Will Electric Vehicles Ever Rule the World?

It is inevitable that electric vehicles will one day majorly displace gasoline and diesel vehicles and the transition is just around the corner. While electric vehicles (EVs) were defeated by fuel-powered vehicles in the 1900s, this may no longer be the case. By 2025 20% of all new cars sold globally will be electric, according to the latest forecast by the investment bank UBS. Globally, UBS estimates that 40% of new cars sold by 2030 will be electric, and almost all new cars sold by 2040 will be electric.

In spite of the fact that there are several factors contributing to pollution and global warming, vehicular pollution accounts for a significant portion of the problem. According to one study, electric vehicles could reduce oil consumption by 21 million barrels per day and CO2 emissions by 3.2 billion tonnes per year, resulting in a massive shift. To make a significant dent in transportation emissions, the world must be 90 percent electric by 2040.

Therefore, it should come as no surprise that the world is gradually but steadily promoting the use of electric vehicles.

The current scenario to transform the way we move fundamentally results from changes in three main areas: Laws & Regulations, consumer behaviour, and technology.

According to the study, along with recent commitments from governments and automakers to electric vehicles, we may be able to transition the transportation sector away from carbon emissions within the next decade. Over the last decade, a variety of support policies for electric vehicles (EVs) were instituted in key markets which helped stimulate a major expansion of EV two-wheeler models.

The rapid growth of EVs over the last few years has also been attributed to consumer’s shifting attitude towards eco-friendly and sustainable transportation as well as rising fuel prices. Moreover, the mobility industry is unleashing a dazzling array of innovations designed for urban roads with spectacular designs and features to enhance the appeal of electric vehicles. Needless to mention a better and smoother riding experience than gasoline vehicles.

Discover Joy e-bike’s best-selling high-speed and low-speed electric vehicles, which are loaded with features that will make your daily commute joyful. In addition to being designed in a way that makes them compatible with Indian roads, electric vehicles have an irresistible appeal, which is encouraging people to switch over to electric vehicles.

Our way of moving is changing fundamentally due to changes in technology, consumer behaviour, and regulation. Travel will be soon revolutionized by electric vehicles, which are the next generation of transportation.