The Newest EVs:

Electric Cars, we know them to be the future of cars and soon the future of all vehicles, and recently, many car companies are unveiling their concepts for the future. Mercedes, Audi, Ford, GM, Toyota, all these major car companies have already come out with concepts and plans for the future, as companies are pushing to win over the market, even though all these companies are coming out with their concepts, there just isn’t as much on the road as you would think, especially since so many existing vehicles, and some have already launched their EVs (Electric Vehicles). But you still don’t see many on the road. Sure there are much more EVs than before, and many new start-up companies such as Rivian have came out with their own EVs, even with all these companies are spending billions into this new technology and so many companies are releasing EVs, where are they?

The Problem:

So why is the rise of EV cars taking so long? The answer is pricing. Almost all EVs that have come out are always so expensive, and for their performance and mileage, it just isn’t worth buying them. An example is the new Ford F-150 Lightning, America’s most popular truck, or arguably vehicle, as an EV, though it has built some hype around it, as it’s showing Ford’s first leaps into the EV industry, the car is somewhat disappointing, starting at 40,000 dollars, the truck’s range is only around 230-300 miles, which for $40,000, is not all that great. Yes it is Ford’s real first major electric project, but compared to other companies, it’s not even a competition, especially against companies like Tesla which are dominating the EV space. Another example is new EV company Rivian, and their R1T pickup truck. With a range of around 400 miles, and many cool and unique features, it sits at a starting price of almost 70,000 dollars, don’t get me wrong, its an amazing truck, with so many features, but for $70,000, you just aren’t going to see many around. The cheaper, and older EV models, such as the Chevy Bolt, aren’t that expensive, but when’s the last time you’ve seen a Chevy Bolt, or a BMW I3, probably a long time, these cars are cheap, but look bland and don’t have really good performance or technology, that’s why even through the course of many year’s they still don’t sell.

The Solution:

The obvious solution to this problem is making these new electric cars, but also lowering the price. Tesla has been hinting at cars that will have starting prices of around $20,000, which would make a big impact. The demand is there, its just the cars are too expensive, who doesn’t want an electric car, they’re cheaper to maintain or charge, they usually have the newest technologies or big screens in the middle, and some can even drive by themselves. The reason these companies are charging so much for their car’s is because they usually are spending so much on research and development. Most likely in a couple years, prices will drop and EVs are going to be much for accessible, which many people are waiting for. For now, it just seems gas cars are still the better option, if gas prices drop of course. As always we’ll have to wait to see what happens.