Goodbye to current prices of electric cars: date for drastic decrease is close

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By John Smith

The charging station revolution: this invention will change everything in electric cars. 

Ferrari puts all its competitors in trouble: they already have the patent for their electric motor in the wheels Kia and Hyundai aim to change cars forever: they have invented a new type of wheel motor The need to expand the fleet of electric vehicles has increased considerably in recent months. 

This is largely due to the implementation of financial aid such as the MOVES III Plan in Spain. But why is this aid offered? 

The plain reply to this is that electric vehicles are very important for sustainable mobility. 

Environment First of all, electric vehicles (EVs) are an efficient and environmentally friendly solution. 

The electric vehicles are not damaging the climate like the traditional vehicles–internal combustion vehicles. Due the environmental friendly vehicles, people are inclined to get the EV which would ultimately reduce consumption of fossil fuels.

In addition, EVs are quieter and generate less vibrations than conventional vehicles . All of this translates into an improvement in the quality of life in cities, as noise pollution levels are reduced and a quieter environment is favoured. 

Another determining factor for the increase in financial aid is the high market price of electric vehicles. Although there has been a significant reduction in prices in recent years, EVs are still more expensive than internal combustion vehicles. The cause is largely due to the cost of batteries and production methods. 

However, it is important to highlight that a drop in the prices of electric vehicles is expected in the coming years. 

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Among other things, due to factors such as the improvement of production technologies and the optimization of batteries

More charging stations Furthermore, the growing demand for EVs is driving the expansion of charging networks, which will further facilitate the transition to electric mobility. 

Electric vehicles can be promoted by installing more and more charging establishments which is essential.

Currently, there are different types of charging points , ranging from home chargers to fast charging stations on public roads. The improvement and expansion of these charging networks will allow greater autonomy and comfort for electric vehicle users. 

Information on brands and models

According to some manufacturers in the automotive sector, the price of electric cars has been a determining factor in the drop in demand this year. 

Ford, for example, has decided to postpone the $20 billion investment it had announced to develop electric vehicles in 2022. For its part, General Motors has abandoned its plans to manufacture 500,000 electric vehicles by the first half of 2024. Toyota In this context, Toyota has decided to opt for an innovative process known as ‘gigacasting’. 

This method, promoted by Elon Musk’s company, consists of the production of large parts of a car’s body using inverted molten metal in high-pressure moulds. 

This technique allows for greater efficiency in production, since the time required to manufacture the parts is reduced and the waste generated is reduced. 

The ‘gigacasting’ process allows Toyota to produce body parts for its electric vehicles faster and cheaper. This represents a significant advance, since the manufacture of the body is one of the most expensive and laborious aspects of automobile production. 

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It is important to highlight that electric vehicles are an integral part of the transition towards more sustainable and environmentally friendly mobility. 

As technology advances and costs decrease, demand for these vehicles is expected to continue to increase in the coming years. In conclusion, the change in the production process of electric vehicles is a challenge that traditional automobile manufacturers face. 

The adoption of innovative techniques, such as ‘gigacasting’, can be key to increasing production efficiently and reducing manufacturing costs. With this, it is expected that the demand for electric vehicles will continue to grow, thus promoting the transition towards more sustainable and environmentally friendly mobility.


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Electric vehicles, Prices of electric vehicles

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