All over the world, people are turning to electric vehicles for the hope of long-term fuel savings as well as protecting the environment.
In cities of the future, you will likely encounter more than one electric vehicle on the road. With this new wave of electric vehicles, there is a desire for continuous innovation in the electric vehicle industry, which needs more infrastructure to meet consumer demand. Pretty soon, seeing an electric car on the road will be as normal as driving through traffic lights.
According to CNBC, the number of electric vehicles is expected to increase from 3 million to 125 million by 2030. This means that everyone in Japan, the 11th most populous country in the world, owns an electric car.
The electric vehicle market is expected to reach approximately $1.5 trillion by 2025. It is estimated that by 2025, there will be 97 million vehicle sales points worldwide.
With the trend to adapt to a cheaper battery, we can easily foresee a decrease in electric vehicle costs. In addition, the trend in the next few years is to design fully electric cars that only take hybrids off the market. Many different vehicle manufacturers are considering implementing this strategy over the next five to seven years to reduce the inevitable fossil fuel depletion.
With global warming becoming a serious problem, consumers have realized the necessity of directly adopting renewable energy uses and living with more sustainable transportation options. The fact that most of the emissions from fueled vehicles are toxic, cause serious problems on human health and cause numerous premature deaths every year have been effects that are well understood and taken seriously by the society. The environmental benefits surrounding electric vehicles are one of the most important factors in the transition from a fuel-powered engine to an electric one.
Overall, the development of electric cars will continue to expand and evolve in the coming years. Over time, electric vehicles will not only enter the market, but will continue to move forward with more sustainable transportation alternatives, becoming the preferred transportation option.
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This event was organized by one of the largest purchasing groups in the world called Nexus, with which we cooperate.