The Economic Aspects of Electric Vehicles

By Prince Kumar

Are Electric Vehicles unsuccessful???

No, only Electric Cars haven’t been that much successful.

Present Time Electric Vehicles

● Electric cars come as first example of Electric Vehicles in our mind.

● E-Rickshaws have been quite a success in India and are used in many cities.

● Electric Engines have been proven as more efficient and economical than diesel ones.

● The Space Vehicles (satellites, rovers, spacecrafts) also use electricity.

Advantages and Disadvantages of Electric Vehicles

Advantages:

∎ Lesser Air and Noise Pollution

∎ Provide higher torque and don’t need multiple gears.

∎ Mechanically very simple and often achieve 90% energy efficiency over the full range of speeds and power output.

∎ Lesser maintenance and running costs.

Disadvantages:

● Electricity used by EVs are generated through non-renewable sources.

● Charging time for EVs is much more than refuelling time.

● Cost and carbon emission to manufacture EVs are more than traditional vehicles.

● Separate infrastructure is required.● Risk of fire if Lithium ion batteries of

Electric Cars are overcharged.

Electric Vehicles vs Gasoline Vehicles

Future:∎ Cars like Nissan Leaf and Tesla Model S have proved that Electric Cars too can be successful.

∎ The EVs have been proved to be useful in Public Transportation Systems and Space Vehicles.

∎ Increasing fossil fuel prices specify a need for EVs.

∎ Improvements in technology will improve various concerns related to EVs.

∎ Several countries are promoting Electric Cars by establishing various grants and tax credits for purchase of new electric cars.

Rimac Concept One Car and MAGLEV Train

Electric Vehicles are the future of the world...

Thank You