Electric Vehicles (EV) are the future and just like things internet in the 90s, the EV market is set to grow exponentially.
According to the latest forecast by the UBS investment bank, approximately 20% of all new vehicles sold worldwide will be electric by 2025. This will double by 2030, and by 2040 every new car on the global market will be electric.
Global sales of EVs in 2020 raced forward despite the Covid pandemic, increasing by 43% to an overall of 3.2m, even though the total sales of cars drooped by a fifth.
Back home, electric cars are projected to account for about 30% of all vehicles in Australia by 2040. According to the Electric Vehicle Council of Australia, over 19,500 EVs have been sold since 2011. The sales increased in 2019 by 200%, with more than 6,700 EVs having been sold.
Please hear this—the next revolution will be electric; and this won’t be a fad or mere greenwashing…
Yes, the writing is all over the wall. It is a fact, many automakers are seen adding more EVs to their new lineups—I mean every manufacturer is working on an electric car that will soon be unveiled.
On the other hand, governments across the world are setting ambitious carbon reduction targets by banning the use of diesel and petrol cars, and this is helping fire momentum for the revolution.
But, what is sure to end the internal combustion engine is a technological revolution that is happening faster than we all ever imagined.
It’s estimated that Australia only has 2500 compared to over 800,000 public EV chargers installed in China after it installed a staggering 4000 each day in the month of December 2020.
There are three different levels of electric car recharge stations:
There are three different levels of electric car recharge stations each level having it's own set of electric vehicle charger features. These features include:
Take a look at the internet today. By our reckoning, the EVs market is progressing the same way the internet did in the late 1990s or early 2000s.
During that time, there was a huge buzz around this new thing that caused computers to talk to each other. Today, well-established Fortune 1000 companies like Amazon and Google have taken over the world and boast some mind-boggling valuations.
Electric cars are set to do the same—just that EVs feature a more venerable lineage compared to that of the internet.
But, did you know that the first electric vehicle was developed in the 1830s by a Scottish inventor Robert Anderson? Yeah, Tesla isn’t the first company to manufacturer EV. We thought you should know!
It’s only in recent years that the technology has been availed at more competitive prices. The reason is due to a curve—manufacturers call it the “learning curve”. And it seems we are already in the steep section of it.
The concept of the S curve is that the more something is made, the better we get at making it and the cheaper it becomes to manufacture it. This explains why personal computers, solar panels, diesel and petrol cars became more affordable with time.
The same thing is bound to drive down the prices of solar storage batteries, and eventually electric vehicles. We believe that as soon as EVs become cost-competitive with the conventional fossil fuel cars, the game will be up.
That’s what Tesla’s Elon Musk strongly believes. Recently the self-styled techno king told investors that the company’s Model 3 was so far the best-selling premium sedan globally, and predicted that the newer, more affordable Model Y would become the best-selling car yet.
This simply means there has been a real shift in customer perception of EVs as the demand continues to increase more rapidly. But there’s a lot to be done before EVs drive their diesel and petrol rivals off the road.
Today, there are massive improvements in the computers that control EVs, motors that drive them, their designs and most importantly their charging systems.
Which leads us to the reason for this post—EV charges.
All electric car charging installation services are available. For more information on EV chargers and cables, visit us here.
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