“This will be the decade of the electric car” is something that we’ve been hearing for at least a couple of decades now. Even more if you consider some of the bolder predictions of the past. And yet, it does seem like technology in this sector has finally progressed to the point where widespread adoption on the consumer market doesn’t seem that far-fetched. What do the next few years hold in store for the auto market, and are we finally going to see the rise of the electric car?
The Popularity of Electric Cars Is Higher Than Ever
Electric cars are already enjoying a pretty good reputation in many parts of the world, and the number of people interested in buying one for themselves is constantly climbing. We’re seeing aggressive marketing in some areas, and legislation is finally moving in the right direction as well. This used to be a major issue in the past, but politicians have finally started to take notice of the importance of electric cars in our future.
Climate Talks Have Ramped Up Over the Last Decade
Part of the reason why electric cars are so popular now is due to the rising concerns about climate change on the global floor. More and more discussions are being held regarding our impact on the environment, and many people have started to realize that we need to make some drastic changes going forward. Transitioning to all-electric vehicles is without doubt one of the biggest steps we could take in this direction, which is why this corner of the auto market has seen such steady growth over the last decade.
Pretty Much All Downsides Are Now Resolved
Electric cars used to be associated with a number of downsides, but these are pretty much all in the past at this point. In fact, some of the advantages of electric cars now make them a more attractive option than traditional gasoline-powered ones. Compare.com has done a pretty good analysis of the current situation, taking some of the most notable features of electric cars into account and drawing a good comparison between them and gasoline models. It looks like electric cars are winning in various aspects already. For a more in-depth look, check out this guide to the advantages of electric cars.
Big Companies Are Joining the Trend Too
Tesla used to be a bit of an outlier in this market, while other auto manufacturers were observing the situation with a cautious patience. But at this point, pretty much all major manufacturers have either announced their intention to enter the market in the near future, or have even revealed their own electric models already. It’s going to take a while before the dust settles and the EV market stabilizes, but the situation could be very beneficial for the average consumer until then, as they’ll be able to take advantage of great offers and strong competition.
Adoption of EV Infrastructure Is Growing
Another obstacle that used to be in the way of electric vehicle adoption was the lacking infrastructure in some parts of the world. In fact, other than the USA, most other countries used to be woefully unprepared for the introduction of electric vehicles. That’s no longer the case though. Europe has been going through some major transformations in this regard, with many of its countries adopting the new trend and preparing their roads and electric infrastructure accordingly. Asia is also seeing some major transformations in this regard. It’s only a matter of time now until the whole world is properly outfitted to support the rise of electric vehicles.
Is the Next Decade Going to Be the Big Turning Point?
With all that in mind, the big question that remains is whether this is finally going to be the “big decade”. Many signs are pointing to “yes” at this point, unlike previous decades where these developments were still on the horizon, but have not quite materialized yet. If current infrastructure development trends continue with full force, we’re likely going to see adoption rates climbing very fast in the next few years. New laws can also promote the faster introduction of electric cars and motivate more people to invest in one themselves.
So, if you’re wondering about investing in an electric car yourself, you’re probably in the perfect time for that. The world is readier than ever to accept the introduction of these vehicles, and many people are showing active interest in the field as well. It will be interesting to see how the next few years play out, and whether we might face any unexpected new challenges that will have to be resolved first. But so far, it doesn’t look that way. Many experts in the field have huge expectations for the near future of the auto industry, and electric cars are at the forefront of those predictions – so let’s see if they will play out.
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