10 Facts about electric cars

10 Facts about electric cars

Facts about electric cars - Electric cars are one of the hottest subjects in the automotive business right now. Plug-in car adoption is at an all-time high and is expected to skyrocket in the next years. Indeed, official records reveal that electric vehicles are to be named for the continuous performance amount of new car registrations.

Instead of a gas-powered combustion engine, an electric car is propelled by an electric motor. The battery of an electric vehicle can be charged at home or at an EV charging station.

EV Charging stations are being setup rapidly worldwide by many start-ups and manufacturers by itself to provide ease to its buyers. More availability if charging stations will only attract the more EV buyers.

The International Energy Agency predicts that 145 million electric vehicles could be on the road over the next decade compared to 10 million today. Our experts at Bankrate created a guide that provides readers with a thorough understanding of the EV industry and its investment potential. It includes information about electric vehicles, why they could make a great investment, and the best EV ETFs you can buy.

Investing in any EV start-ups or starting your own EV manufacturing company will be a best ever investment decisions of all time.

Features

EVs are gaining importance due to a number of major advancements. Batteries are now reaching the extraordinary price of $100 per kilowatt-hour (kWh). Batteries cost more than $1,100 per kWh ten years ago. The car has grown more affordable to the masses, despite the fact that the battery is the most expensive component of an electric vehicle.

There are almost 10 million electric vehicles on the road today. March sales of all sorts of electric automobiles hit records, according to the Bureau of Transportation. The all-time high of 122,016 electric vehicles sold increased the EV market share to 7.6%:

  • Hybrid-Electric Vehicles (HEVs): 75,959
  • Battery Electric Vehicles (BEVs): 33,370
  • Plug-In Hybrid-Electric Vehicles (PHEVs): 12,687

How do electric cars function?

EV drivers, on the other hand, may notice various differences between them and gas-powered vehicles, such as:

Quiet start: Many passers-by are shocked and claim they did not hear an EV arriving, and first-time owners say they arent always sure if their car is turned on.

Slow acceleration: Some hybrid EVs are built to coast and accelerate slowly, which takes some getting accustomed to. Electric plug-ins, such as Tesla and Porsche EVs, are, on the other hand, lightning-fast.

Decreased speed: EVs often use regenerative braking to recharge their batteries. When you take your foot off the accelerator, the car may slow down substantially more than a typical vehicle.

Extra Space: Pure EVs dont have a combustible engine, therefore they have more trunk or funk room. As a result, the front hood is empty and is used as a front trunk in several variants.

10 amazing facts about electric cars

facts about electric cars
facts about electric cars

However, although we hear about electric vehicles almost every day, there is a lot we dont actually know about them. ere are the 10 facts about electric cars -

  • The very first electric vehicle was invented in 1832 by a Scottish inventor Mr. Robert Anderson.
  • Only 15% of the energy in a gasoline-powered vehicles battery is transferred directly to powering the automobile, whereas in an electric vehicles battery, 80% of the energy is sent directly to powering the automobile.
  • Many electric vehicle owners charge their vehicles overnight at home; however, there are over 15,000 public charging stations in and around the United States.
  • Each year, gasoline automobiles cost $37 billion in health and environmental expenses. By 2050, if electric vehicles account for 65 percent of all automobiles in just ten states, those costs will have decreased by $21 billion.
  • Electric vehicle sales in China increased by 85 percent over the last year. China is home to over half of the worlds electric vehicles.
  • A Tesla Roadster accelerates from 0 to 60 in 1.9 seconds, which is faster than most sports vehicles. A Ferrari or Lamborghini, by comparison, goes from 0 to 62 mph in 2.8 to 2.9 seconds. (Photo courtesy of Tesla and Auto Express)
  • Almost all EV owners said they would buy or lease another one.
  • Electric vehicles are more efficient. The vehicle is powered by up to 80% of the battery energy, compared to 14 to 26% of the energy from a gasoline-powered car.
  • Only 5% of EV owners have run out of charge, despite the fact that 57 percent of buyers are concerned about running out of charge.
  • By switching to an electric vehicle, you can cut your carbon footprint by up to 50%.

Types of electric vehicles

Types of EVs
Types of EVs (Source: nspower)

There are three types of electric vehicles:

  • HEVs (Hybrid-Electric Vehicles): combines a gas engine with one (or more) electric motors. An HEV does not require electricity to operate; instead, it harvests energy through regenerative braking. One of the most well-known HEVs is the Toyota Prius.
  • Plug-In Hybrid-Electric Vehicles (PHEVs): A PHEV is similar to an HEV, with the exception that it may be charged by plugging it in.
  • BEVs (Battery Electric Vehicles): These vehicles must be recharged by plugging them in Teslas electric vehicles, also known as all-electric cars.

The most popular manufacturer of electric vehicles is

  • Tesla (Model 3 and Model X)
  • Toyota (Prius PHEV)
  • Chevrolet (Bolt)
  • Nissan (Leaf)

Benefits of using an electric car

Cost Saving: Gas vehicles waste the majority of the energy they generate. An electric car, on the other hand, can use up to 80% of the energy stored in a battery.

Reduced Maintenance: EVs have no engine, thus they dont need to be serviced or have their oil changed. In the case of pure-electric vehicles, braking is reduced to a minimum thanks to regenerative braking, which slows the car down automatically when you take your foot off the accelerator.

Green Environment: EVs have a lower environmental impact because they do not release pollutants from their tailpipes and consume less (or no) gasoline.

Certain demerits of electric car

Cost: Although EVs are becoming more affordable, they are still 10 to 40% more expensive to purchase than a gasoline-powered vehicle.

Range: Electric vehicles, according to Energy.gov, can only drive 100 to 300 miles on a single charge, depending on the type.

Charging: Charging an EV takes far longer than filling up a car with gas. It could take 45 minutes to an hour to fully charge a Tesla at a Supercharger. Charging at home might take up to 11.5 hours on average, resulting in a very high electric cost.

Conclusion:

The automobile business is continuously evolving, with the most recent alternative-energy vehicles nurturing technology that appears to be light years ahead of that of a conventional vehicle. Extended ranges and an expanding network of high-speed EV chargers enable electric-car drivers to travel further, alleviating one of the greatest consumer concerns. There will also be a wireless charging option available soon.