Nowadays, outstanding improvement in electric cars may put battery-powered automotive in the streets of America in the coming years. The technology that is fueling the conversion could send shares of the automotive sector significantly high in the near future.
Electric automotive is not a new concept, and it has been more than a century that EV has transformed everything. In the year 1990, General Motors made the initial effort to create a futuristic-looking and commercially viable electric automotive. This was perhaps the primary step in the automobile world.
The electric vehicle came as a result of a directive from the Air Force Resources Board, California, which required top automakers to manufacture a specific quota of zero-emission autos in California. To sell its automobiles in the most populous state of the country, General Motors decided to bring a futuristic electric vehicle in the market. In doing so, the auto manufacturing company created a new car that surprised auto enthusiasts, journalists, and even GM by generating huge admiration.
These electric cars were not available for sale, and people could only lease them. After the completion of the program, it all came down to money. While the vehicle was a significant achievement, it proved to be less of a monetary win. Higher battery costs, shorter battery life, and a wide range of limitations were responsible for the disappearance of electric cars.
Despite the shortcomings of electric powered autos of the 1990s, there are some considerable advantages to electrical automobiles. Maintenance costs are considerably low for electric cars.
With radically fewer components on electric cars, the mechanicals on them are subject to comparatively less than traditional internal combustion driven vehicles. The overall prices are somewhat higher for electric powered automobiles. However, operating an electric coupé is more cost-effective than conventional cars as the prices of fuel have risen manifold over the last few years.