What is an Electric vehicle?
An electric vehicle runs on an electric motor instead of an internal combustion engine that produces electricity by burning fuel and gas. As a result, the car is seen as a potential substitute for the existing generation of vehicles to fix issues like rising emissions, global warming, the loss of natural resources, etc.
While the idea of electric cars has been around for a long time, it has gained significant attention in the last decade due to the increasing carbon footprint and other environmental impacts of fuel-based vehicles.
Main components of an all-electric car
1. Battery (all-electric auxiliary)
2. Charge Port
3. Converter DC/DC
4. Electric traction motor
5. Onboard charger
6. Power electronics Controller
7. Thermal system: (cooling)
8. Traction Battery Pack
9. Transmission (electric)
The electric car demand hit $39.8 billion in 2018 and almost $1.5 trillion by 2025. A total of 97 million cars are projected to be delivered worldwide by 2025. Electric car trends are rapidly changing through modern developments.
How are Electric Vehicles making the difference?
- Electric cars are at least partly powered by electricity.
Electric vehicles fall into three major categories:
Battery electric vehicles are powered by electricity stored in a battery pack.
Plug-in hybrids pair a petrol or diesel generator with an electric motor and a massive rechargeable battery.
Fuel Cell Vehicles break electrons from hydrogen molecules to generate electricity to power the engine.
Now it’s more than just commuter cars—in foreign countries, you might find yourself on a quiet, zipping electric transit bus. Angelenos will greet the first electric fire truck in 2021—and in the coming years, electric trash trucks will drive gently through the communities to pick up the waste and recycle. More electric trucks will carry packages from the factories and warehouses to homes, air pollution-free.
- Best for the Climate
Many individuals want to drive an electric car purely because they are ideally tailored to the climate rather than alternatives. These vehicles do not have an exhaust system, ensuring that they do not emit emissions like other cars. Vehicles fuelled by gas are significant contributors to the build-up of greenhouse gasses in the Earth’s atmosphere. As such, buying an electric vehicle helps to make the air safer and the world safe.
- Electric vehicles are better for the atmosphere over their entire lifespan.
In the production process, electric vehicles would create more carbon warming emissions than the typical fuel vehicle, so massive lithium-ion batteries for electric cars take many resources and energy to build. (For example, the production of a mid-sized electric car with an 84-mile range is 15 percent higher emissions.)
But once cars get on the track, it’s a whole new energy story.
Electric vehicles will make up for their higher production emissions within at most 18 months of driving—and will continue to outperform fossil cars until the end of their lives.
The typical electric vehicle on the road today has the same greenhouse gas emissions as the 88-mile car per gallon— which is far greater than the average new gasoline-powered car (31 mpg) or truck (21 mpg), according to an analysis by the Union of Concerned Scientists.
- The Lowest Cost Maintenance
There’s a lot of upkeep in a gasoline-powered engine. It begins with shifts in crude, and it’s just moving on from there. Electric vehicles do not have oil and do not need servicing or other gas engine activities. There is no need for anything similar to the combustion engine in a conventional vehicle in an electric car. In comparison, electric car brakes appear to last longer. This further adds to the cost savings of using a hybrid car rather than one that uses petrol. It all starts to add up when you start worrying about it.
- Electricity is less expensive than petrol
When you break it all down, the average American pays about 15 cents a mile to drive a gas-powered car. This may sound not very important, but it shifts when you look at the expense of owning an electric vehicle. Instead of 15 cents a mile, many hybrid cars cost five cents a mile because power is much less costly than petrol.
Many people can still charge their vehicles in the garage, ensuring that adding a few solar panels will slash the price much more while providing savings on charging your entire house.
- Electric cars tend to be silent
Anyone who works in a crowded street environment can testify how noisy the cars can be during rush hour. Even smaller engines may cause noise. Electric vehicles, on the other hand, are almost silent.
These vehicles can be so silent that some U.S. politicians have proposed that these cars have noise-devices mounted to ensure pedestrians know that a car is behind them.
