehicles in motion today is one billion.
Today, an increasing amount of importance is being placed on the reduction of carbon emissions. As a result, many countries have come up with incentives for building integrated infrastructure. This, in turn, is expected to encourage drivers into using electric vehicles instead of regular ones.
For example, Norway provides tax exemptions to those who buy electric cars. As a result, nearly 46% of the country’s automobiles are electric. Similarly, China’s Shenzhen is a city that has an entire fleet of completely electric buses. Countries like India and the U.S. have already come up with targets to help themselves achieve the vision of a vehicle industry without any carbon emission. According to Subodh Mhaisalkar, the city is willing to come up with the infrastructure of charging for the countries committed to the betterment of the environment. Mhaisalkar is the executive director at the Institute of Energy Research in Singapore’s Nanyang University of Technology.