20 September, 2018

Are electric cars the future or a future fad?

There has been a lot in the press and mainstream media about the damaging effects of petrol and diesel engines and the benefits of using electric vehicles, but are they the future?

CompareNewTyres.com founder Nicholas Smith had this to say "Although using electric motors in cars isn't anything new, the pace at which electric engines are increasingly used in cars is probably one of the most significant developments of the car in over 100 years. But we asked the question, Are electric cars the future of motoring or are manufacturers jumping on the band wagon without exploring new or existing technologies which may better suit automotive market?

We see the benefits to using electric, but at the moment battery technology isn't quite there, electric vehicles are not currently anywhere near as convenient as petrol and diesel engines and when you add that to the environmental concerns around how the electric is produced and what happens to the batteries at the end of their life, their overall green footprint doesn't look so clean. However we're open minded and if we look at the rate of development in the past decade, we're clearly not too far away from the day when batteries could replace diesel and petrol engines. 

Ours is just one opinion though, so we reached out to a couple of industry experts to get their opinions, here's what they had to say".

Electric cars will never 100% replace combustion engines

"Electric cars will never 100% replace combustion and diesel compression engines. The reasoning is the grid has not been updated since the early to mid 1900s, the infrastructure for charging stations is cost prohibitive, consumers are impatient, and limited supply of rare earth minerals such as cobalt and neodymium.

The future will include options of propulsion: gasoline, bio-diesel, CNG, hydrogen and electric."

Contribution by : Lauren Fix, The Car Coach (www.laurenfix.com)

A mixture of fully electric and PHEVs by 2030

"I believe that by 2030 that 50%+ of cars sold will be full-electric with the remaining 50% made up of PHEV's. i think 100% of buses sold will be full-electric. in fact, in Norway they believe that 100% of vehicles sold by 2025 will be all-electric. this is supported by a government top-down commitment which includes forgoing taxation on those vehicles and discounts on services.  See this - https://www.theguardian.com/money/2018/jul/02/norway-electric-cars-subsidies-fossil-fuel "

Contribution by : Nikolas Badminton, Futurist (www.nikolasbadminton.com)

Electric cars are the future

“For many reasons, electric cars are the future. Take a look at the operating costs. Gasoline prices average about $2.82 per gallon in the U.S. According to the Department of Energy, the equivalent cost of an eGallon is $1.20. So you would spend less than half as much on your electric vehicle. Plus, most don’t require the same maintenance – no oil changes. And in many cases, electric vehicles are cheaper to insure. Yes, the upfront cost of an electric vehicle is higher. But 2018 sales are up considerably over 2017. You can check the numbers out at  insideevs.com.”

Contribution by : Arthur Murray, Managing Editor of ChooseEnergy.com (www.chooseenergy.com)

The future is electric, but ownership is not

"I think electric cars are the future. You only have to look at the legislative agenda, infrastructure investment and uptake rate to see that the future is electric. 

However, I don’t think that we’ll all have our own electric car in the next twenty or thirty years. In fact, I don’t think we will have any cars of our own in twenty or thirty years. As soon as cars can drive themselves, it just doesn’t make sense to own one when you’re only using it for five percent of the time."

Contribution by : Will Craig, CEO of LeaseFetcher.co.uk (www.leasefetcher.co.uk)

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