With the price hike of petrol and diesel, the fuel engine vehicles are becoming costlier day by day. The days are coming when people will move towards electric vehicles.
According to a survey by Deloitte, 300 million electric bikes will be running on the roads of the world in 2023, which will be greater than 50% from today. The one reason behind this is the reduction in the prices of lithium-ion batteries. Lithium-ion batteries are cheaper and lightweight. Between 2010 and 2019, the cost of lithium-ion batteries has reduced by approximately 87 percent. This is the main reason for using lithium-ion batteries in electric bikes.
Electric Vehicles are Future of the world
With the extensive number of new electric vehicles in the market, we can say that we are going to enter the Electric Future soon. Many famous brands like Ford, Mercedes-Benz, Mazda, Tesla, Bajaj Auto, Honda, and so many others are planning to launch their electric vehicles including cars, e-bikes, electric scooters in the market.
Electric transportation is not limited only to four wheels, e-bikes are also in growing demand. We have seen a huge growth in the sales of electric bikes. For example in the Netherlands where people are using traditionally used bikes as the main source of their transportation. In the United States, more than 400,000 e-bikes were sold by the end of 2018.
The e-bikes are traditional-looking bicycles with pedals but the riders can also run them on the electric motor using lithium-ion battery technology.
The Benefits of Using Electric Vehicles
- The main benefit of electric vehicles is they are eco-friendly, they reduce the release of harmful gases in the environment.
- The benefit is cost-cutting, the electric vehicle uses lithium-ion batteries which are lightweight and cheaper as compared to fuel.
- Electric vehicles can provide go up to 70-100 km with a single charge.
- The cost of maintenance is less as compared to fuel engine vehicles.
Conclusion: With the increasing demand for electric vehicles globally, we can say that we are going to enter the world of electric transportation where we will see electric cars, electric bikes, e-bikes, and electric scooters.