EV Wave is gaining momentum

When people think of buying an Electric Vehicle (EV), some go far enough to think that driving an EV gives them a certain moral standing in the community because of the benefits to the environment. People that can afford EV’s need to have significant financial means, most need to have standalone or private homes, and most of them tend to use the EV to commute as their main vehicle. This is because its not just a case of buying the EV is is also a case of setting up the dedicated space to charge it.

With the US Government making a big push towards EV’s announcing tighter pollution rules, and the European Union making it clear that a ban on fossil fuel is clearly on the agenda. Most car makers have no choice but to make solid plans to release EV’s, Honda plans to phase out “dirty fuel” cars by 2040.

Tesla became the world’s most valuable car company and has so far firmly held that position with a $208 Billion Valuation. Tesla is also now worth more than many of its rivals combined, such as Fiat Chrysler ($20 billion), Ford ($24 billion), Ferrari ($32 billion), General Motors ($36 billion), BMW ($41 billion), Honda ($46 billion) and Volkswagen ($74 billion). Yes saving the environment is a good target but clearly it wont hurt to make an enormous amount of money at the same time.

We need to remember that clean public transport needs to be higher up on the agenda.

There are three ways to reduce greenhouse gas emissions from passenger transport: avoid the need to travel, shift the transportation modes or improve the technologies. EVs only tackle one side of the problem, the technological one. While EVs will decrease emissions compared with conventional vehicles, we should all be comparing them to buses, trains and bicycles.

This was also demonstrated here when noted that even during peak of the pandemic in 2020 the European e-bus market grew by 22%. My adopted city of Abu Dhabi in UAE also launched a few new electric powered buses. I think we should all be actively doing what we can to commute cleanly so hopefully the car makers will start producing reasonable priced vehicles and government’s should help by providing subsidies or incentives.