The policy has prevailed. What the automotive industry never wanted has actually happened: Diesel vehicles and petrol engines will soon be a thing of the past, as will hybrid drives. Why the future of drives belongs to the electric motor.
It was not the customers who decided, nor the automotive industry either: politicians have pushed through the fact that we can finally be cleanly mobile in the future, among other things with a series of purchase incentives. In Europe, various other factors have also supported dramatic growth in electric vehicles from the first quarter of 2020 – most notably increased awareness of the impact of fossil fuel mobility on air quality, but also the introduction of new electric vehicles.
Automakers move in
Whether in cities like the pioneers of Paris, Amsterdam, and Los Angeles or in government, more and more players understand the symbiosis of sustainability and innovation as a key factor in the future.
General Motors was the first automaker to announce the end of the fossil fuel era. From 2035 onwards, the company wants to sell only emissions-free vehicles in the region, and by 2040 the entire group will be CO2-neutral. The main goal was to quickly find an impersonator, first the competitors Volvo and Jaguar, and then the driving service provider Uber. Fossil dominoes fall one after another.
Overall, the trend is clear. Drive electrification, which has been debated for years, is suddenly happening at a tremendous rate. This leap in the direction of electric vehicles is accompanied by aggressive models by manufacturers. The industry has announced 600 new electric vehicle models by 2024.
Political green pressure – worldwide
For example, manufacturers need to reduce average CO2 emissions from vehicles in the EU by almost 40% by 2030. Failure to do so will result in a fine of € 95 per gram of CO2, which deviates from current EU standards. Therefore, automakers are forced to sell as many electric vehicles as possible to prevent the EU from further tightening the knob screws in the future.
In China, the central government has already decided in 2019 to extend the incentive for electric vehicles until the end of 2021. By 2025, EVs (electric vehicles) are expected to account for 20% of new vehicle sales, but political subsidies and customer preferences allow for a 50% market share. In the United States, it is expected that by 2030, 500,000 public charging stations will be installed in addition to the 90,000 already installed to meet the Biden administration’s climate goals.
New Games, New Players
Therefore, the automotive industry has no choice but to electrify its portfolio as quickly and comprehensively as possible to get rid of the image of a dirty car maker. At General Motors, Volkswagen and Hyundai, there are three notable examples of recent significant increases in budgets for electrification. In addition, new players are in the limelight.
Dozens of manufacturers that have been founded in recent years want to position themselves in the newly emerging electronics market. Many emerging players are standing out from the crowd with massive funding, with Chinese manufacturers, in particular, receiving skyrocketing valuations.
The question of reach
In principle, electric mobility can be implemented without any problems despite the shorter ranges, but for any problems with your car, visit gotu for any car services. The reservation of charging slots based on real-time information actually makes the hectic search for electrical charges obsolete. You can already travel purely electrically from the North Cape to Sicily today, and the actual travel time will hardly look any different compared to conventional journeys. A prerequisite for this, however, is navigation systems that know which charging station is available where across all providers.
Electric cars are here to stay
Even if some are still discussing the pros and cons of electromobility: The change is irreversible, the future will be electric purely electric. Dirty engines, on the other hand, are being thrown out of almost every city and country. Goodbye combustion engines, welcome drive!
The majority of customers still have to be pushed to their luck but they will never regret it: after just a few kilometers in an electric car, nobody wants to go back to the world of combustion engines. The biggest drivers are therefore the national and local governments, which are already making decisions about the future. In addition, many players can now build and sell electric cars, and they can be sure of the advanced praise of the financial institutions. This is changing the market drastically: from the low-priced tiny car niche to the highest-priced luxury segment, the evolution will create a large variety of shapes and models.