Electric Vehicles Price Dropping
As we evolve with technology, going electric is getting more affordable than ever. The challenge is still the same but electric vehicle prices are dropping fast. We might see the most affordable cars going electric very soon. Experts say that by 2027 we will have matched the vehicle prices against the electric vehicles.
Electric vehicles challenge
The most complicated part of today’s renewable energy artifacts is the storage of the energy that powers the artifact, in this case, vehicles.
The generation of electricity is getting easier and easier by the day. We have solar, hydro, wind, etc. generation of electricity. Taking the electricity from one place to another is not that big of a challenge, but since storing the energy is the main problem, sometimes the generation must slow down.
Batteries are getting more and more efficient; however, the capacity is limited. Yes, we can have an unlimited source of energy with the sun or hydro-generated energy. The challenge is to store it in limited spaces, like a car. The lifespan of batteries is short, and not everyone knows how to prolong battery life.
The good news is that the electric vehicle price will continue to drop regardless of the challenge they are facing today. New batteries are coming soon and with that, more affordable vehicles will be out there and will match the price of a combustion-powered vehicle.
Electricity will power it all soon.
In the same way, our homes will be 100% powered by electricity soon. It’s more affordable, less pollution, lower risk, and most importantly, we can get close to generating our own power with a few solar panels on our roof.
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