The Explosive 360 Turnaround of Electric Car Growth

 

In the past, customers didn’t have many choices with the electric vehicle, but the popularity of these cars has been slowly rising. What has contributed to its popularity? First, low operational costs, strong policy support from the government and a rising commitment from the major manufacturers have all contributed to this growth. In the United States alone, electric vehicle sales have risen 32 percent annually from 2012 to 2016. Meanwhile, it shot up 45 percent over June 2017.

Based on those advantages, we could expect the electric vehicle market share to increase within the United States. The question is how far can they get by 2050? With all the external factors in support, we could see big changes coming. In fact, through analyzing numerous scenarios, over 65 percent of the cars will be electric by 2050. However, that number could reach as high as 75 percent by 2050 if oil prices continue to rise.

Electric Vehicles: The Fast Track for Growth

Between 2019 and 2020, we can expect more than a dozen electric vehicles to hit the market with a lot of value to customers. Even if only half of these cars end up mass produced, it will still have a gigantic implication for growth in the market because it’s not likely to slow down. Even for 2018, we’re seeing excellent vehicles like the upcoming Audi e-ton quattro, an all-electric sport-class SUV with exciting electro mobility. We also have the 2018 Nissan Leaf coming. This is one of the most affordable choices, and you have a range of 200 miles or more. The Leaf will also offer the limited self-driving technology. At one point, it almost looked like the electric car would die out because of limited commercialization. In countries like Norway, electric cars have already hit a record 42 percent of the new car sales in the country.

Skyrocketing Popularity for the Future

Considering five years ago, electric vehicles were non-existent, the fact that they have skyrocketed to two million in 2016 shows the level of growth we have had. As of right now, based on a report from the IEA, China has led the market with the largest share, and they account for as much as 40 percent of the electric cars sold on a global scale. That’s more than double what the United States has.

The Electric Vehicle Initiative, a government program from multiple countries, set a goal to raise the market share to 30 percent for battery-powered vehicles by 2030. You have 10 governments participating in this initiative, and they include Germany, France, the United Kingdom, China and the United States. While India didn’t join this group, they still expressed interest in it, and they said they want to exclusively sell electric vehicles at the end of the decade. This initiative could tackle many of the air pollution problems found in all the world’s countries.

How to Weld on Vehicles

If you want to do welding on a vehicle, visit Lincoln Electric ┬áto get the equipment needed. Before you start welding on an electric vehicle, however, be sure to disconnect the batteries. This keeps it from frying the computer. Especially when you can easily disconnect the ECM or the ECU, what’s the harm in not taking the risk?

Tesla, an electric vehicle company, has been the vanguard of this movement to help make electric cars hip and trendy. They have pushed into the mass market with their new Model 3 sedan. What we might see in the future is an exciting thing to imagine. Electric vehicles still only represent 0.2 percent of the light-duty vehicles on the market, but we have seen such an explosion of interest in them that this could soon change.