Many of the world’s top car manufacturers have been investing heavily in the development and manufacture of electric vehicles, and sowing the future fruits of these investments in EV technology. The fruits of these investments are yet to ripen, but there is plenty more to come, perhaps most notably from up-and-coming brands eyeing the electric vehicle as a chance to get into the auto industry.
As EV prices continue to tumble, more consumers will be able to take advantage of this opportunity and purchase an all-electric vehicle, making fossil fuel prices soar as oil prices remain high. If you think about it, the two markets combined make a huge profit for the auto manufacturers, but with so many more vehicles available in both fuel categories, that profit will only increase over time.
The Toyota Prius
One of the upcoming electric cars on the agenda is the Toyota Prius, which is set to hit the streets later this year. Already considered one of the most successful hybrid vehicle models ever made, the Prius is set to replace the Toyota Prius, currently sold as the Hybrid SUV, as well as the Honda Civic and Mazda 3. Will the Prius take over the top position in the EV race? The car’s all-electric drivetrain will have another advantage over its competitors, though, especially in regards to its gasoline mileage. The Prius will offer a claimed 95 miles of all-electric driving once equipped with the new EA Auto mode.
Ford is also getting into the act with its new Focus hatchback model. Unlike many previous Ford models, however, the upcoming electric car from Ford will have no passenger seating in the cabin. Instead, the Focus will have a rear-seat track bar and large battery pack installed in the trunk. As electric car technology continues to evolve, the Focus is set to ride along, learning along the way. Ford has already said it will offer a gasoline version of the hatchback.
BMW is also another manufacturer getting into the future of battery electric vehicles. Like Toyota, BMW is planning to offer an all-electric version of its lineup of sedans. Expect to see a production-line version of this car hitting the streets in the future. Similar to Bevo’s approach, expect these cars to use smaller battery packs to improve gas mileage.
General Motors is another company looking towards the future of battery electric vehicles. Like BMW and Bevo, GM is expecting to offer a production-line version of its line of vehicles. Though the automaker is yet to release specifics, it’s expected to offer its own version of an all-electric vehicle. An all-electric vehicle, like the newly-announced Chevrolet Volt, is expected to be more practical and fuel-efficient than its gasoline-powered competitors.
Honda is another one of the major players in the future of India’s future electric cars. The company has already released a concept car that it plans to launch in the market in early next decade. The company is also in talks with the government to develop its own version of an EV. Honda’s plan is to make its hybrid vehicles more efficient and build a manufacturing unit in India to produce it. India is a perfect place for Honda to develop its EV because it offers the country the opportunity to develop infrastructure at a cheaper cost.
The future of India’s automobile industry looks bright indeed. India is a great place for Bmw I3 and other future BMW models to be manufactured. With the automotive sector of India becoming more developed, it’s possible to expect more affordable cars in future.
If the government of India would invest in the auto industry, it would be able to increase the country’s economy by a significant percentage. More people would be able to use cars and more money would be able to be spent on fuel and maintenance.
According to the projections, there will be more than 20 million automobiles in India by the end of fiscal year ( FY) 2021. India is currently the largest automobile producer in the world. The government’s push for more electric cars would not only help in increasing the number of cars in the country but also improve air quality. It is believed that if the government were to introduce the latest technology in India, it could be responsible for saving more lives. The country’s air pollution problems are greatly caused by the increasing vehicle traffic. However, if all efforts such as the electric car project, the forthcoming merger between Bmw and Mahindra, and more stringent emission norms can be implemented, then air pollution may turn out to be a thing of the past for India.