To us, the question is not if our country will make a transition to electric vehicles, but it is how and when electric vehicle adoption will occur.
Evelocity will be commenting on this topic in the coming months in our new blog series, “America’s Electric Vehicle Future.” In this first blog post, let’s focus on why the above statement is a conclusion that simply cannot be argued against.
The following compelling ideas make a strong case. As a data-driven advisory team in the electric vehicle industry, we like to emphasize numbers; so, we’ll do that here, too.
Read on for the 4 undeniable signs that electric vehicle adoption is on its way:
1. Electric Vehicle Options are Increasing
In 2017, automotive manufacturers collectively committed $92.5 billion to the development of new electric vehicles in the global marketplace. This is a major commitment that will undoubtedly result in many more electric vehicles for consumers to choose from – and with much lower, more competitive pricing, too.
In other words, this is clearly a move to a mass market industry model to replace conventional cars.
2. Electric Vehicle Charging Stations are Expanding Fast
There will be a 41% increase in EV charging station infrastructure across the nation from 2017 to 2018.
Early EV adopters had a legitimate concern about where to access charging units for electric vehicles. But with major new commitments to infrastructure in the majority of states across America, this significant improvement year after year will lead to this concern steadily disappearing. We’re still quite a few years away from having all of the needed infrastructure in place, but this is very important progress.
3. Vehicle Battery Range is Only Getting Better (75, 200, 370…)
The mileage range to drive an electric vehicle on a fully charged battery continues to climb higher and higher. In the early days of production, driving an electric car for 75 miles on a full charge was a frustrating limitation for many. Now the numbers are going up, and thanks to many innovations in battery technology, current vehicles can achieve a full range over 200 miles.
And the future of this technology only continues to get brighter. One of the many examples are the new GM vehicles planned for production in the next 2-3 years, with a fully charged range of 370 miles. This is another obstacle to electric vehicle adoption that is simply going to disappear over time.
4. Ultra-fast Electric Vehicle Charging Will Happen in Under 10 Minutes
The length of time that it takes to charge an EV can’t be compared to filling a standard car at the corner gas station. That said, charging infrastructure technology is another aspect showing an exciting new direction.
Electric vehicle charging at home in your garage currently takes a long overnight connection. And even fast-charging technology that is deployed in many interstate corridors takes 30-40 minutes for significant charging progress. But the new technology for ultra-fast charging will get the job done in less than 10 minutes. Essentially, it is another technology innovation that will make the market very happy.
All of these numbers will only continue to get better in the years ahead, and they already lead to a clear result. The number of electric vehicles in America continues to jump up significantly, month after month. The number of surveyed consumers that have an interest in electric vehicles are going up, too. The options for buyers continue to expand and get better, and the obstacles that prevent people from saying yes are steadily disappearing.
Electric vehicle adoption in America is happening now…there’s no question of that! And we’ll have so much more to write about as we move further down the road.
Do you own an electric vehicle?