News surrounding electric cars is ever changing. It seems that every day there is a new development or advancement in the industry. Some items are just a flash in the pan while other news is groundbreaking for the market.
In this article, we will examine some of the more prolific and prominent news bites and industry developments. Further, we will examine what the future should hold for electric cars and trucks as well as the latest in trends, maintenance and batteries as they pertain to electric and hybrid vehicles.
The Impact Of Electric Cars On Oil
One of the largest news factors concerning electric cars today is their impact on the global market for oil and petroleum products. Currently, the electric car industry controls only 1 percent of the new registration market.
However, experts such as IHS Markit, forecast that by the year 2040 that share will have increased to 30 percent of new registrations. CNBC reports that the issue dealing with oil consumption doesn’t yet have a drastic effect, offsetting oil barrels by only 50,000 per day.
While this sounds like a lot, the world as a whole use over 100 million per day. Because of this small share, oil production and refining haven’t truly felt the crunch that the electric, hybrid and alternative fuel sources hope to put on them.
Morgan Stanley expects that rideshare in combination with electric and even self-driving vehicles will be the major factor in the slow decline of reliance on oil and petroleum fuels. However, they state that we won’t see this decline happen until the 2030s and won’t have a real impact until the 2040s.
Another factor in the oil consumption and pollution talks is the impact from China. China is expected to see an increase in electric car sales and use over the next few decades, and as the leader in electric car usage, will have the largest initial impact on the oil market.
Electric car news has more to do than with just the impact on oil and pollution, though. As technology advances, more and more companies are expanding to the electric car market.
Electric Car Companies Expanding
Honda and Nissan have generally led the way in the initial electric car craze. Motor giant Tesla, and founder, Elon Musk, have also developed a fleet of hybrid and electric vehicles. However, there are even newer players to the game.
While Chevrolet has improved on the Bolt, a new company has announced an entry into the market. Dyson, the company, known best for vacuum cleaners, has stated that they have plans for at least three electric car models.
At this time, they only have plans and are testing different applications, but if we know Dyson, it won’t take them long to have a prototype on the market for testing. The latest electric car news has Dyson and Tesla both producing new models with unprecedented updates. Though they won’t say what those improvements are, experts believe it will come in the form of battery life, runtime and mileage. Some speculate that even increased power and performance won’t be far behind.
This is great news for those that are looking for an environmentally friendly car or truck with enough horsepower and battery life to get through a rough work day or travel longer distances.
Electric Car Batteries
Electric car battery news has cropped up recently as well. It has long been known that one of the downsides to owning an electric car is the need to recharge the battery. While most models will only get an average of 200 miles per charge, this is about to change.
Once again, Musk and Tesla have stated that they intend to improve the battery life and may even sway away from lithium-ion batteries. New technology suggests that super-capacitors, and not lithium-ion will be the way forward. These polymers hold an electric charge without chemicals, making a recharge much faster and depletion of a charge much slower.
This concept, introduced first in the 1970s, was for the concept behind contact lenses. The polymers held water like a superconductor instead of like a sponge, allowing for more flexible and comfortable wear. Musk, and Dyson both have started testing these super-capacitors with respect to electric car batteries.
If successful we could see an electric car that can run longer than a gas-powered engine and recharge in minutes instead of hours. This would be a great breakthrough in the electric car manufacturing process and would alleviate one of the largest concerns for motorists.
More Power and More Driving
Recently at the Geneva Auto Show, car maker Jaguar unveiled a new electric SUV they names the I-Pace. Using their technology, they have created an electric SUV that is capable of almost 240 miles per charge.
This is quite high in the industry and is expected to increase as time goes on. However, one of the most noticeable improvements comes in engine power. The I-Pace is reported to produce 394 horsepower. This combined with over 500 foot-pounds of torque will result in a four-wheel 0 to 60 speeds in just 4.5 seconds.
The I-Pace is set to go on sale with a 2019 model, although as of this writing, no price has been announced.
Other electric car development news comes from Chevrolet and the new Bolt. The electric car has been chosen as the first police car that is fully electric. Hyattsville, Maryland might be the first in the country to have an electric vehicle as a police cruiser.
This isn’t the only one though. There are reports that Los Angeles, California has put in for an order of 100 BMW I3 electric cars for their force. While hybrid electrics have joined police forces in years past, the fully-electric cars have not, until now.
Pollution, The Other Concern
While companies are trying to create a better and stronger electric vehicle, the main focus is and always will be on reducing emissions and gradually lowering pollution levels. The largest concern is the renewable resources versus fossil fuels such as coal.
With the popularity of electric vehicles on the market and the need for their improvement to bring mass market appeal, it is only a matter of time. Tesla and Dyson think they have the answer to the future of electric vehicles and they just might.
However, there is no sure way to tell how much that technology will cost the consumer. Electric vehicles are already more expensive than the gas-powered models we all know. The technological breakthroughs, pollution control and elimination of direct emissions aren’t enough to sway everyone over to the electric side.
While the EPA continues to crack down on power plants and refineries to reduce their pollution levels, the end consumer needs to see the savings in their bank account. While we all worry about the environment and pollution levels in our cities and towns, if we can’t afford to purchase the electric cars, it won’t be much help.
Bringing the cost down will also be the job of the manufacturers and trying to do so while increasing productivity will be tough. With recent government mandates, though, it is being accomplished.
Nissan and Chevrolet have decent electric cars already on the market that are affordable. The local, state and federal governments also help by offering rebates for purchase and ownership. These rebates are designed to entice those on the fence to make the purchase.
For those that are waiting for a better design, longer life and easier charging options, though, no manner of rebates will help. Until then, manufacturers are doing their best to make a fleet of electric cars and trucks that appeal to as many people as possible.
The electric car news continues to be an exciting research topic. With long-term effects such as oil consumption and pollution being the largest daily factors, electric cars will continue to be in the news.
Reports claim that by the mid-2030s we will see oil usage slowly diminish as electric car use, ride sharing and mass transit being the leaders in the industry. China is expected to lead the way in the market and industry with the sheer numbers they have using ride-sharing and daily drivers.
Once the oil consumption decreases, we will see an increase in air quality and lower pollution levels.
With manufacturers such as Tesla and Dyson attempting to improve the market, it won’t be long before we have the types of electric vehicles that are capable of outperforming the gas-powered engines we have today.
The largest concern is horsepower and mileage. Even Jaguar is getting in on the game and producing cars and SUVs that already rival the cars that rely on fossil fuels now. Although their prices are sure to make us hold off for a bit longer, with technology changing almost daily, it won’t be long before cost-effective options are in most driveways around the world.