If you had a chance to live in another century, would you choose to live in the future or the past?
We are in the end of 2022. This means we are only a few years away from living in a completely electric world. In fact, according to a recent report from Bloomberg New Energy Finance (BNEF), the global transition to electric vehicles will accelerate rapidly over the next decade.
By 2030, BNEF estimates that there will be 25 million EVs on the road globally. That number will increase to 300 million by 2050. And by 2040, half of all new cars sold worldwide will be electric.
ELECTRIC VEHICLES(EV)
Electric vehicles have been around since the 1970’s and have always been associated with luxury cars. However, over the past few years, electric vehicle technology has improved significantly, and they now offer many advantages over their internal combustion engine counterparts. These advantages include lower maintenance costs, longer range, faster charging times, quieter operation, and reduced pollution. In addition, EV’s do not emit any harmful gases and are therefore considered “green” vehicles.
EV'S IN INDIA
India is currently the world's third largest automobile market. It has a population of 1.25 billion people and is expected to reach 2.5 billion by 2025. As a result, India is becoming a major player in the global automotive industry. The Indian government aims to increase sales of EVs by 10 million units per year until 2020. There are currently only about 100,000 EVs on the road in India. To meet these ambitious goals, the government plans to subsidize EV purchases and reduce taxes on EVs.
GOVERNMENT POLICIES
The Indian government has a number of policies aimed at reducing air pollution and promoting alternative fuel use. One example is the Bharat Nirman program, which encourages the purchase of EVs. Another policy is the National Clean Air Program, which provides financial incentives for the purchase of cleaner vehicles. In addition, the government offers subsidies for the purchase of EVs. Finally, the country recently announced its first-ever tax incentive for EV owners.
FUEL CELL VEHICLES
Fuel cells are devices that convert chemical energy stored in fuels directly into electricity. Unlike batteries, fuel cells produce no toxic substances and are much more environmentally friendly. Currently, hydrogen is the primary fuel source for fuel cells. Hydrogen is produced from natural gas using steam reformation or water electrolysis. Unfortunately, hydrogen is both expensive and difficult to store. Therefore, hydrogen fuel cells are primarily used in stationary applications where power demand fluctuates throughout the day.
HYBRID CARS
Hybrid cars combine two different types of propulsion systems to maximize efficiency and minimize emissions. While gasoline engines provide high torque and acceleration, diesel engines are more economical and can achieve higher speeds. Hybrids often combine both technologies to balance the pros and cons of each system. The most popular hybrid car is the Toyota Prius, which combines a small gasoline engine with a larger electric motor powered by lithium-ion batteries.
DIESEL CARS
Diesel cars use compression ignition to ignite fuel instead of spark plugs. Because diesel engines operate at a much cooler temperature than gasoline engines, diesel cars tend to be less polluting and more powerful.
BATTERIES
Batteries are charged via a plug connected to a wall outlet or a generator. Batteries are generally classified based on how long they last before needing to be replaced. Lithium-Ion batteries are the most commonly used type of battery today.
E-CARS IN 2023
- Hyundai Kona Electric Facelift
REGARDS
ENCHANTRESS
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