With demands for our natural resources reaching an all time high, it is encouraging to see solutions that are reducing our traditional resource dependency, and bringing hope for new industries.
When it comes to climate concerns, many people argue that getting off fossil fuels should be on the top of our priority list.
It’s not just the obvious issues of oil being a non-renewable resource, it’s the environmental cost that’s weighing on the minds of an increasing number of consumers.
These concerns, combined with rising fuel prices have shifted the consumer demand for more sustainable vehicle choices. With all the negative effects of traditional car engines, electric vehicles are now challenging the auto industry in every way.
Electric cars are no longer a dream. Tesla is said to be one of the pioneers of the electric car industry, and over the next few years, there will be several new options available to the consumer.
A wave of reliable, affordable and attractive electric cars with amazing range are already hitting the market.
Though engines that run on gas still travel further than an electric driving force, electric cars such as Chevrolet’s 2017 Bolt EV will now travel more than 200 miles on a full charge.
As battery technology continues to advance, it will make even longer distances between charges possible with EVs.
In Canada, battery electric cars are on the rise and have charged ahead of plug-in hybrids for first quarter sales in 2017. As more drivers than ever before are feeling the buzz of all electric vehicles an even larger demographic have started to consider purchasing BEVs.
Three Provinces, Quebec, Ontario and British Columbia continue to dominate EV sales across Canada totalling 95.8% of sales nationwide.
This rising trend is forcing car manufacturers to focus more of their production efforts on new electric vehicles and new hybrid models.
This month, Volvo Cars became the first mainstream automaker to announce that all the models it introduces starting in 2019 will be either hybrids or powered solely by batteries.
By 2025, Volkswagen plans to be selling 1 million electric cars per year, and will launch 30 different electric models across multiple brands in the coming years.
Mercedes-Benz also plans to launch 10 new electric models under its new EQ sub-brand by that time.
Bloomberg New Energy Finance expects electric vehicles to represent 35 percent of new car sales globally by 2040.
Greentech Media Research expects 11.4 million electric vehicles on the road in the U.S. in 2025, compared to 7.5 million in the EIA’s latest Outlook.
Countries are also stepping up to commit to a cleaner future for vehicles. France intends to ban all vehicles that run on gasoline or diesel by the year 2040.
It’s safe to say that the market for electric and hybrid vehicles is set for continued growth and this will continue to challenge automakers to commit their efforts to creating a cleaner car future.