Although electric vehicles have made significant progress in the market, the actual number of vehicles on the roads is still very small compared to gasoline powered vehicles, at most, a mere 1%. Although companies such as GM, Nissan and Tesla are making progress in this market, it is still in its infancy. However, there are many obstacles that will prevent everyone from driving an electric vehicle in the future. Let's look at some of them.
These are the five challenges and issues that EVs (electric cars) must address if they want to be able to compete with gasoline-powered cars every year.
1. Road Tax Subsidies : Many states offer registration discounts for EVs. This means that other car owners will pay more. Some states also note that they can't handle the decline in revenue. These tax breaks are likely to disappear soon, removing all incentives to purchase an EV at a time when it is growing.
2. Consumers Pay More for Electricity: Mandates for alternate energy grid electricity mean that consumers are being charged more for electricity. Drought times are when hydro is less efficient and solar farms are often located far from major metro users. This means that more transmission lines are being laid into the desert, costing billions of dollar plus energy lost for each mile. Both solar and wind-energy are expensive. Both are getting more efficient but many of the existing solar and wind farms have a poor ROI. Their costs were much higher than those to build new ones. Consumers who use electricity at home will see an increase in their utility bills and the cost of charging. To get more detail click https://www.chargepoint.com/drivers/home/chargepoint-home-flex.
3. Electric Car Range: The proponents claim that the range is growing by leaps and bounds. TRUE. People have friends with electric cars who say that the range isn't as good as promised. This negative customer perception and sentiment is a problem for PR and will take time to fix. It could also hurt sales in the short term.
4. Inaffectiveness of charging stations: Tesla advocates note that they are working to solve this problem. While these stations are great, not everyone can afford them. Can Tesla offer this service if the price drops? How about the other buyers of smaller EVs? Because if we want full adoption, people need charging stations to be able to go on trips and not just for local driving. Because EVs are more expensive than regular cars, consumers will still buy the same vehicles they have been using. Before full adoption can be achieved, the EV industry must sell many millions of cars each year.
5. Time to Charge: Although the time it takes to charge an EVS is decreasing dramatically according to proponents, the perception that consumers have of this is still not there. Not all electric cars are created equal. They also don't have the same battery technology that allows them to charge more quickly. Consumers hate the idea of being "stuck", and running out of juice or having to wait for your car to charge.