4 Ways the Electric Car Market May Change
Right now, electric cars are just beginning to rise in popularity. They’ve been around for a while and you may have even entertained getting one before, but as they become more and more commonplace, the price is beginning to lower and the number of plus points are steadily rising. Take a look at the four potential changes that you might see in the electric car market over the next few years.
This is one of the bigger draws of electric cars already. Electronic vehicles, all being relatively new models, tend to have the best technological features available. This can include everything from the temperature and audio control systems to the technology of the car parts themselves.
Many electric cars have features like built-in GPS navigation and other helpful tech tools that older models of fuel-driven cars don’t have. As technology continues to improve in the future, prospective electric car owners can likely look forward to even more convenient and useful features being rolled out for their vehicles.
Another big draw for electric cars is the lack of contribution it makes to pollution. The U.S. Department of Energy points out that tailpipe emissions can cause a huge number of environmental problems all over the globe, and while it tends to be worse for vehicles that run on diesel fuel, any fuel-driven car will have some amount of emission.
This leaves a large carbon footprint on the planet and contributes to the destruction of things like the ozone layer. Additionally, it worsens air quality. The high concentration of vehicles is one of the big reasons that major cities tend to have a high rate of air pollution. Electric cars already release zero tailpipe emissions. In the future, it might be possible for even hybridized vehicles to have their emissions cut down even further, as well.
Right now, Consumer Reports says that one of the biggest downsides to owning an electric vehicle is the convenience factor. At least one survey has shown that consumers have many worries about the potential inconveniences that electric cars could pose. This includes things like repair costs, battery failure or replacement, and inconveniences regarding charge times and locations.
However, as the popularity of electric cars continues to grow, the convenience of owning one will grow as well. More charging stations will likely become available. The price of fixing a battery will also likely continue to drop.
As highlighted above, the popularity of electric vehicles will tie directly into how well it does in the future. If there is a demand for more electric vehicles, more charging stations, better technology, more availability and accessibility, then the industry will eventually provide it. The more customers they have on board, the fewer downsides there will be to owning an electric car.
While they aren’t as common as gas vehicles these days, the continued growth of electric vehicle popularity indicates that in the future, it will only continue to rise. This is
great news for you prospective electric car buyers out there; all you have to do is wait and see how fast this type of vehicle takes off in the market.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news and distribution to create an unparalleled, full digital medium and social business network spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems.