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ELECTRIC VEHICLES

For the past few years, electric vehicles have been a hot topic. The advancement of the electric vehicle is daily news. There is a link to the effects of the electric car or its development in every form of media. But why is the concept of an electrically powered vehicle gaining popularity? Indeed, the origins of the electric car can be traced back centuries.

In the nineteenth and twentieth centuries, electricity was one of the most popular ways to power a car. At the time, an electric-powered automobile was preferred over a gasoline-powered automobile because electric powered automobiles were much easier to handle, as well as much cheaper and easier to maintain. But why did people continue to prefer gasoline-powered automobiles?

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The competition between electric and gasoline-powered vehicles was lethal. The electric car fell out of favour during the twentieth century. There are several reasons for the decline in popularity. The invention of the automatic starter, the expansion of the market for low-cost fuel, mass production, and easier and faster fuelling. Soon, fuel-powered cars with the latest Internal Combustion Engines outperformed the electric car. The electric car gradually faded away.

The electric car was only reintroduced after decades when General Motors produced their first electric vehicle. At first glance, the reintroduction of the electric car appeared to be a huge success, even creating a real buzz in late 1990. People truly believed that the electric car had the potential to change the world. Unfortunately, the excitement was short-lived. Car and oil companies began to defend themselves against the change that the electric car sought to bring about. Oil companies saw their market slowly dwindle, and car companies worried about losing a large portion of their sales. The opposition was so strong that even the government was involved in attempting to prevent the successful reintroduction of the electric car. Today, the battle between electric and gasoline-powered vehicles is heating up once more. Who will emerge victorious now? Will the electric car eventually replace the traditional car?

ADVANTAGE OF ELECTRIC VEHICLES:

It is not surprising that the electric car became popular in the late 1990s. People were once again exposed to the benefits of an electric vehicle. People realised that driving electric cars saved them a lot of money on gas and produced a lot less pollution. They found it reassuring to know that they were helping to improve the environment while also saving money. Contributing to a better climate is now one of the world’s most pressing concerns. We can’t deny that the climate is changing. As a result, we must seek alternatives to combat environmental issues such as air pollution and global warming.

One of the most viable alternatives is to replace old combustion engine vehicles with electric vehicles. Electric vehicles emit no emissions, so they have no impact on air pollution. Aside from contributing to air pollution, they also produce no sound, so they do not contribute to noise pollution. Unlike gasoline-powered vehicles, electric vehicles have fewer moving parts. The electric car’s technical construction is much simpler and more efficient. As a result, electric vehicle is more reliable and easier to maintain. The entire amount of electricity is stored in high-end batteries. These car batteries are designed to last for 5 years.

Because these rechargeable batteries are fully recyclable, they prevent old batteries from becoming a disposal issue. It also makes the electric car more durable and less expensive in the long run. Oil prices have risen dramatically in recent years. Oil is the black gold, but its prices are skyrocketing for a reason. Oil is a fossil fuel, and there are only so many of them. Oil is becoming increasingly scarce, and you will pay the price. Electricity is not limited because it is not a fossil fuel. As a result, electricity costs significantly less than fuel. The lower cost of fuel is one of the most significant advantages of driving an electric car.

For example, if you drive 40 miles per day in an electrically powered car with a mileage of 280 watts per hour per mile and an electricity price of $0.10 kilowatt-hour, it will cost you $1.12. Driving the same 40 miles in a gasoline-powered car with a mileage of 25 miles per gallon would require 1.6 gallons of fuel. 1.6 gallons of gasoline at $3 per gallon would cost $4.80.

In this case, driving your gas-powered car costs four times as much as driving an electric car for the same distance. In fact, travelling in your electric car may be less expensive. Here’s another way to save money on your fuel costs. Recharging your electric car at night, when electricity is less expensive, will save you even more money.

DISADVANTAGE OF ELECTRIC VEHICLES:

One of the most significant disadvantages is that the electric car is still in the prototype stage, which costs a lot of money. Car manufacturers must conduct extensive research and testing in order to develop these electric vehicles. Electric vehicles, like conventional vehicles, must meet safety standards. This necessitates additional research and investment by automobile manufacturers. Subsidies are provided by the government to make these investments more appealing to car manufacturers. With these subsidies, the cost of an electric car will fall, and purchasing one will become more affordable to everyone in the near future.

One of the reasons the combustion engine won the competition a few decades ago, was that it would only take a few minutes to refill your car with gasoline. Refilling an electric car took half a day. Still, refilling – or recharging – your electric car is one of the disadvantages. It takes 3 to 10 hours to fully recharge a car battery. So when you are running out of fuel, you won’t be able to quickly recharge your battery. The only solution is to charge your car battery overnight, just like the way you would recharge your mp3-player.

The majority of electric vehicles are outfitted with readily available and low-cost car batteries. This means that when your car battery is fully charged the following morning, you will be able to travel 50 to 120 miles. This mileage is ideal for getting from your house to your workplace. Using an electric car with such a range should not be an issue when commuting.

It will become an issue when you want to take a vacation. Travelling to your vacation destination in the south of France, for example, will keep you busy for nearly four days. Of course, not all-electric vehicles are equipped with these low-cost batteries; however, electric vehicles outfitted with more durable car batteries are significantly more expensive. So, if you want to travel longer distances, you should always make sure that your electric car has a better and more expensive battery. With all of the new technologies, there will eventually be a solution to extend the range of your cheap car batteries and shorten their recharge time. However, driving an electric car is pointless if you can’t recharge the batteries.

CONCLUSION:

We talked about the benefits and drawbacks of electric vehicles. But the question remains: will the electric car eventually replace the conventional car?

Yes, there is an answer to this question! In fact, we will eventually have no choice but to replace the combustion engine-powered car with an electric vehicle. Our climate is changing as the times change. The use of finite fossil fuels has altered our environment, necessitating the search for new ways to generate and use energy.

With the advancement of technology over the decades, we discovered a plethora of suitable alternatives. When developing alternatives, it is critical that they do not jeopardise economic growth or the current standard of living. As a result, the development of electric vehicles is one of the best suitable alternatives.

The electric vehicle is making a comeback. We chose a combustion engine-powered car a few years ago because it was more convenient and because car manufacturers were afraid of losing most of their profits. Let us not make the same mistake twice and instead encourage the technological development of the electric vehicle.

Mr.Chetan

MBA 1st Sem

CT University

Ludhiana, India

http://www.intraders.org
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Rashmi Gujrati

Prof. Dr. Rashmi Gujrati , Professor, Institute: Management College. India Qualification: M.com, MBA, Ph.D. Specialization: Marketing, Finance & International Business Regulatory board Member of InTraders Academic Platform • Life member of India Commerce Association • Life member of Indian Accounting Association • Life member of Association of Indian College Principals • Member of Foundation Social Science Research FSSER Malaysia Reviewer Committee member of IBIMA Association Spain. • Scientific & Review committee, Advisory Board, Editorial research projects of AASE as a trainer/consultant/researcher AASE Member Chung Yaun Christiana University Taiwan.

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