Everyone is aware of the rising pollution levels across the world. A major contributor to air pollution is our usage of petrol/ diesel vehicles. To counter this concern, Electric Vehicles adoption seems to be the answer and a lot is being said and done in the EV space. In this article, we will discuss the factors that are aiding the adoption of electric vehicles.
Prices of EVs will continue to come down
Today, the cost of EVs is quite high compared to their Petrol/ Diesel counterparts. However, a lot of things are being done to bring these costs down. Some of them are:
- Improvements in battery technology
- Government policies supporting battery and other EV components development
- Increase in production capacity of battery manufacturers
These factors will help bring down the cost of EVs in the near future.
Also read: Will electric vehicles be cheaper in future?
Electric Vehicle adoption in heavier vehicles
The heavy vehicles industry is also working towards electrification. Volvo is working on developing a range of fully electric trucks. We have already started seeing the adoption of Electric buses in several cities. Advancements in this field will continue.
Zero Emission Policies
As discussed about the environmental concerns, quite a few cities will come up with policies like allowing only Zero-Emission Vehicles in the city limits. The possibility of this happening is far-sighted but such restrictions will encourage people to transition to Electric Vehicles.
Increase in Public Charging stations
Today, the number of public charging stations is inadequate and inhibiting the widespread adoption of EVs. However, we are seeing a number of policies being introduced to develop the charging station infrastructure.
We are seeing innovations like Ultra-fast chargers, battery swapping stations and developments in wireless charging. These innovations and the increase in the number of public charging stations will definitely encourage EV adoption.
Higher adoption of electric vehicles in shared mobility services
In one of our previous articles, we discussed how the day to day cost of running an EV is lower than a petrol/ diesel vehicle. Once we have better-charging infrastructure in cities, we will see shared mobility services like Uber and Ola move towards Electric vehicles.
To conclude, there are a lot of factors that are aiding the adoption of EVs. Here’s hoping for a better and greener future!
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