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Recently, electric vehicles have started to appear everywhere, at the front rows of auto showrooms, in appealing TV commercials and smartphone ads, on the roads of many countries around the world, and this is just the beginning. By 2028, the market of electric vehicles is expected to reach $1.318 trillion in size.
In this article, we explore why major automakers will prioritize the production of electric vehicles in the coming years.
Electricity: The Global Auto Future
Electric cars will undoubtedly play an important role in the automotive industry's future. This is due to a global trend toward the usage of electricity, as well as the development of electric batteries to be used in the production of new models from different brands. This is the result of the following:
Legislation and Policies
Increased manufacturing of electric cars is mostly driven by government guidelines that internal combustion engines should be replaced with electric ones. Some governments provide incentives and reduced taxes to citizens who buy electric vehicles. Authorities have also made investments in research and development aimed at lowering the cost and raising the efficiency of electric vehicles.
Cost Savings on Running and Maintenance
According to studies, a person who purchases an electric car can save about 17,250 SAR over the course of ownership due to lower repair and maintenance costs when compared to cars with combustion engines.
Electric cars have fewer parts in general due to the lack of the typical engine and its parts, as well as the oil used in it, and it's important to remember that fuel prices will continue to rise in the future giving limited resources, making electric vehicles a smart option to get around without relying on fuel energy.
Carbon-Free Environment
Since the creation of the internal combustion engine, humans have been leaving a harmful carbon footprint that has led to pollution in recent years, resulting in global warming that we are all witnessing all over the world.
It is safe to say that hybrid and electric vehicles were an important turning point in automotive history, with electric cars alone responsible for a 40% decrease in emissions.
Reducing Driving Stress
Nowadays, people spend the majority of their day behind the wheel which causes a lot of stress and anxiety, but electric cars are designed to make the driving experience smoother and more comfortable; as it does not come with a transmission, which means accelerating and reaching top speeds without the usual problems found in other cars.
Several studies show that internal combustion engine noise can have many negative impacts, such as increased anxiety and high blood pressure, making quiet electric vehicles the ideal solution.
Technological Innovations
Brands are aware of the role that advanced technology plays in giving its productions a step ahead in the industry, adding different technologies primarily to entertain the driver and passengers, along with the latest driving assistance systems that make the driving experience easier and clear the way for autonomous driving, as well as utilizing technology to make charging faster and smarter.
Biggest Brands Switching to Electric Vehicles
If you follow the automotive news you are probably aware of the electrical shift that many major manufacturers are planning. Bentley, for example, is aiming to be a fully-electric brand by 2030, while other brands such as BMW are trying to find a balance between the electric cars trend and the traditional well-known internal combustion models.
Electric Cars in KSA: Now and Later
Investing in electric cars is an important step toward achieving sustainable transportation in line with the Saudi Vision 2030, noting the interest of authorities to invest a lot of money in international EV brands that could reach 50 billion dollars in the next 10 years. One of the most important indicators of the Kingdom’s leading role in the future of electric vehicles is the launch of the “CEER” brand which recently obtained a license to build its manufacturing facility over one million square meters of land in King Abdullah Economic City’s Industrial Valley.
Electric cars will have a promising future with luxurious productions that combine powerful and eco-friendly performance, stay up updated on all its news from, here.
