The EV Infrastructure has grown over the past years, leaving the stakeholders to look forward to the future of EV. With the advanced technology and the idea of what EV stands for, EVs will take over the automobile industry by storm. It will further lead to progress in buying, selling, and establishing EVs on a larger scale.
Reports predict that electric vehicle sales will grow 41% globally in 2020 and that growth will continue through the decade.
Although the sales saw a sharp decline due to Covid-19, the EV infrastructure remains intact, still due to the number of stakeholders involved. Not to disregard, the governments are also actively participating in publicizing the EV sector as much as possible with increasing incentives. In the coming years (future of EV), battery prices will be as low-cost as fuel-powered cars due to a 73% drop in prices since 2010. The International Energy Agency in, its report, projected that up to 70 million electric vehicles would be on the road by 2025.
Due to the rising awareness and initiatives for the conservation of Earth over the years, more and more people are considering bringing a change in life that is sustainable for the environment. Hence, by 2025, all new cars sold globally will be Electric Vehicles, according to the forecast made by investment bank UBS. Globally, the percentage of new electric cars/ other vehicles by 2040 will reach nearly 40%.
Also read: https://meissareeve.com/the-future-of-electric-vehicle-infrastructure-nhev-2/
Aviation may soon get powered by electric planes. The flights in some years will be a source of a sustainable method of transport electrically. The idea of electric planes isn’t new. They existed in 1973 when the MBE1 became the first aircraft to fly with a human crew. In 2015, when the solar impulse 2 circumnavigated the world exclusively on solar power, and in 2020 when the Pipistrel Velis electro became the first commercially available electric-powered aircraft.
In the future, there is hope for electric planes to take over as the idea of electric planes will be a cleaner alternative for the environment. It will pave the way for establishing quieter airports, cheaper flights, and carbon emissions-free travel. Since the electric battery prices have seen a significant reduction in prices over the years, these prices will reduce more, leading to the full adaption of electric methods to fuel the aircraft. Overall, the electricity costs are low compared to the fuel that gets consumed at present. Hence, it is safe to assume that electricity will majorly contribute to the commercial aircraft industry.