Global demand for electricity has shot up over the last few years. Increasing demand for fuel-efficient cars and increased awareness about air pollution among customers has been attributed for the most effective replacement of petrol and diesel cars to fight pollution. Constant efforts have been made by both developed as well as developing countries to meet the growing demand, China ranks at the top. It is mainly because of the support of the China Government and also because of the strong charging infrastructure.
The UK government has laid plans to ban the sale of petrol and diesel cars by 2040, in order to tackle the problem of climate change. The timeline set by the government is allegedly too tame as per the advisors. They pointed out that few older petrol and diesel vehicles will still be on the roads after 2050 which is an area of concern.
With regards to the benefits of the electric cars, consumers will definitely enjoy benefits as the cost of these cars will be similar to those of petrol or diesel vehicles by 2024-25. Reports suggest the entire operation should finish within a decade. According to the British committee 2030 would be a feasible date for the government to ban the sale of new petrol and diesel cars. If this happens, consumers can cash in by switching to zero-emissions vehicles when the price comes down. It also anticipates big savings in regards to fuel, running cost and servicing.
On the downside, availability of cobalt is a challenge. It is required in substantial quantities to meet the demand of batteries that will be placed in these cars. Experts are also skeptical about the end target of 2030. In the light it might also change to 2035. Switching to all electric cars by 2030 can only be possible if battery manufacturers find enough resources. The department is also in talks with the treasury to bring charging points at consumer’s home which will be more economical rather to restrict them only to public charging points.