Time： 2022-05-06 00:00:00
What are the advantages of electric cars?
EVs are now a viable, everyday mode of transport, offering many benefits to individuals and businesses alike.
Electric vehicles have many benefits, including:
The low operation cost for charging an electric car, which is more cost-efficient compared to filling up a fuel car. Statistics show that using an electric car instead of a fuel car can save a lot of money, accumulating to almost $632 per annum. For this reason, more people are compelled to buy Electric Vehicles, hence boosting the demand for electric vehicle charging stations.
2. Environmental Friendly
Electric cars also have zero percentage carbon emissions. This is a great advantage compared to fuel vehicles, which, as stated by the Environmental Protection Agency (EPA), emit approximately 4.6 metric tons of CO2 yearly for every 22-miles/gallon. Moreover, if reusable energy powers the electric vehicle, the carbon footprint will decrease even further.
Contrary to the belief that the manufacture of batteries incurs a considerable carbon cost, electric cars generally generate insignificant amounts of carbon dioxide. This propels most governments to be supportive of the production of new EVs and EV charging stations.
3. Convenient Charging stations
Home charging stations are considered by many as very convenient since they eliminate the need to go to the gas station every day. They are also compatible with the owner’s vehicle and provide a chance of charging overnight while the car is parked in the garage. An increasing number of people find this to be advantageous and therefore shift to EVs.
4. Power Efficient
Electric Vehicles utilize the power that they produce more efficiently compared to fuel-powered vehicles. Here, the portion of power applied in propelling the car determines efficiency. For gas-powered vehicles, only 15% of the power produced is applied in propelling the car. On the other hand, Electric vehicles can produce 70% efficiency, saving a lot of energy.
5. Government Policies
Government policies play a huge role in the booming of the EV industry. In the Asia-Pacific region, the EV charging station market is anticipated to expand at a 34.5% compound annual growth rate by 2026 with an income of $5,762.6 million. Within Asian countries, Subsidies from the government for Electric Vehicle programs are among the compelling elements supporting the EV charging station market.
The Indian government intends to construct about 5,000 Electric Vehicle charging piles. Several initiatives by various Asian governments, e.g., Korea, China, Japan, etc., are yet key elements for expanding the international charging station market.
Furthermore, financial and non-financial motives and government grants have been instrumental in the diverse establishment of the Electric Vehicle ecosystem. This will ultimately expand the Asian economy.
In the United States of America, the states with the greatest rank of charging piles are Washington DC, Hawaii, Vermont, Colorado, and California.