The Ultimate Guide to Electric Vehicles and Smart Charging EVs are all the rage these days. Major automobile manufacturers world over are coming out with new EVs. They have also set commitments towards a partial or complete switch to EV production in the coming years. But what exactly are Electric Vehicles? What are the various types of charging? What is DC Charging and AC Charging? Why are there so many charging standards? This article has got all your EV related burning questions covered.
How are EVs different from Internal Combustion EngineICE (Petrol/Diesel) Vehicles? Did you know that EVs are older than ICE vehicles? Gustave Trouve introduced the
world’s first Electric Car in 1881. This was before Karl Benz invented the first gas-fueled car in 1885 or the Ford Model T came out in 1908. But the early electric cars didn’t catch up because of the high cost, low top speed and short range of batteries.
Fast forward to the 21st century, thanks to innovators like Tesla, Electric vehicles are having their moment in the sun again. Research shows that the price of Electric cars is going to be comparable to fossil fuel cars as early as 2024. Not only are EVs going to be cheaper, they are also easy on the planet and energy-efficient.
Total Cost of Ownership (TCO) Another major aspect to check when you compare EVs against ICE vehicles is the Total Cost of Ownership. While calculating the total cost of ownership of an EV vs ICE
Vehicle, the factors considered are
Capital costs: Vehicle purchase cost, discount rate, financial incentives applicable, resale value etc.
Operational costs: Fuel/electricity, maintenance cost etc. To calculate the cost, take the same vehicle holding period, average s driven per day, and the number of operational days in a year.
TCO for Electric two & three-wheelers and commercial four-wheelers are already lower than their gas-fueled counterparts. Four-wheelers for personal use will be economically viable soon, given the frequent increases in fossil fuel prices and the reduction in EV battery price. Read more: https://semaconnect.in/2021/07/ultimate-guide-to-electric-vehicles-andsmart-charging/