Throughout modern times we have seen and witnessed many advancements of technologies. One of the major advancements in environmental-friendly technology we have seen include electric vehicles. Electric vehicles have brought us about many advantages, but there are reasons why electric vehicles should cost more than conventional gasoline cars.
Electric car sales have raised to 2 million dollars in 2016 after being almost non-existent in 2010. EV’s run on electricity, compared to conventional vehicles that use a gas or diesel-powered engine. These cars average around $1.14 per eGallon, compared to $3.65 a gallon for gas. Nevertheless they have a major obstacle when it comes to entering and doing well in today’s market due to the high price. Electric cars use different parts that cost more to produce, therefore the parts used to make the electric cars cause the price for the car to rise. Considering the cost for producing electric cars is so expensive, companies need to charge a high price in order to make a profit. This proves that the price for electric cars should be more expensive than gasoline powered vehicles because of the battery price, it’s a new market and the technological opportunities.
To create a battery that makes an electric car run there are many different components that need to be taken into consideration. The cost for electric car battery by itself takes up about 25%-50% of the electric vehicle price. The main component that contribute to the majority price
“We can break our dependence on oil…and become the first country to have one million electric vehicles on the road by 2015,” President Obama said in his January 2011 State of the Union address (Institute for Energy Research 1). While this may sound promising, the practicality and merit in achieving this goal remains unclear. Auto manufacturers have been working on plans for electric cars for years, especially the three largest companies in the US: Chevrolet, Chrysler, and Ford. These companies have been hoping that the development of electric cars would create a sort of lifestyle change for consumers, both weaning the U.S. off of its dependence on foreign oil and breathing life into the market for auto sales at the same time. Electric cars are often sold as zero emissions, but technically that is only true once they are charged and in terms of their tailpipe emissions. After all, they have to get their energy from somewhere and, more often than not, the electricity used for charging is supplied by traditional coal fired power plants. The real question then is whether the source and amount of energy required to build and supply an electric car with power is actually cleaner and more economical than a traditional combustion automobile. As it turns out, the answer is both unexpected and fairly complicated. In order to assess whether the use of
Electric cars impose a serious risk on the oil and gas industry. The extent by which this market succeeds reciprocally defines the extent by which the oil and gas industry deteriorates. As with all forms of technology, there comes a point in time where one form of technology no longer appears to be useful in comparison with an applicable alternative. The current inhibitors of electric car adoption are the price of batteries and vehicle performance. With that being said, battery prices dropped over 30% just last year and are expected to continue dropping. Projections estimate that 35% of cars will have a plug by 20401. However, even in the next few years, companies such as Tesla, Chevrolet, and Nissan plan to offer electric cars on the market at an affordable price. The question then becomes: when the oil and gas market will be displaced by the electric market? If both markets produce a vehicle of similar price and quality, then it is reasonable to assume that a customer will choose the option that is more eco-friendly. The moral issue still remains: should the vehicles of tomorrow be fueled by gasoline or are viable options readily available and acceptable?
The movement to electric vehicles has been a slow process. It has always been dictated by consumer desires, price, and practicality. There are predictions that the electric car market will reach 7% of total car sales by 2020, and there are some who think the market will be much bigger by then. We’ll see!
Experts believe battery packs need to reach a price of $100/kWh for EV growth to take off. When this battery price point is reached, the vehicles may be competitively priced against ICE cars without the need of tax credits or government incentives. Current top model EVs are priced between $30000-$40000 and the battery pack currently makes up ¼ of that price. Between 2010 and 2016, battery pack costs were reduced 77% from $1000/kWh to $227/kWh. Tesla has been producing packs for $190/kWh since early 2016 and expects a further 30% reduction once full operations begin at their Gigafactory – putting them on track to reach the $100/kWh price point before their credits run out in 2020. GM claims its 2017 Chevy Bolt battery cells will be made for $145/kWh (roughly $190/kWh at the pack level). Original Department of Energy targets were for $300/kwh by 2015 and $125/kwh by 2020, but many companies have been lowering costs at a faster pace annually than could have been expected. Companies are improving battery technology at rapid rates and it looks like many manufacturers will be below the price parity level before their tax credits phase out.
I strongly agree with the idea that electric car should cost less than gasoline cars to persuade buyer to try a new product. According to one of the study, out of more than one billion registered vehicles on the road today, only two million are using electric (with one million of those in China) (Leahy, 2017). The purpose of the electric cars is to provide a more environmental-friendly method of transportation, so for this to happen electric cars needs to be sold cheaper a bit.
