Electric Cars Essay

Today, electric cars are relatively rare in the automotive market and they are traditionally perceived as exclusive and unpractical cars rather than conventional cars for the everyday use by mass customers. In such a situation, the question concerning the viability of the electric car market emerges. Nevertheless, in spite of seeming low competitiveness and low viability of electric cars in the contemporary market, their prospects are quite good and electric cars are viable because the demands on such cars is likely to grow in the future.

The main reason for seeming low viability of electric cars are technical features of contemporary electric cars that discourage many customers from buying them. First, customers are concerned with the low mileage of such cars because they need frequent recharges. Otherwise, they will simply stop and become immobile. As a rule, the average electric car can cover 100-200 miles before recharge is needed. This is consistently lower mileage compared to conventional cars that use fossil fuel. In addition, the battery life is another issue because customers are concerned with the average battery life which is relatively shot, but what makes customers really concerned with the battery life of electric cars is the price of the battery itself (Sanna, 2005). At the moment, the battery price is high. Moreover, electric cars are more expensive compared to conventional cars. At this point, many customers prefer conventional spacious cars to electric cars which are often of a small size and limited comfort. The latter is the result of designers’ attempt to minimize the power consumption by their electric cars.

However, in spite of these obvious challenges, the electric car market is definitely viable. In this regard, there are several factors that contribute to the electric car market viability. First, younger customers grow more concerned with their environmental footprint and attempt to minimize their negative impact on their environment, while greenhouse gas emissions from conventional cars are among the major factors of the environment pollution, especially air pollution. Second, technologies are progressing fast and new electric cars become more and more competitive compared to conventional cars (DasGupta, et al., 2005). Their mileage increases and so do costs of production. Therefore, electric car manufacturers can offer their products at more competitive price compared to conventional car manufacturers. In addition, costs of maintenance of electric cars may become lower compared to conventional cars because they do not need such maintenance services as conventional cars need, for example, regular motor oil change. In such a way, costs of maintenance of electric cars turn out to be quite competitive and attractive for customers.

Furthermore, the important issue is the costs of fuel that is strategically important for conventional cars and viability of electric cars. Unlike conventional cars, electric cars use electricity as the source of power. Conventional cars use gas or diesel as the source of power which are oil products. However, oil as well as natural gas that may be also used by conventional cars are scarce resources and they will run out one day. In such a situation, there will be just a few alternatives to electric cars which use electricity, while electricity may be generated not only by fossil fuels but also by alternative sources of energy like solar or wind power. This is the strategic advantage that makes electric cars viable and prospective.

Thus, electric cars are viable and the electric car market will progress in the future to the extent that they may even replace conventional cars and become mainstream cars in a long-run perspective.

References:

Sanna, L. (2005). Driving the Solution: the Plug-in Hybrid Vehicle, EPRI Journal, 8-17.

DasGupta, S. et al. (2005). A Long Range, Ultra-Safe, Low Cost Electric Vehicle. Retrieved from <http://bioage.typepad.com/greencarcongress/docs/Electrovaya%20EVS21%20Paper.pdf>

The terms offer and acceptance. (2016, May 17). Retrieved from

[Accessed: February 4, 2023]

"The terms offer and acceptance." freeessays.club, 17 May 2016.

[Accessed: February 4, 2023]

freeessays.club (2016) The terms offer and acceptance [Online].
Available at:

[Accessed: February 4, 2023]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: February 4, 2023]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: February 4, 2023]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: February 4, 2023]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: February 4, 2023]
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