Is The evolution of EVs is still in its infancy stage and 5 key advancements needed

• July 2023
• Grant Furlane, LocoMobi World

The evolution of electric vehicles (EVs) has come a long way in recent years. However, it is still fair to say that the technology is in its infancy stage. While EVs have been around for a while, they have only recently started to gain mainstream attention. The initial models were expensive, had limited range, and were not practical for most people. However, advancements in technology have made EVs more affordable, with longer ranges and faster charging times.

Despite these advancements, there are still some challenges that need to be addressed before EVs become the norm. One of the biggest challenges is the lack of charging infrastructure. While there are more charging stations available than there were a few years ago, there are still not enough to support the growing number of EVs on the road. This can make it difficult for EV owners to travel long distances without worrying about running out of charge.

Another challenge is the cost of EVs. While prices have come down in recent years, they are still more expensive than traditional gas-powered vehicles. This can make it difficult for people who are on a tight budget to justify the cost of an EV. However, as technology continues to improve and production costs decrease, it is expected that the price of EVs will continue to fall.

Despite these challenges, there are many reasons to be optimistic about the future of EVs. They are much better for the environment than traditional gas-powered vehicles, producing zero emissions and reducing our dependence on fossil fuels. They are also cheaper to operate in the long run, as electricity is generally cheaper than gasoline. As more people become aware of these benefits, the demand for EVs will likely continue to grow.

While the evolution of EVs has come a long way in recent years, there is still much work to be done before they become the norm. However, with advancements in technology and a growing awareness of the benefits of EVs, we will likely see continued growth in this industry in the years to come.

What 5 key advancements will assist in EV growth?

The growth of electric vehicles (EVs) is inevitable as the world moves towards a more sustainable future. However, there are still some challenges that need to be addressed to ensure that EVs become the norm. Here are five key advancements that will assist in the growth of EVs:

1. Battery technology: The biggest challenge facing EVs is range anxiety. To overcome this, battery technology needs to improve to offer longer ranges and faster charging times. The development of solid-state batteries will be a game-changer for the industry as they offer higher energy density and faster charging times.
2. Charging infrastructure: As more people switch to EVs, there needs to be a reliable and convenient charging infrastructure in place. Governments and private companies need to work together to invest in charging stations, both at home and in public places like malls and parking lots.
3. Cost: The cost of EVs needs to come down to make them more accessible to the general public. This can be achieved through government incentives and subsidies, as well as advancements in manufacturing processes.
4. Consumer education: Many people are still hesitant to switch to EVs due to a lack of knowledge about the technology and how it works. Consumer education campaigns can help dispel myths and raise awareness about the benefits of EVs.
5. Policy support: Governments need to provide policy support for the growth of EVs. This can include tax incentives, rebates, and regulations that encourage the adoption of EVs and discourage the use of fossil fuels.

In conclusion, the growth of EVs will require a collaborative effort from all stakeholders, including governments, private companies, and consumers. By addressing these key advancements, we can ensure that EVs become the norm and contribute towards a more sustainable future.

Locomobi World has made huge contributions to the EV world by adding “Smart features that allow the vehicle to be the “passport” to the city and your Mobile wallet as travel throughout your daily journey. The vehicle is the wallet and there is no need to retrieve your wallet for credit cards or phone. This allows a friction-free drive throughout the city. This may include drive-thru, curbside, parking, and toll lanes. The applications are limitless.

The exciting news is that ICE cars can be part of this infrastructure with a mini smart computer provided by Locomobi World ….