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The Past, Present and Future of the Electric Car Market

The Growing Electric Car Market
Photo by David von Diemar on Unsplash

In recent years, the electric car market has been growing exponentially. With all these car companies revealing their new electric cars, such as the new Porsche Taycon, Tesla Cyber truck, and the upcoming 2021 Audi E-Tron, it’s hard to keep track. In this modern world, many might assume that electric cars are new technology. However, that isn’t the case.

 

History of electric cars

Electric cars have been around since the beginning of automobiles. There isn’t a specific place or inventor responsible for the invention. Many inventors throughout the early 1800s developed the electric car over time. However, it wasn’t until the 1870s and later that electric cars became practical. In 1890, William Morrison brought the first electric vehicle to the U.S. By the 1900s, electric vehicles consisted of more than a quarter of the car market. It was mostly popular among women because it was quiet, easy to start, and didn’t produce smoke or smelly fumes. Even Henry Ford explored the option to create a low-cost electric car. Ironically, it was also Ford’s cheap, gas-powered Model T that ultimately dealt a blow to the future of electric vehicles. Gas-powered vehicles were simply cheaper and more efficient. Electric cars have been trying to catch up since.

 

Electric car technology today

What’s incredible about electric cars today is that technology advanced enough to be a competitor with gas-powered cars. Electric cars are able to travel very long distances on one charge. The average electric car today can travel 200 to 400 miles on a single charge. Lucid Motors, which also is looking to break into the electric vehicle market with its new 2021 Air sedan, has a range of more than 500 miles on one charge. Tesla has a new Tesla Roadster concept, which is speculating to have a range of 620 miles. With each passing year, technology becomes better, and the competition becomes more fierce. This is a good sign because competition will eventually make electric cars more affordable.

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