Why all the fuss about Electric Vehicles

globalintelhub's Photo
by globalintelhub
Tuesday, Jan 03, 2023 - 14:55

Global Intel Hub -- Charlotte, NC -- 1/3/2023 -- Are electric vehicles (EVs) really the wave of the future? Some say that EVs are overhyped and that they'll never live up to the hype. Others believe that EVs are the way of the future and that we need to start making the switch now. So, what's all the fuss about EVs? Let's take a closer look.

Our thought is that, if billions are being spent, there must be a 'there' there - whatever the technology, program, or incentive, big money doesn't throw it down the toilet.  Or to use another example, Elon Musk could have chosen to go into any number of other businesses other than Tesla.  He saw the opportunity, with the designers who created the original designs, and he saw the market opportunity, and seized it.

Electric vehicles (EVs) are becoming increasingly popular due to their range of benefits, including lower emissions and increased efficiency. Cenntro Auto, an EV company based in New Jersey and  Germany, is leading the way in making electric cars. Cenntro, as well as other manufacturers such as Tesla, have already made EVs available in California and other progressive states, where residents may take advantage of state-provided incentives for purchasing or leasing them. As government regulations continue to evolve around the production of motor vehicles and consumers become ever more aware of the environmental implications of their driving choices, it is likely that electric vehicle sales will only gain traction within the near future.  In the state of Tennessee, a program has been established to educate consumers of the benefits of EV and promoting the industry in general.  Why are so many governments promoting EV technology unless it's solid?

Electric vehicles offer numerous potential benefits when compared to traditional gas-powered cars. Electric vehicles provide a viable option towards reducing carbon emissions, or even eliminating them if electricity is generated from renewable resources such as wind, solar or geothermal. In addition to the environmental advantages of electric vehicles, they also run significantly cheaper than their gasoline-based counterparts. Given there are no gasoline requirements with electric vehicles, the daily cost of ownership, such as fuel consumption, is drastically lower compared to gas-powered cars. Thus, electric vehicles present a tremendous opportunity for society and individuals alike.

Electric vehicles are gaining momentum as a sustainable alternative to traditional gasoline-powered cars. While electric vehicles still rely on off-grid energy sources, they offer the added benefit of providing more control over power usage during times of emergency or crisis situations. In particular, off-grid prepping enthusiasts find themselves drawn to the technology because it allows for greater flexibility and autonomy in their lifestyle. By creating an off-grid ecosystem that includes an electric vehicle, these individuals have increased their resiliency against natural disasters and other unplanned life events. Furthermore, many off-grid preppers have reported feeling empowered knowing that they can be both purposeful and eco-conscious alongside relying on sustainable technology .

Making the switch from gasoline-powered vehicles to electric vehicles is one of the most effective ways to reduce your environmental impact and save money. Electric vehicles not only cut down on emissions, but they also reduce fuel costs and maintenance expenses. Furthermore, many electric vehicles qualify for government incentives and rebates which can further reducing ownership costs. Electric vehicle technology has improved dramatically over the past few years; new models now offer faster charging times and longer range than in previous years, making it more convenient than ever before to make the switch. Making the change to an electric vehicle can have a profoundly positive impact on lowering our carbon footprint, promoting energy independence and preserving natural resources for future generations.

Although electric vehicles have been around for centuries, they are only now becoming a realistic option for mainstream car buyers. With advances in technology and an increase in production, electric vehicles are becoming more affordable and easier to use than ever before. Electric cars offer many advantages over traditional gasoline-powered cars, including lower emissions and fuel costs. If you’re thinking of making the switch to an electric vehicle, do your own research to find the right model and charger for your needs. You may be surprised at how easy it is to make the switch to an electric car—and how much money you could save in the long run.  The Federal government via the IRS has established tax credits and other incentives to encourage use of the technology.

Checkout some EV resources

Cenntro Auto

State by State EV rules summary

GIH Research page on CENN stock

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.