The Impact of Electric Cars on The Auto Industry: A Look at the Future of Transportation

Eco-friendly transportation is today rapidly gaining ground thanks to the evolving technology behind electric vehicles. Therefore, You may wonder what this electrification means and what is in store for the automotive industry. 

It is no longer a secret that electric cars are the future of transportation. That said, here is how the automotive battery technology and charging infrastructure will impact the auto industry in the coming years. 

History of Electric Vehicles

Did you know that the thought of introducing electric vehicles in the automotive industry dates back over one hundred years? The 19th century saw numerous experiments with EVs take place. General Motors launched the EV1 in the late 20th century. In addition, Toyota Prius became the first hybrid vehicle to go through mass production. 

The Ongoing Transformation to Electric Passenger Cars

The Covid-19 pandemic in 2020 caused a worldwide economic crisis. However, the planet benefited significantly because EV sales and penetration in major markets were accelerated during this period. 

Europe, for example, a continent that spearheaded the passenger EV adoption and development that reached 8% in 2020, has helped solve part of the climate change problem. Stricter greenhouse gas emissions targets for OEMs and other policy mandates like generous consumer subsidies have helped shape the zero-emission campaign in Europe. 

Eco-Friendly Savings on Greenhouse Gas Emissions

A recent American study forecasts that India will benefit from the shift to electric vehicle sales by saving approximately one Giga tonne of CO2 emissions by 2030. From India to Canada, Europe, and the Chinese government, the world is working with EV automakers to fight global warming resulting from the use of fossil fuels. That’s primarily because a traditional internal combustion engine emits more pollutants and greenhouse gas emissions than an electric car.  

Better EV Batteries

Many manufacturers of new cars agree that battery range is among the most significant limitations electric vehicles face today. But the good news is that researchers in California, China, and other parts of the globe are relooking into lithium technology to develop better EV batteries. And this brings us to the next point. 

More Chargers

Undoubtedly, the number of EV charging stations will increase with the number of electric cars on the road growing. Automakers like Tesla could also develop wireless charging technology that could eliminate the need for physical chargers. 

Reduced Dependence on Oil

Electric cars will reduce human dependence on oil, thanks to electricity use as a fuel source. While this reduced dependence on the oil fuel cell technology brings environmental sustainability, it also reduces our vulnerability to disruptions of the supply chains and price fluctuations. 

Although the electric car revolution has been slow to take off, various governments in Europe, China, Canada, etc., have shown interest in providing incentives to consumers. Therefore, we urge you to leverage such incentives and see what the EV market offers. At DriveNation in Saskatchewan, our automotive experts are ready to work with you and improve your EV purchasing experience. 

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