"Electric Car The vast majority of vehicles on the use an oil based diesel or gasoline as a means of propulsion. Historically there was little incentive for any other fuel source beyond prototypes and laboratories but today that is rapidly changing. A recent rise in the price of oil combined with the threat of global climate change has motivated new research and new funding toward the commercial viability of cars and trucks, which use no oil to operate. Among the most promising alternative fuel vehicle is the electric car, which is rapidly transforming from a niche market to the mainstream.
Combustion engines produce greenhouse gasses that contribute to global warming. Electric vehicles produce a much lower amount of greenhouse gasses, making them much more environmentally friendly. According to the Union of Concerned Scientists, ”On average, battery electric vehicles (BEVs) representative of those sold today produce less than half the global warming emissions of comparable gasoline-powered vehicles”. However, recent studies conducted by the National Bureau of Economic Research suggest that electric cars may not be as environmentally clean as people believe
Cars are very important in our daily life and are very common. Most of cars out there right now are gasoline powered cars which many people would agree that it is harmful to our environment compared to electric cars which are not so common but are invented to reduce environmental issues. Comparing electric and gasoline cars, electric cars should cost more than gasoline cars, because of its high production cost; low maintenance cost, which can save owners more money in long term; and to maintain our economy stable, especially our oil market.
The battery of an electric vehicle must be improved in a way that will also reduce costs. We might be able to build a better battery for the electric car to make it more efficient and more appealing to consumers, but what is the point in building better batteries if they still cost a fortune? In the article, “How Improved Batteries Will Make Electric Vehicles Competitive” by Kevin Bullis who is a senior editor for MIT Technology Review, claims that some researchers believe the high costs is what deterring consumers from purchasing the electric car. That is where reducing the prices of batteries come into play. The electric cars that are currently available like the Chevrolet Volt costs about eight thousand dollars and the Nissan Leaf costs
The cost of preserving electric cars is lower than the cost of preserving cars fueled by conventional gasoline. The price of fuel varies a lot depending on the military and political situation in countries that provide oil. Even if we do not consider it, one month of driving a gasoline fueled car would cost you about $3,500. Given that you drive about 15,000 miles per year, and buy gasoline at $3.50 per gallon. Mean while, driving an electric car would cost you only $39 per month. Not even counting fuel costs, conventional vehicles call for transmission repairs, regular technical inspections, and so on (EVgo). There for people who want to save money on gas and maintenance electric cars is the way to go.
The Ford Model T, the world’s first mass produced car. It was a breakthrough in transportation. See, back then, everybody thought that we had unlimited fossil fuels such as gasoline. Then, more recently, scientists discovered that we did indeed have limited resources, they also started to notice the polluted emissions of cars. As the demand for more fuel efficient and more eco friendly cars rose, car companies such as GM, Toyota, as well Mitsubishi invested millions in developing fully electric cars. But, for this research, we will be using Tesla Motors as our model standard. Electric cars are now more popular than ever and now they have been mass produced long enough that we are now finally seeing their long term footprint on the environment, and the results are surprising. Electric cars don’t have an eco footprint as good as many people thought due to how they are produced, how they get their electric power as well as their recyclability-or lack thereof.
Abstract—In this modern era, many advancements in technology have been witnessed. Research and data collected around the world have allowed for these advancements to take place. This has allowed for a better understanding of the footprint humans leave on the environment. As a result, this has allowed for the planet to become eco-friendlier. An eco-friendly advancement in the 21st century is the electric vehicle. There are a plethora of benefits using electric vehicles. Some advantages include no emissions, cost-effective, and low maintenance.
With the quick advancements in technology during the past decades, electrical cars are now more efficient than ever. As of today, there are 3 types of vehicles – electric, combustion, and hybrid; I will be focusing mainly on full electric engines vs full combustion engines. While new combustion car technologies have already already been halted for many years, electrical cars in the other hand, is rapidly improving. To start off, lets compare the differences between these two, lists the pros and cons of an electric engine, and discuss the future of electric cars.
For many years, automakers have been attempting to design a viable electric vehicle. It has long been known that oil is a finite resource and with the demands for oil largely driven by America's demands, as well as the ever-increasing demands of other industrialized nations, both automakers and governments have long been desiring of a pollution-free alternative that does not rely on oil and gasoline to run.
As the Earth turns round and round, transportation is in evolution. From the first car in the world, Benz Patent-Motorwagen powered by a 670W internal combustion engine to today’s powerful supercars. But the thing that never change is that they always need to drink fossil fuels, until now. All of a sudden, many types of electric vehicles are showing up in dealerships. Different than the jokes in past, people are seriously considering if they need to buy one for lower emission tax, lower price to feed and more parking space. And even for the polar bear’s life, as many advertisements show. But electric vehicles are not ideally perfect, not as many advertisements show. They are expensive, they need a long time to be fully charged and they will put power plants in developing country working under much higher pressure. On top of that, pollution in battery production cannot be ignored.