Page 12 - TCExpessions 2019

12

Electric Vehicles –

Charging up for the future

EVs do not require direct fuel combustion, thereby contributing

to transport policy goals such as increased energy security,

better environmental compliance leading to reduced
greenhouse gas emissions

onventional automotive technologies (and the mobility as we know it. Electric Vehicles (EVs) are leading
vehicles they power) have been under fire for this change, riding on the promise of green technologies
Csome time now for their role in hastening climate and sustainability. They also align with globally accepted
change. That’s hardly surprising – the transportation sustainability goals such as increased energy security
sector is known to be the largest consumer of oil and the and better environmental compliance through reduced
second-highest contributor to CO2 emissions, worldwide. greenhouse gas emissions.
Now, it is also ripe for disruption by advancements in
electric mobility. The global stock of electric passenger cars worldwide
exceeded five million units in 2018. According to the
Growing and valid concerns regarding the environment International Energy Agency (IEA), China topped the list of
and the emergence of rideshare options have been driving countries with the highest number of electric cars sold –
a fundamental rethink of vehicular transportation and accounting for over half of the global sales of electric cars –