Top EV manufacturers and their plans for the future:
According to Reuters, Toyota—whose automobiles currently account for more than 80 percent of the global electric vehicle sector—announced aims to produce half of its sales of electrified vehicles by 2025, five years earlier than previously expected. While Toyota already has its battery-powered operation, it will work with Chinese battery manufacturers to satisfy demand.
- Volkswagen Group
Last year, Volkswagen said it would invest more than $30 billion in developing EVs by 2023. The manufacturer is also planning for EVs to make up 40% of its global fleet by 2030. Not to note, Volkswagen intends to meet its goal of 1 million electric cars built by the end of 2023, two years faster than its previous projections.
- General Motors
In 2019, General Motors said that Cadillac would be the leading brand in electric vehicles. Cadillac’s president noted that the bulk of the brand’s models would be hybrid by 2030, leaving open the prospect that the line-up would be fully electric by then. He also reported that Cadillac would carry out a large Escalade-like electric SUV, scheduled to start production in late 2030.
Last year, Ford introduced the Mustang Mach-E, a hybrid crossover modeled after its classic sports car. But it wasn’t the only EV Ford that had plans for it. In 2018, Ford’s CEO said an expanded investment in electric car projects would result in a 2022 product line-up of 40 electric and electrified cars.
In 2019, Ford Europe confirmed that it would offer an electrified option for all of its upcoming nameplates and revealed at the Detroit Auto Show that a fully electric F-150 would be introduced in the coming years. Blue Oval has already shown a line-up of 17 hybrids and EVs—both family haulers and freight vehicles—to launch plans on the European market by 2024.
Last year, Volvo launched its first electric car, the XC40 Recharge, scheduled to be sold in the United States in the last quarter of 2020. The brand has doubled its ambition to produce 50% of its global sales of EVs by 2025 and pledged to reduce the overall carbon footprint of each vehicle produced by 40% by the same year.
Plus, Volvo said it would deliver a new EV every year for the next five years. This is also part of the Swedish company’s initiative to become fully climate stable by 2040.
Honda launched the Honda E city car in 2019 and said that every model it sells in Europe would be at least partly electrified by 2022. It’s a big jump from Honda’s earlier estimates of a complete line-up of electrified vehicles before 2025. The fully EV Honda E and hybrid Jazz, recognized as Fit for US customers, will launch the initiative.
- BMW Group
In 2017, the BMW Group predicted that electrified vehicles—a concept not inherently comparable to fully electric cars—would account for 15 to 25 percent of its revenue by 2025.
Working towards this projection, the BMW Group launched the electric Mini Cooper SE last year, aiming for “urban mobility.” In June, the Bavarian brand revealed that it would sell 25 electrified vehicles by 2023, two years earlier than initially expected. One of these upcoming models—the electric variant of the 1 Series hatchback—may launch as early as 2021.
BMW is now targeting a double spike in electrified cars’ shipments by 2021 compared to 2019 and a 30 percent increase in sales over the year to 2025.
Last year, Nissan unveiled the Leaf Plus with a more extended range and planned to release eight new electric cars by 2022.
At the Tokyo Motor Show last year, the company launched the prototype version of the latest Ariya EV, and Car and Driver announced late last year that a production version could make it to the US by 2021.
Nissan says that the high-performance crossover will cover 300 miles on a single charge and run from 0 to 60 mph in less than five seconds.
- Fiat Chrysler Automobile
In 2018, Fiat Chrysler announced that it would spend $10.5 billion on electrification by 2022. By that year, FCA plans to sell at least 12 hybrid and all-electric powertrain options and launch more than 30 electrified nameplates. As part of this initiative, the company revealed a $4.5 billion investment in new and existing plants last year that will allow it to manufacture at least four Jeep hybrid plug-in models.
FCA started to make good on that pledge by showcasing plug-in hybrid models of Compass, Renegade, and Wrangler at the Consumer Electronics Show earlier this month.
In 2017, Daimler, the parent company of Mercedes-Benz, announced plans to plunge more than $11 billion into the production of its EQ range of electric vehicles, to launch more than 10 Electric Vehicles before 2022. It also plans to offer at least one electric option for each Mercedes-Benz model line. Daimler announced last year that the all-electric G-Wagen is in the works.