The demand for electric vehicles has been on a steady incline over the past couple of years. And it does not look like it will stop soon especially with emission regulations tightening all over the world.
Electric vehicles are vehicles that are powered by electricity instead of gasoline. Electric vehicles rely on one or more electric motors (also known as traction motors) for propelling the vehicle. The electricity used by the vehicle can be generated via either off-vehicle sources or through individual more contained sources such as batteries, solar panels (which generate electricity via solar means) or via an electric generator which utilizes fuel to generate electricity.
There are several vehicles that fall under the broad description of electric vehicles and these include road vehicles (such as cars, buses, scooters and trucks), rail vehicles (rail cars, trains and so on), surface and underwater vehicles, electric airplanes and even electric spacecraft.
While electricity powered vehicles have been around for quite some time, there has never been a better time for them to be owned than now. This is because of technological advancements that has rendered them viable for use. Also, due to the world shifting focus from fossil fuels to renewable sources of energy, electric vehicles which provide an opportunity to reduce the use of fuel are suddenly the rave. Couple this with support from governments and electric vehicles shed off their skin of obscurity to become really relevant in the society today.
In 2019, the sale of electric cars is projected to be higher than ever before. The electric vehicle website, Driving Electric, conducted a research which revealed that the average timeframe to take possession of an ordered for electric car is between 10 and 12 weeks although, some vehicles can take as long as six months.
During the course of their research, it was discovered that Hyundai has no lead time between the time you order and the time they deliver a hybrid vehicle (the Ioniq hatchback) to you. This is per reports by the car manufacturer. If you are, however, looking to get a plug-in hybrid or a fully electric vehicle, you will have to order for a period of about four months in advance.
This is a trend that is seen across the electric vehicle market. Demands are on the upsurge and manufacturers are being swamped. In 2018, the number of registered electric cars rose by 10% when compared to the same number a year before. Plug-in hybrid vehicles alone saw an increase in sales of about a quarter when compared to the previous year’s.
On the global stage, the market share of electric vehicles in 2018 was up by 4.6%, a figure that is almost two times that seen the year before.
All of these show an increase in the growth and popularity of electric vehicles and by all indications, this will continue through this year and into the nearest future. The world is experiencing a paradigm shift involving how we power our vehicles which is admirable to say least considering the damage we have wreaked on the planet in the guise of non-renewable sources of energy.