How Vehicle Technology is Building a More Sustainable Future | Amigo MGA

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10/25/21, 3:31 PM

How Vehicle Technology is Building a More Sustainable Future | Amigo MGA General Insurance

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How Vehicle Technology is Building a More Sustainable Future October 25, 2021 by Amigo MGA (Edit)

The race to create a sustainable car has been ongoing for decades – and it doesn’t look like it will be ending anytime soon. The desire to develop the subsequent functioning yet highly sustainable vehicle has increased right alongside the demand. Lately, most auto manufacturers have put their attention towards electric vehicles. Given that electricity is a renewable energy source, this makes complete sense. Yet, it is not the only tactic that manufacturers are considering. Electric Vehicles Electric and vehicles, also known as EVs, are growing exponentially common these days. This is partially due to the government incentives available across the globe. Currently, the EV market is expected to grow at a CAGR exceeding twenty-one percent between 2019 and 2030. Despite the rising demand, a few problems are facing electric vehicles. For one thing, there is currently no standard among charging stations. While that may be a tolerable problem for smaller techs such as phones, it does not govern longevity for something as significant as a car. CharIN is one of several companies trying to encourage universal standards for charging, but it will take time. Another focus for further developing EVs is the battery itself. This is the new heart of a car, where all of the power is stored. Currently, EVs depend on lithium-ion batteries, which means factors such as temperature and over-changing are legitimate concerns. Battery Second Life As mentioned above, finding greener solutions to deal with batteries is a must. One short-term solution, pushed by Analog Devices, is to repurpose spent batteries. Contrary to popular belief, batteries that have worn out from powering cars all day still have a bit of power in them. It isn’t enough to power a vehicle, but amigomga-insurance.net/how-vehicle-technology-is-building-a-more-sustainable-future/

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10/25/21, 3:31 PM

How Vehicle Technology is Building a More Sustainable Future | Amigo MGA General Insurance

it is enough to provide a bit of electricity to those that don’t have it. Suddenly, that otherwise wasted energy can be used to provide cooking fuel to those that need it most.

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BLOG Green Tires Believe it or not, greener tires are another consideration when it comes to making more sustainable cars. Rubber is not a sustainable product, so creating cars based entirely on this material is not practical or eco-friendly. However, finding an alternative to rubber has become quite a challenge. Instead, companies are trying to find other ways to offset their carbon footprint. Time will tell which solution wins out. Filed Under: Amigo MGA, Auto Insurance Tagged With: Alan Rasof, Amigo, Amigo MGA, auto insurance, autoinsurance, best practices, blockchain, blockchain data, car insurance, deductible, employee benefits, general insurance, gig economy, insurance, insurance policies, insurance tech, personal insurance, self-driving cars, Sustainability

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How Vehicle Technology is Building a More Sustainable Future | Amigo MGA General Insurance

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