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Long before electric cars became EV's mainstream transport



Electric mobility can grow rapidly in the world, but it may take some time for e-cars to go mainstream.

Of more than 5.1 million electric vehicles on the roads globally, almost two million electric vehicles were sold in China, Europe and the United States last year. The International Energy Agency aims to increase the share of electric vehicles globally to 30% by 2030.

Chinese automakers Beijing Electric Vehicle and BYD, U.S. Electric car manufacturer Tesla and Japan's Nissan were the best manufacturers. Together, they produced about 560,000 of the world's entire electric cars.

Still, this represents less than 1

% of the one billion vehicles currently driven, according to BloombergNEF statistics for Outlook Electric Electric Vehicle in 2019.

Doling out incentives

As greater emphasis is placed on reducing carbon emissions, gives more countries incentives to build integrated infrastructure, and to encourage drivers to switch to electric vehicles.

Norway offers tax exemptions for electric car buyers – and 46% of the cars in the country are electric. Shenzhen, China is one of the few cities equipped with a fleet of fully electric buses. Others like the United States and India have set goals to help their countries stay on track for a carbon-free vehicle industry.

"In countries around the world where there is a huge commitment to the environment, the city of Subodh Mhaisalkar, executive director of the Energy Research Institute at Nanyang Technological University in Singapore, told CNBC.

It's not just cars and buses Other forms of electric transport, such as motorcycles, ships and tuk-tuks – or Thai rickshaws, are also emerging.

However, we can still be far from reducing our carbon footprint, especially since 38% of the world's electricity

As more electric vehicles and charging stations are built, demand for electricity will also increase, according to estimates by BloombergNEF, electric vehicles will increase global electricity consumption by 6.8% by 2040.

Challenges for electric car manufacturers

That's not the only dilemma in the industry.

Harley-Davidson joins a growing list of watches creators struggling to find a foothold.

British appliance manufacturer Dyson, known for household products such as vacuum cleaners and bladeless fans, completed its electric car project in October.

Days later, Harley-Davidson stopped production of the fully electric motorcycle, known as LiveWire. The decision came after a problem with the charging mechanism was discovered, barely a year after the debut of the motorcycle.

Still, economic and technological difficulties can make it difficult for these traditional companies to get into the electrical industry.

The future may be in heaven

Despite such challenges, there are more and more players and improved technologies every day.

The electric car market has paved the way for technological advances in the sky as well.

Volocopter, in collaboration with helipad developer Skyports, aims to develop a commercial aviation taxi service in Singapore.

"We are absolutely convinced that it will be a meaningful way to move around cities," Duncan Walker, co-founder of Skyports told CNBC. "We are very much looking at this as an integral part of the transport network."

It will take time to disrupt the multi-billion dollar automotive industry, but more and more countries are starting to develop standard electrical infrastructure models.

can be a long way more before electric vehicles finally go mainstream.


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