Electric Vehicles (EVs) Are Changing the Auto Industry

With new EV models gaining traction and expanding charging networks, electric vehicles (EVs) are poised to transform the auto industry and accelerate global decarbonization. McKinsey research shows that worldwide EV demand is set to increase sixfold from 2021 through 2030.URL:ev.com

Electric motors, powered by electricity stored in a battery pack, turn the wheels of an EV, propelling it forward. Compared to conventional internal combustion engines, electrical powertrains are simpler, more reliable and less expensive per mile.

Overcoming Range Anxiety: Strategies for Maximizing the Range of Your EV

Many EV buyers prioritize battery longevity and durability when making a purchase decision. They also care about a vehicle’s performance and handling, branding and design, and cost. And they want to know that their EV is safe and environmentally responsible.

As battery technology continues to improve, EVs are rapidly becoming more affordable and practical for consumers to own. Some are now able to achieve real-world EPA ranges of 300 miles or more — enough for a week of commuting and a road trip without needing to stop at gas stations.

Several EV makers are pushing to raise the bar even higher, with the likes of Tesla’s Model 3 sedan and Model Y SUV offering exceptional balance, broad appeal, and, thanks to full qualification for federal EV tax credits, one of the best values in the market for those making the transition. And as CATL unveils a 620-mile LFP battery and Xiaomi gets 75,000 preorders for its SU7 EV, the competition is heating up.

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