Very recently Electric vehicles were introduced as one the possible optimal solutions to mitigate climate change and the dependency on fossil fuels. Throughout the last 10 years, the development of battery systems upgraded in partnership with the government EV-centric projects and opportunity to be better informed about the environment have motivated global consumers to start using EVs.
An essential component of the spread of EVs is definite truckle in the li-on battery technology. Lithium-ion batteries, which rapidly replaced an earlier type of batteries called Lead-Acid and become a major power supplies of EVs, have seen twofold development in energy density and an amazing drop in production cost, contributing to the increasing driving range and charging time of EV. This has helped in overcoming these behaviors and EVs have now become a feasible substitute for the average daily commuter.
Furthermore, the auto companies are heavily investing in EV product research and development, which has led to more of a selection of EV models that contain different prices and specifications. The options are endless - a small racy city car, practical sedan style / luxurious SUV - there is a EV vehicle for all tastes and budgets.
Besides reducing costly air pollution, electric mobility is also a step forward for the economy. It has generated jobs in the renewable energy sector and since the emission of air pollutants in cities have been cut down. Furthermore, the merging of smart charging gridware and two-way power systems holds a possibility of getting the best out of energy usage and grid reliability.
To sum up, EV technology's future will remain within the areas of battery improvement and charging facilities, which will subsequently define the course of transportation driven by electric power.