After dominating the world’s roads for a century, the internal combustion engine (“ICE”) has finally found a competitor that just might put it out of business. The world is finally waking up to the long-term effects of burning fossil fuels for decades, some would say a tad too late, and numerous countries are looking to phase out petrol and diesel-powered cars in exchange for alternative energy vehicles. Mostly comprised of electric vehicles (“EVs”) and hydrogen cell cars, these vehicles produce minimal to zero emissions at the tailpipe.
Consequently, EVs are expected to play a big role in global efforts to gradually reduce the world’s reliance on fossil fuels, reduce carbon emissions from the transportation sector and combat climate change. Here’s a more in-depth look at these alternative energy vehicles.
Electric vehicles refer to automobiles that rely on a rechargeable lithium-ion battery pack and an electric drive motor instead of an ICE. There are several types of EVs ranging from mild and series hybrids to plug-in hybrids and battery electric vehicles (“BEVs”). Mild and series hybrids have electric drive train components as well as a combustion engine. They mainly rely on the ICE for power, but the engine shuts down in certain instances such as high speeds, coasting and stops, while the electric components take over to maximize efficiency.
Plug-in hybrids have an onboard battery and can be “plugged” into an EV charging station. They can travel for longer distances on just electric power, and they often have extended range due to the presence of both the battery pack and the ICE. BEVs are vehicles that are fully powered by electricity. They have a massive onboard lithium-ion battery pack, an electric motor and complex software to effectively manage the individual battery cells that make an EV battery pack. BEVs require less maintenance and produce zero emissions, but for the moment, they are too expensive for most consumers.
Hydrogen fuel cell vehicles, on the other hand, use hydrogen as their fuel rather than electricity to generate power. Hydrogen is funneled into a fuel cell that oxidizes it, creating an electrical charge that is then fed into a battery which powers the electric motors. While this technology has been around for a while, high costs, insufficient infrastructure and the size of internal components have kept it from going mainstream.
Compared to EVs, hydrogen fuel cell cars take a lot less time to refuel as it simply entails filling up the vehicles with hydrogen. Their only emission is water, and the cars run as quietly as electric vehicles; however, they tend to be expensive. Another disadvantage is that only select cities such as San Francisco and Los Angeles currently have hydrogen refueling networks, and the large size of internal components means these vehicles can eat into cargo space and even passenger compartments.
Still, automakers such as Hyundai and Honda are expressing interest in hydrogen fuel cars, and manufacturers have made great strides in miniaturizing fuel cell components. Only time will tell if they gain the government support and mainstream appeal EVs have been enjoying for the past few years.
With companies such as ev Transportation Services Inc. constantly improving the battery technology powering the electric vehicles they make, BEVs seem set to dominate the market for ICE-free travel.
NOTE TO INVESTORS: The latest news and updates relating to ev Transportation Services Inc. are available in the company’s newsroom at https://ibn.fm/EVTS
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