The introduction of the electric vehicle will mean a substantial change in our society’s mobility models.
A recent study determined which factors influence the demand for electric vehicles. In addition, it was determined whether it is profitable for a person to acquire an electric vehicle versus a similar conventional one.
The market of electric vehicles is incipient and according to RITEVE data, for 2018 it represented only 0.6% of the total imported cars.
The savings generated by the use of the electric vehicle were compared with the amount of money that would have to be overpaid for it. Although this difference is around 4,000,000 colones, the savings generated by the use of the electric vehicle for 10 years are greater and therefore justify buying the electric vehicle instead of combustion. Additionally, and although they are not quantified in this analysis, society as a whole would also be enjoying benefits due to the lower pollution they generate.
Studies indicate that electric cars should begin to take control of most of the new car market in the 2030s and thus could become the only option for most families. Major oil companies and oil-producing states, except Norway, have said that this will not happen.
In other words, as a business strategy, the big oil companies are hoping that political leaders cannot meet the goals that were set to limit climate change, and the stock market seems to be on the same side. But on the roads of several countries, things are getting interesting. In fact they are getting so interesting that several countries – including Norway, Germany and the Netherlands – are talking, even tentatively, about the possibility of banning the sale of new cars that burn fuel. If this happens, these prohibitions are likely to take effect before 2030.
If you consider the connecting hybrids, there are more than 20 electric cars on the market. Worldwide sales are increasing at an accelerated pace: compared to the first quarter of 2015, they jumped 49 percent in the same period of 2016, according to EV Volumes, a global tracking database.
This profitability is greater the more kilometers you drive and also when people have access to the hourly electricity rate (only applies to customers of the National Force and Light Company). Other key elements that would facilitate the purchase of electric vehicles would be associated with bank financing conditions.
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The average distance of a gasoline-powered car is 764 kilometers versus the 305 kilometers of an electric car. The demand for electric vehicles (VE), which have emerged as a clean alternative to traditional vehicles, has increased in recent years. The global electric vehicle market is expected to grow at a substantial CAGR of 15.6% until 2022, driven by the growing popularity of electric vehicles in the Asia-Pacific countries (APAC) and Europe. The company also reveals that China will lead the global EV market with more than 50% share and will grow three times faster than the United States in the next five years.