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Clean Transport

Electric Vehicles, Critical Growth Factors

While there may be no doubt that electric vehicles (EV) will eventually replace the internal combustion engine to an significant extent but there is doubt when will that happen. Globally the EV enthusiasts are working out a number of innovative ways to push the economic envelope of electric vehicle towards greater viability. And therefore what will determine the success of EVs and by what quantum is obviously an interesting question. Critically looking at the electric vehicle suggests that there are only two central factors that will decide the extent of penetration by EVs- Battery cost and the cost of oil products as shown below.

Electric Vehicles Penetration in Future

Electric vehicles penetration in future

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About yash saxena

In this nothing lies everything

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