The future of electric cars is booming and amazing. Online car shopping site Edmunds predicts 2021 will be a “pivotal year” for electric vehicles, with U.S. sales rising to 2.5% versus 1.9% last year. Consumers will also see a deluge of new models entering the market.
Why are electric cars popular?
Electric cars are growing in popularity because of: • Automakers are introducing more affordable models
• Consumers are beginning to pay attention to their driving habits
• Electric car charging infrastructure is growing rapidly The number of electric cars on the road will rise to 1.6 million in 2021 from about 250,000 this year, according to Edmunds. Many analysts think electric cars will be the primary type of vehicles on the road by 2030. Electric cars can be used for:
• Commuting and everyday travel
• Emergency, military, disaster and renewable energy vehicles
• Sustainable transportation
• Access to mass transit
• Farm to home transportation
• Electric vehicles range in price from under $20,000 to over $100,000 and there are hybrids and plug-in hybrids in between
Coming future of electric cars
In the future, most models will be electric and hybrid cars, such as the Ford Focus Electric or Volkswagen eGolf, which is part electric, part gasoline, and can get up to 70 miles to a single gallon of gas, depending on the model. The VW eGolf gets a range of 107 miles and is available at all of their dealerships. The Ford Focus Electric has a range of 107 miles with a starting price of $29,120, and there are only 52 of these available in the U.S. Right now, the Focus Electric is one of the best-selling electric cars, but it has been plagued by faulty software updates for the past two years that have increased costs to consumers. The Ford Focus Electric can go from 0-60 mph in 7.9 seconds.
The latest in the design of electric cars
In the latest electric car design, there is an electric motor built into the wheel hub. When you need to go, you can just turn the wheel a little and the electric motor will accelerate the car to go. The benefits of this design include a smaller car which can be built-in lighter weight material, making it cheaper to manufacture and lighter. Another benefit is an interior design that allows the driver to actually see the car and see other road users, unlike conventional cars. There are many advantages to this design, so it is not surprising to see it rise in popularity. New lines of electric cars will hit the market Electric cars have been around since 1884, but the range of these cars was small and their recharging time very slow. According to Mark Reuss, General Motors’ executive vice president of product development, purchasing, and supply chain, the path to an all-electric fleet is coming. “There’s a sense that we’re close and if we can do that one more time, we’ll have reached that inflection point,” said Reuss. “So the team is working at it hard and it’s all we talk about all day long, but it’s also one of those things where we’re going to make it happen when we decide to make it happen.” Right now, General Motors is preparing to launch 10 electric vehicles by 2023. As for the top-selling electric car of 2017? That would be the Tesla Model 3, which sold 123,312 vehicles. Google’s Waymo says it will start offering rides to the public within the next few months.
In summary, this was a good week for popular technology companies. Google announced a smart speaker, Netflix updated its mobile app, Roku and Adobe came out with a new smart platform, Ionis Pharma announced that its Akcea Therapeutics will be acquired by Biogen for $5.1 billion, and I see the number of popular technology stocks improving even more in the weeks and months ahead.