
“The Future is Electric” this phrase is nowadays commonly heard by every individual. Recently, General Motors has changed its logo to promote electrification likewise Jaguar has announced to go electric by 2025. Trump’s exist and change of an era with Biden’s Administration promotes the use of EV. This shows soon gasoline-powered vehicles will vanish from the streets.
The major start-ups are investing in EVs and the production of long-range batteries. There are investors line-up in Wall Street offering advanced technology in EVs. Other automakers are planning to invest in EVs in the coming years.
Tesla is the leader in the EV market selling improvised and refined technology. Tesla has introduced full-self driving, Autopilot, Dog mode, and more to enhance the driving experience. The major problem arises as acquiring EVs are expensive and yet there are not many charging stations as compared to fuel pumps.
There are some buyers whose financial position won’t allow them to invest in the EVs which means gasoline vehicles are going to stay for longer. The evolution of EV is coming but requires quite a few years to build the infrastructure for feasible driving. This means EV will come but it won’t much affect the gasoline vehicles.
Factors affecting the EV’s purchase in the United States
Price of EV’s
Price is one of the most important and crucial factors that affect the purchase. The pandemic has majorly affected the financial situation of buyers across the world. We have seen the price offered by Tesla for Model S and X is quite higher than Toyota Prius or other EVs.
General Motors has recently decided to invest in lithium-metal batteries to introduce affordable EVs. The initiation of affordable will require time and meanwhile, people will have the option to buy a vehicle with a five or six-figure range. The automakers are finding ways to reduce the cost of manufacturing batteries to make them more customer-friendly and easily eliminate the gasoline cars for sale in the market.
See more that why EV's are cost saving at https://allcarsales.com/gasoline-vs-electric-vehicle/