What impact could modern EVs have if adopted
Inside
the
Electric
Vehicles
December 2021
The market for electric vehicles has certainly faced
significant growth over the years. Demand, sales
and manufacturing have all been increasing. New
brands, new models, new solutions – the electric
vehicles market is keeping busy. However, it’s no
secret that there are several challenges impacting
growth in adoption.
The Impact
What are the key market drivers?
engine vehicles. While aspects of their production
There are many factors that help explain why
electric vehicles experienced growth despite the
pandemic. Growing awareness of EVs as a
sustainable mobility solution is certainly key. The
two factors we’ll focus on here are lower prices and
government regulations
Lower battery costs lead to lower prices
New laws and regulations increase adoption
What challenges have been identified?
While the electric vehicles market has
experienced impressive growth, EVs still only
account for around 3% of worldwide car sales
(2.6% in 2019). As such, there’s still a lot of work to
be done. Adoption rates are negatively impacted by
many factors. Here we’ll look at three commonly
cited hurdles for the EV market.
1. Lack of charging stations
2. Charging time
3. High initial cost
Reference :- https://earlymetrics.com/electric-vehicles-challenges-startups/
https://www.forbes.com/sites/forbesbusinesscouncil/2021/10/15/implementing-electric-
vehicles-the-next-step-in-commercial-transportation/?sh=21260602161e
widely in consumer and commercial markets? To
answer that, we must understand the scales of
change at play. For instance, in the commercial
trucking industry, the implementation of clean
diesel technologies means long-haul trucks are
now 60 times more efficient, with each long-haul
truck on the road pre-1998 producing emissions
equivalent to 63 of today’s long-haul trucks. That
is a significant scale of change — one that could
be dwarfed by the impact of broad EV adoption.
All-electric vehicles produce zero tailpipe
emissions, meaning that the total emission
footprint of an EV is really the emission footprint
of its power source. Unlike other motor vehicles,
EVs produce no direct air pollutants or
greenhouse gases, thereby cutting the emissions
of carbon dioxide and methane.
Given that the transportation industry as a whole
today accounts for 29% of total U.S. greenhouse
gas emissions, widespread adoption of EVs in
commercial trucking and elimination of diesel-
based engines could significantly reduce that
percentage across all of transportation. To truly
see the environmental benefits of EVs and cut the
number of greenhouse gas emissions, enterprise
and commercial fleets and mass transit systems
are leaning toward increased adoption.
Electric vehicles have less environmental
impact than conventional internal combustion
can induce similar, less or alternative
environmental impacts, they produce little or no
tailpipe emissions, and reduce dependence on
petroleum and greenhouse gas emissions, and
health effects from air pollution. Electric motors
are significantly more efficient than internal
combustion engines and thus, even accounting
for typical power plan efficiencies and distribution
losses, less energy is required to operate an EV.
Manufacturing batteries for electric cars requires
additional resources and energy, so they may
have a larger environmental footprint from the
production phase. EVs also generate different
impacts in their operation and maintenance. EVs
could produce more tire, brake, and road dust air
pollution, but their regenerative braking could
reduce such particulate pollution from brakes.
EVs are mechanically simpler, which reduces the
use and disposal of engine oil.