An Explosive Growth in Electric Cars

Electric Cars :- John Sibley commutes to his job in Times Square on weekdays by driving along NY-17 from his house north of New York City, eventually crossing the George Washington Bridge into Manhattan. He used to spend a lot of money on petrol for the 65-mile journey.

Then, over the winter, he purchased a used Chevrolet Bolt, an electric vehicle.

“I used to spend $100 per week on petrol, and now I pay $100 per month on electricity,” said Mr. Sibley, 47. “I’m the early adopter on a budget.”

Although the number of people driving electric cars has exploded over the past few years, he is just one of many in New York City and its surrounds. In the New York City metro area, there were around three electric vehicles per 1,000 persons in 2020(Excluding places in Connecticut, which didn’t submit statistics by county), the ratio has more than quadrupled to almost seven automobiles per 1,000 people now, based on data from the research firm Atlas Public Policy.(Excluding places in Connecticut, which didn’t submit statistics by county), the ratio has more than quadrupled to almost seven automobiles per 1,000 people now, based on data from the research firm Atlas Public Policy.

Electric Cars in the New York City Metro Region

Additionally, while the majority of the first electric vehicle purchases were made in affluent areas, over the past two years there has been an explosive growth in ownership in counties around the city with moderate incomes, including Orange County, New York, where sound engineer Mr. Sibley found his Bolt for $21,000.

Drivers in New York, New Jersey, and Connecticut are being encouraged to switch to electric vehicles by a number of reasons, including more diverse models—including trucks and SUVs—an increase in public charging stations, and large government subsidies. For the first time, certain electric automobiles are priced similarly to those of gas-powered vehicles, but without the petrol expenditure.

But, there is also reluctance. Concerns about the cars’ range are raised by certain drivers. The demand for electric vehicles is so high that it might be challenging to find one. However, although being more affordable, the average price of an electric car is still above $60,000.

The Rise of Electric Cars

Bulking Up: 

Generally speaking, electric cars are a better choice for the environment. Yet, as they become larger, the benefits they provide for the environment, safety, and reduced emissions start to disappear.

Tesla :

By the end of next year, Tesla will make some of its fast chargers, which were previously only available to its customers, available to all electric cars, according to the Biden administration.

Ford:

The Ford carmaker intends to invest $3.5 billion in the construction of an electric vehicle battery facility in Michigan, utilizing technology that was licensed from a Chinese firm that has grown to be one of the sector’s major competitors.

Costs Drop for Electric car:

Electric car sticker prices are approaching the level where they may compete with gasoline versions this year more swiftly than it appeared imaginable a few months ago.

The combustion engine is not in danger of going extinct anytime soon, according to Michelle Krebs, an executive analyst at Cox Automotive, a research and consultancy company. For the time being, electric cars are still uncommon on the road.

“We need electric vehicles that are cheap to the public, which will be a struggle because the cost of the minerals used in the batteries has risen in price,” Ms. Krebs said. Otherwise, electric vehicles won’t spread further in the future. “Longer-range electric vehicles are what we need. An extended network for electric car charging is required.