When GM produced the first commercial scale electric car back in the 1990s, the concept didn’t take off. That was because batteries were really expensive and because the GM car used an old fashioned type of cell.
But today things are very different. According to estimates coming from Clean Technica and other websites, sales of new electric vehicles now comprise 4.8 percent of the overall vehicle market, a huge share, given that they only really got going back in 2013.
But it’s not just that electric vehicles are new that should excite us. It’s also because they are better in practically every conceivable way. Here’s why.
The Running Costs Will Be Lower
Gas cars aren’t exactly cheap to run. Data from surveys suggests that running a regular gas vehicle for ten years could cost as much as $17,000 if you own a BMW. Other cars are cheaper, but even the most affordable cars, like Toyotas, still wind up costing over $5,000.
The reason for this is that gas cars, by their very nature, have more moving parts than electric vehicles. Regular combustion engines themselves often have more than 1,000 moving parts. The problem with this is entropy: the more metal surfaces rub together, the more they wear out and eventually break.
Electric vehicles, like those previewed on the Electric Rider, have far fewer moving parts and so they are a lot less likely to need repairs in the long term.
They Will Have Better Performance
We’ve already seen how electric cars have unequivocally higher performance than regular gas vehicles, thanks to demonstrations from the likes of Faraday Future and Tesla. Both of these car makers have revealed cars with higher performance than contemporary “supercars” which has raised a few eyebrows.
The reason for this is the fact that getting the power from an electric engine to the drivetrain is a lot more efficient than it is in a gas-powered car. Electric motors generate a constant level of output. There’s no rev range in which you get maximum torque and there’s no gear-shifting either, meaning less time wasted and more time accelerating.
They Will Cost Less In The Long Run
Wholesale battery prices are halving roughly every two years. The cost per kWh of battery-stored electricity was over $500 in 2014. But 2016, it had fallen to a little under $250.
If this trend continues, which many experts expect it will, then the primary cost element in electric cars will continue to decline. If this happens, experts in the industry predict that around 2025 to 2030, battery cars will be so cheap that even ultra-economy gas cars will no longer be able to compete on price. Electric will just be unequivocally cheaper across the entire range.
There is speculation that the average family could pick up an equivalent electric car in 2030 that is comparable to a $25,000 saloon today for just $8,000, and that’s just based on current trends. If new types of storage are invented, or if car manufacturers use 3D printing, then the costs could be even lower.