Time to Embrace Electric Vehicles' as Our Priority
By: Muhammad Ahmad
One of many adverse effects of COVID-19 pandemic is abrupt hike in oil prices
globally. According to Stastica, crude oil prices hit their highest on October 25th, 2021 since
2014. World Bank has predicted fluctuations in oil and gas prices during upcoming years.
|Oil Producing Company
|Price on April28 (US$/barrel)
|Price on October25 ( US$/barrel)
As a result, petrol-fuelled cars are becoming increasingly unaffordable. Furthermore, world leaders are unanimously working to cut off carbon emissions to combat global warming. According to World Bank, automobiles account for 23% of global CO2 emission and consume 64% of global oil supply. Persisting with use of petroleum-fuelled vehicles not only exacerbate air pollution, but also deplete fossil fuel reserves. Therefore, adopting EV’s is a pressing requirement for a sustainable future.
Having their internal combustion engines substituted by an electric motor, electric automobiles are one of the most momentous steps in achieving zero carbon emission. One of the long-term impacts of EV’s is the normalization of Earth’s climate. Even in their initial advent on the roads, EV’s have shown great efficiency. Australian Bureau of Statistics says that per unit capital, EV drivers have covered greater mileage than drivers of petrol vehicles in 2020. Low cost of electricity accompanied by remarkable efficiency make EV’s economically feasible.
As they are totally powered by electrical power, EV’s reduce the dependence on fossil fuels as automobiles are the most major oil consumers. As a result, fossil fuels may last for a longer period beneath the Earth. Furthermore, electric vehicles are much safer than fuel containing cars as the risk of fire accidents is eliminated. Average maintenance cost for an EV is relatively less as they are sophistically designed.
Even though EV’s are becoming increasingly popular, still many people are sceptical of their benefits. Lack of charging stations is the most significant barrier. Unlike petrol refuelling stations, EV charging stations are a rare sight along most of the roads. Average recharging time for EV is approximately 10 hours, making them really time-investing. Although they can prove to be cheaper in the longer run, buying an EV can cost you an arm and a leg. Cobalt and lithium needed for batteries are rare resources and quite difficult to extract. A flawless electricity supply system is also a prerequisite for successful advent of EV’s.
Reaction of general population has been welcoming for EV’s. International Energy Agency says that sales of electric cars soared by 140% in first quarter of 2021. Governments should encourage people to prefer EV’s over conventional fuel cars by providing subsidies on purchasing electric cars. Favourable policies should be devised for investors to boost EV production. If we want to breathe in air as pure as the nature originally gifted us, EV’s should completely substitute cars with internal combustion engines. Automobiles powered by hydrogen fuel cells and cleaner fuels obtained from domestic waste can also support the transition towards a sustainable future.