Electric vehicles have made some substantial headway in the marketplace, but still the amount on the street compared to gas powered vehicles is quite small, only a few percent at best. There are a few barriers to such a dream of everyone driving an electric car in the future. Let’s address some of them.
Here are five things to think about and challenges for EVs (electric vehicles) if they are to compete at the numbers of gasoline manufactured cars annually:
1). Road Tax Subsidies: In many states Departments of Motor Vehicles give registration discounts for EVs, meaning other car owners pay more, and a few states note they cannot take care of the reduction in revenues, so those tax breaks will soon disappear – again removing incentives to purchase an EV, in a time when the EV market is starting to take off.
2). Electricity Costs to Consumers: Consumers are currently being charged more for electricity as a result of mandates for alternative energy electrical grid electricity. During drought times hydro is diminished, and solar farms are generally put in areas far from the big metro users, meaning greater transmission lines are taking way to the desert costing billions of dollars + energy is lost for each mile of transmission. The price of solar isn’t cheap, nor is the cost of wind-energy. Although both are becoming more efficient, many of those formerly built solar, wind farms need a decent ROI and their prices were higher than the costs to construct new now. Higher electricity prices change the value and prices to consumers who charge their cars at home.
3). Electric Car Range: Proponents say it is improving by leaps and bounds, TRUE. That customer sentiment and perception is a PR problem to overcome for the EV industry and will take the time to reverse, thus hurting sales from the short-term.
4). Deficiency of Charging Stations: Proponents note that Tesla is working on this issue of EV charging stations – and yes, so that they are, good for them, but not everyone owns a Tesla or can afford you. As the price drops can Tesla still offer this? What about other buyers of smaller EVs, because if we want full-adoption men and women need charging stations so that they can go on excursions, not just driving. EVs limit consumer travel options, and because these vehicles cost more on average than regular cars, people will keep on buying what they are used to. EV industry will need to sell a few millions of cars a year before full adoption is achieved.
5). Time to Charge: Proponents note that the time to charge EVS is coming down dramatically, yes, but again the perception is not there in the minds of their consumers yet. And, not all of electric cars are built equally nor do they have similar battery technology letting them charge faster. Being from juice and having to wait to drive your car is exactly the same as being”stuck” and consumers hate the notion of that.
As we speak, engineers, scientists and business professionals are working on these things, but there is a ways to go, that means a good deal of upside yes, but still it is a long road ahead. Please consider this.