Last year, Bloomberg Green conducted a survey which established that only a paltry 10% of all Americans would be comfortable buying an e-vehicle whose range didn’t exceed 200 miles. While many people may be quick to criticize this preference exhibited by Americans, a deeper analysis shows that consumers are more acutely aware of a number of factors pertinent to their driving needs.
For example, the average American travels 14,500 miles each year. This figure is approximately 33% higher than the average distance covered each year by motorists in other countries around the world. It would, therefore, be reasonable for Americans to demand more range from their electric vehicles when compared to motorists elsewhere who travel a lot less in their vehicles.
Secondly, on matters of car range, what you see may not be exactly what you get when you are on the road. This is because many factors affect the actual range that you can expect from a fully charged battery. For example, driving while it is raining will reduce how far a charged battery will take you, just as using the car heater or air conditioning will drain the battery faster. Sudden braking and rapid acceleration also drain the battery more quickly. For these and other reasons, a battery rated 250-miles may end up giving you half of that rated range, or even less. Any wonder then that Americans are pushing for increased range?
Additionally, battery charging has a number of nuances that American motorists seem to have intuitively grasped. For example, when one is traveling, the chargers they are most likely to access are the DC fast chargers. However, how fast a charger can top up a battery depends on the size of that battery. Bigger batteries (which offer a longer range) can typically be recharged a lot faster than smaller batteries having a more limited range. This difference is because caution has to be taken not to shorten battery life due to the heat generated while the battery is being charged. As a result, chargers are designed to gradually reduce the rate at which they top up a battery as that battery gets to half full and moves towards full.
For that reason, a bigger battery allows for faster topping up, while smaller batteries often need more time to add range to a depleted battery. Motorists who want to top up quickly and be on their way are right to want an EV with a bigger battery.
Fortunately, battery technology is advancing fast, with innovations such as stepping up the quantity of silicon resulting in more range without making batteries any bigger. It may not be long before most vehicles from entities such as Mullen Automotive Inc. (NASDAQ: MULN) come with batteries that can deliver range that’s several hundreds of miles without being exorbitantly priced for the average motorist.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
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