Ribbon – The market share for EVs is also expected to rise greatly in the coming years. The best thing is that EVs also help reduce environmental pollution to a large extent.
Fremont, CA - At present, we are in the middle of the largest revolution in motoring since Henry Ford's first production line began turning back in 1913. And it is probably going to happen much more quickly than one can suppose now. Several industry observers believe we have already gone beyond the game-changing moment where sales of electric vehicles (EVs) will very swiftly overwhelm petrol and diesel cars.
The fact many governments around the globe are setting targets to ban the sale of petrol and diesel vehicles gives reason to the process. However, the end of the internal combustion engine unavoidable due to technological revolution. The EV market is around where the internet was around the late 1990s or early 2000s. In those days, there was a big rumble about this unfamiliar thing with computers talking to each other. For those who hadn't yet jumped on the bandwagon all appeared thrilling and intriguing but unimportant —people thought that how beneficial could communicating by computer really be? Ultimately, phones arrived! But the internet, like all flourishing new technologies, did not follow a linear path to world domination.
The concept is that innovations start gradually, of interest only to the very looniest. EVs are on the sloping bottom end of the sigmoid curve (an sigmoid or S-curve is a mathematical graph that depicts relevant cumulative data for a project—such as cost or man-hours—plotted against time).
The market share for EVs is also expected to rise greatly in the coming years. The best thing is that EVs also help reduce environmental pollution to a large extent. With improvements in the engines that drive electric vehicles, computers that govern them are also utilised to charge systems. But the sea-change in performance has largely been due to the improvements in the non-beating heart of the vehicles, the battery.