Do you have any thoughts on where the electric car industry is headed? Do you think the coal and oil business will perish in the not-too-distant coming years? According to a study conducted, the electric vehicle has enormous untapped potential. In terms of sales and overall market share, electric cars may still have a long way to go before they can replace conventional petroleum vehicles, but there are signs of hope. Here are some reasons why the world is not ready for electric cars yet.
To put it simply, we aren’t equipped with the technology needed. Although Electric vehicle technology has made great strides in the past decade, there is a long way to go. The most significant issue that gets people worried is that electric cars’ distances remain significantly lower than petroleum vehicles. However, it is anticipated that this will be less of an issue as battery technology progresses. The lack of widespread recharging stations is yet another problem with electric cars. To address this problem, Tesla installed a system of free, high-capacity charging stations in major cities across the United States and Europe. On the other hand, this may force other electric car manufacturers to reevaluate their approaches to building infrastructure for their customers.
Lastly and the biggest issue with electric cars is their price. The latest version of the Nissan leaf is more than 32,000, which costs twice that of the average petroleum car.
The primary reason the world isn’t ready for electric cars is that they require frequent charging. Only a certain number of miles can be traveled from a fully charged battery. Additionally, this number of miles is significantly less when considering conventional cars. Not having access to a charging station can be a huge hassle, especially when you are in an emergency. Additionally, charging an electric vehicle can be time-consuming and will not help in saving time. Despite all the efforts, electric charging stations are not yet as common as they should be and may not be available when you require them. While electric vehicles may be cost-effective in the longer – term, they currently demand more preparation and attention than gas-powered cars.
Availability of Infrastructure
The widespread adoption of electric vehicles will need substantial investments in new infrastructure. In order to keep up with the surge in demand, the power system will have to be modernized, and battery chargers will be required to be placed throughout. Technology must be further improved so electric cars can travel more miles on one charge. The conditions and circumstances are not favorable for electric cars at present; with a few adjustments, it might not be the same in the future. Moreover, governments must allocate funds for infrastructure development and make these necessities available.
Lack of demand
Although there is demand for electric cars compared to traditional cars is comparatively low. The main reason is high prices. Even though purchasing an electric car looks like a greener, sustainable option, the cost can be a demand hindering factor. Another possible reason for the low level of demand is that there are other, less expensive alternatives, such as gasoline-powered vehicles. Another essential factor that contributes to lower customer demand for electric automobiles is the lack of available purchase choices for consumers. Last but not least, the majority of people just do not have sufficient knowledge about electric cars to make the transition. These aspects will shift with time and with the introduction of new technologies.
The negative image of electric cars
Nevertheless, a significant awareness is being directed at electric cars, and they are becoming more popular, but acceptance of these vehicles is still quite subtle. This is very natural for any new invention. Part of the reason for this is that the public has a lot of worries and distrusts electric car capabilities. As a matter of fact, there are still plenty of individuals who think EVs can’t compete with gas-powered vehicles. Most people have journey anxiety, where they are concerned that they will not be able to reach their destination due to a lack of charging infrastructure.
Risk of catching fire
Electric vehicles utilize the very same lithium-ion battery technology as portable electronic devices. Despite the fact that any battery-operated gadget carries the risk of catching fire, do we really give any thought to it? However, there have been a few incidents reported where electric cars caught fire. As per research, lithium-ion batteries combined with the heat generated while driving can cause a fire.
Very little availability of spare parts and cars
Not every automobile shop carries the necessary parts for electric cars, and not all car dealers sell electric cars. Certain models of electric cars are only available in certain countries. Even though electric cars are slightly becoming popular among dealers, they still are relevant to sell in fear of after-sales services.
No widespread service centers
There is no widespread service center network to repair electric cars like petroleum vehicles. Not all repair centers can service electric cars. It requires specialized people and specialized pieces of equipment. The lack of mechanics who knows the job and the high price of specialized equipment are the two main reason for the lack of service centers.
Pricey electricity bill
The price of electricity can be more costly than petroleum. Charging an electric car can add up to a huge sum as you don’t pay for it when you charge. In some countries, the price of electricity is 50% higher than the price of petroleum.
Lack of cargo space
Due to the significantly ample battery space, most electric cars have limited storage space in the vehicle. To power the journey, electric cars require a significant amount of battery batteries. Therefore, the storage capacity is limited in electrics than in petroleum-powered cars. Although car manufacturers are doing modifications, the technology is not there yet.
Most electric cars have a lower speed limit to maximize energy consumption. Most electric cars can rise up to the speed of 80mph. That range is considerably low when compared to conventional vehicles. Car manufacturers carry out research continues to improve this, but it will take some time for drivers to race with other cars.
No powerful marketing
Even though electric cars are game-changing products that have vast potential, people don’t buy them due lack of awareness. Marketing is a tool that can help products to create awareness, but no car manufacturer has focused on this yet. Highlighting positive effects and positive environmental impacts can take electric cars a long way.
Most countries consider electric cars a luxury item, and governments impose high taxes. Countries like Sri Lanka set a considerable amount of taxes. Although most governments are now changing policies to reduce taxes due to the positive environmental effect, it has its not there yet.
All in all, above mentioned are the reasons why the world is not ready for electric cars just yet. But there is hope for the future since car manufacturers are doing more research on making electric cars better every day. There’s hope for the future. Comment down below. Will you buy an electric car as your next road companion?