Are EVs Really Disrupting the Automotive Industry?

Do you have an electric vehicle (EV)? Or are you considering purchasing one? You will find that charging an EV at home is much more convenient than taking on costly fuel at gas stations.

 

Here’s how the future of electric vehicles is disrupting the automotive industry and shaking things up.

How Are EVs Disrupting the Automotive Industry?

The fight against climate change leads electric vehicles to disrupt the automotive industry. 

 

Currently, local and global government entities are bringing more incentives and regulations to push forward the move to sustainable and electric automobiles, according to McKinsey & Company.

 

For example, the Biden administration in the United States introduced an initiative to reach 50 percent of EVs among all automobiles by 2030. 

 

The European Union, on the other hand, has a “Fit for 55” program that aligns automotive transport with climate and energy policies to cut greenhouse gas emissions by 55 percent by 2030. However, these goals continue to move, and there are aims to entirely cut carbon emissions from vehicles by 2030.

 

If you’d like to see some of the top electric vehicles on the market, take a look at this video. 

What Is the Technology Behind Electric Vehicles?

Technology innovations behind electric vehicles are cutting the costs of EVs for consumers. Electric shared mobility is becoming a real opportunity compared to owning a standard, gas-powered automobile. 

 

You can view this YouTube video to learn about the technology behind electric cars.

 

Electric vehicle technology includes the induction motor, which has two parts called the stator and the rotor. The induction motor allows drivers to control the electric car’s speed easily. 

 

The motor of the electric car receives its power from a battery pack. The battery produces DC power, which gets translated into AC power via the induction motor. The vehicle includes an inverter to convert DC power to AC power.

 

Essentially, the automotive industry is likely to see changes in the future related to electrification technology.

What Are the Different Issues With EVs?

According to Reuters, ongoing supply-chain issues and rising material costs are the most significant issues with EVs for automakers. 

 

Restructuring and cuts in employee numbers are also causing problems for automotive companies, especially the smaller automakers. These issues have led automakers to increase prices on in-demand SUVs and combustion trucks. 

 

Auto Service World also reports six challenges for EVs to become more common in the market. The obstacles include:

 

• Greater acceptance among consumers
• Battery shortages
• A lack of charging infrastructure
• Chip shortages
• Greater reliance on materials from the planet
• The capacity to have numerous owners

 

Manufacturing capacity and charging infrastructure are some issues that may persist for the next decade or even longer. 

What Is the Environmental Impact of EVs vs. ICEs?

EVs do not have tailpipe emissions as opposed to cars with an Internal Combustion Engine (ICE). Yet, generating the electricity necessary to power electric cars does lead to carbon pollution, according to the United States Environmental Protection Agency. 

 

Nonetheless, when adding up these electricity emissions, researchers have found that an electric car can lower greenhouse gas emission levels than a standard gasoline-powered vehicle. 

 

Manufacturing electric cars and producing batteries may lead to more carbon pollution than building a gasoline-powered automobile. Additional energy is required to make a car battery. 

 

However, over the lifetime of an electric car, total greenhouse gas emissions, including the charging, driving, and manufacturing of the vehicle, are lower than the total greenhouse gas emissions of a gasoline-powered automotive.

 

Watch this in-depth video explanation of whether EVs are bad for the environment.

Are Electric Vehicles Going To Take Over?

BBC News reports that electric vehicles will take over sooner than you’d expect. Industry experts have noticed that EV sales are growing fast and are expected to surpass the sales of petrol and diesel automobiles.

 

For example, the automaker Jaguar is planning to sell only electric cars starting in 2025. Volvo is also planning to do the same by 2030. Furthermore, Lotus, a British sports car company, stated that it will sell only electric cars as of 2028.

 

The automaker VW is moving slightly slower but still claiming it will ensure 70 percent of its sales will be electric cars by 2030. General Motors plans to manufacture only electric vehicles by 2035. 

 

Today, government regulations push for more sustainable transportation in the fight against climate change, and more automakers plan to focus solely on EVs. With automakers focusing so closely on EV production, it is clear that electric cars are gearing towards a takeover of the automotive sector.

Conclusion: EVs Are Shaking up the Automotive Industry

The future of electric vehicle systems is going to transform the automotive sector completely. With EVs gaining more significant ground in the industry, it is worth keeping tabs on how this innovation will continue to transform the automobile market.