It is very interesting to note that the use of electric vehicles is already growing very rapidly. This trend continues to grow because of two major reasons: that demand is growing and that the cost of fuel is steadily going up.
Demand for electric vehicles is growing because of a number of factors that have been defined above. Electric cars are projected to capture more than 25% of all commercial vehicle sales by the year 2020.
There is still room for the electric car business to expand. It’s just a matter of how long the roadblocks will be before the final piece of the puzzle comes into play.
Electric Cars Competition
There has been significant competition for the electric car industry. Until recently, the Chevy Volt was the undisputed leader in the small car segment. However, with the arrival of the all-electric Chevy Bolt, General Motors is now getting ready to put their nose to the ground and get in on the action as well.
In the early days of the industry, there were no real barriers for other brands to enter the fray. However, some significant delays in the global economic recovery and changes in the political climate have put some restrictions on the production of electric vehicles for sale.
The auto manufacturers have responded to this by offering incentives for buyers of their vehicles. This provides a competitive edge for the sales of the Chevy Bolt.
Comparison Between Electric Vehicles and Gasoline Fuel Car
These types of comparisons are very helpful to the consumer because they help him see how well the gasoline prices are matching up to the cost of fuel. Not only that, but they are also useful for the driver of an electric car as well. It allows them to know if they are spending more than they should for the price of gas and how much they are saving by not using conventional fuel.
Taking a comparative analysis of the cost of gas versus the cost of an electric car will allow the driver to make the decision that is best for them.
They should be comparing the gas mileage of a traditional fuel vehicle to the electric one and then the total cost of gas versus the savings that they could expect.
The important thing is to ensure that the cost of gas prices are matching the value of an electric car. Drivers should be comparing the costs of the vehicles to determine whether or not they are saving as much money as they need to.
Drivers who are considering the switch should be aware of this. Even though the cost of gas may be lower than before, it may still be too high for the long-term use of the vehicle.