It is during the turn of the 21st century that the global automotive market and industry is beginning to change for the better thanks to the quest for technologies that promote transport in a sustainable manner. Leading this green revolution, or so people would like to think, are New Energy Vehicles – a generic name that includes electric, hybrid and hydrogen vehicles, all of which are fast changing the civilised transportation system as we know it.
Introduction
Introduction of NEVs has been a really big step forward in the, both, technical and political battle against global warming and air pollution. As internal combustion engines or gasoline cars are usually the main contributors of greenhouse gases and urban smog, it has been obvious that such conventional ways of transport cannot be relied upon forever. Such dramatic situations let the governments draw up such policies what has never been the case and offered benefits and simply poured money in order to promote the use of NEVs.
The Benefits of NEVs
NEVs have the most boon in environmental performance. It is quite clear that electric motors driven by batteries or hydrogen-powered fuel cells have vent pipes with absolutely no emission. This made the cities quiet and free from air and noise pollution. In addition, as more solar or wind power plants are being constructed, the electricity used to charge the vehicles is getting cleaner, thus adding on to the benefits gained by usage of these vehicles.
Economic advantages too are of notable good. Although the initial cost of acquiring NEVs exceeds that of the local mode of transport, the costs incurred from maintenance and fuel expenses and the government’s provision of subsidies on electric vehicles is beneficial in the long term. With nappies on efficient batteries and growth in production, the margins will definitely narrow even more.
Technological Advancements
The aggressive increase of new energy vehicles is brought about by the constant change in technology. One of the areas that have advanced is battery technology in terms of energy density, range, and speed of charging all of which have reduced range anxiety, an issue that most would-be EV buyers worry about and made EVs more usable.
In addition, the emergence of rapid charging infrastructure as well as the application of vehicle to grid (V2G) technology bodes well for the energy industry. The significant advantages of V2G include the ability for EVs to perform like a grid-connected storage system, harnessing energy from the grid during non-peak hours and dispatching energy during peak hours, thereby increasing the grid reliability and supporting the circular economy in this new energy era.
Problems and Measures
Reasonable efforts of all stakeholders have been demonstrated in overcoming the current challenges of NEVs adoption. The charging infrastructure especially in terms of geographical coverage remains a black hole. It is essential that public and private sectors appeal to different stakeholders so as to fast track the process of placing charging stations, employing modern technologies such as mobile charging stations and solar panels.
Disposal and recycling of EV batteries is yet another headache due to the toxicity of some constituents while some are required for subsequent battery production. Construction of efficient battery recycling systems and rewarding brand owners who innovate recycle friendly batteries are some of the essential measures that need to be taken to reduce waste and save cost.
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