Electric vehicle business is the next big thing
I read an article that Xiaomi is planning to enter the electric vehicle business. It is not a wonder because many big car companies have already started moving towards clean vehicles. In the next two decades, I feel all our vehicles will completely change to electric. So no wonder that Xiaomi is getting into this business. Cryptocurrencies are also going to play a vital role in the future of Electric vehicles.
There are 3 factors that are very important when it comes to electric vehicles. Especially the batteries are expected to have these three things.
- Cost-effective batteries
- Low charging time
- Long-lasting batteries.
This is where we are stuck right now. Even though we have lots of advancements when it comes to the model of the vehicles, batteries have always been the problem that we are trying to address. If the above 3 things are not handled by the batteries, selling electric vehicles can be a tough task.
Future is towards clean energy
There have been lots of awareness spreading about how we are depleting our natural resources. Most of the energy generation in the world now happens with the help of fossil fuels. This is not going to help us forever. If we don't think about moving towards clean energy, we might have a tough time in the future. But the cold truth is, people will focus more on this only when their generation is affected because of this.
The reason is that adopting a clean energy model is not easy and cost-effective. Doing things the old way is what is cheaper right now. But as and when the demand increases and competition also increases, we will be able to see some good outcomes. The future of clean energy and electric vehicles is looking very good as of now.
Elon Musk recently announced that Bitcoin will be one of the payment methods when people purchase cars. This is one great move and this will also motivate many people to enter into the crypto world as well. After the crypto craze is at its peak, people will also try to enter into clean energy. That will then become the highly profitable business in this world. Already many companies have started manufacturing clean energy vehicles and many dealers have started selling them.
More people getting into the clean energy business is very good
The reason why I say this is because we all know that necessity is the mother of invention. Only when there is a dire need we start innovating things. Batteries are something that hasn't got any great innovations in the past century compared to the other advancements we are doing. I agree that we have definitely improved our batteries but not to the extent it is essential.
If more and more companies get into this business there will be lots of innovations happening and we might even come up with a high-capacity battery producing an enormous amount of energy and that fits inside our palm. I'm now remembering the ARC reactor that Tony Stark had in his house powering his house. If we can find something like that, it would be awesome. I understand those are imaginary stuff but innovations can happen by any means. It is hard to predict such things.
Right now there are only a few players in the electric vehicle manufacturing business. This also leaves only a few options to the end-users. If there are more players, it will increase competition among themselves benefiting the end-users. Not just that but the end-users will also have multiple options available in the market to choose from.
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Electric vehicles are surely need of the hour. But we need to be careful too as in the past using fossil fuel was need of that hour but but are realising the bad impact now.
Batteries have their own problems. If we are trying to save Mother Earth using electric vehicle I have only one problem with the batteries. That is the pollution by these batteries when these are dead.
To me we are just postponing the environmental impacts. We will get pas it using batteries but then our next generation need to think about another solution to get rid of dead batteries problem.
Yeah batteries need lots of improvements. Like I said batteries have not seen big innovations in the past centuries. If we can somehow come up with decent innovations on batteries, the future will look promising. !BEER
https://twitter.com/bala41288/status/1377167288428765185
Sad na,,,if these things are costly. It will take another 5 years for this to take off.
But I have heard to manufacture those electric components there is lot of pollution anyway.
From a investment point of view... renewable energy is a good place to invest.
There are already crypto companies involved in it - one being POWR and another being this Energy EWR. Guess both these tokens have great potential.
Anyway... future looks bad actually, with all this pollution shit already pretty bad and all, not sure it will help to have good quality of life. Money is very important but not just to survive you need good environment to use and enjoy, I feel that's vanishing fay by day.
Anyway... I really wanted to buy that Reva car, but it all did not happen, that time they said Nano is better, no one thinks about environment and all that, its a good investment in the long run.
Same for solar energy and that water treatment plant, well to do idiots have not started implementing it, its just sad. Anyway.
Yeah I agree with you. In the last two years the number of electric vehicle companies in Chennai have increased. I'm sure it is the case in other cities as well. I'm not sure about the pollution part during manufacturing. If that is the case then it is sad.
I also thought about Reva but still people say the other cars are better and Reva needs lots of improvements. I will wait for a few more years. For now I'm focusing on getting an electric bike Revolt. Not sure how it would perform on the long run. I already hear lots of complaints on it. Don't know if I will be going for it or not. !BEER
YEah...I also am thinking about electiric bike...I think that's great, first let me get lot of money in crypto somehow to be able to buy lot of these sustainable things.
Awful na...floods in chennai are becoming worst, climate change I tell you making quality of life so bad to live and the traffic and the beggining of bad quality air and scarcity of water. Thinking of this, I get so depressed that I really want to drink beer!!...ha..ha so thanks.
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.I think Electric vehicles will definitely be part of the future and there are many different traditional companies changing their 2021-2025 line up to have more electric/hybird vehicles. The only problem I see is the heavy push towards electric vehicles and subsidize the cost using government money.
I do think electric vehicles will be cheaper than gas vehicles in the future but I don't think it will be for a few more years. Also given the change to electric vehicles, the politicians are dumb and want to implement a mileage tax instead of relying on the gas tax.
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Yeah true the same happens here. I guess the government is already creating a pressure by doing a few things to make people switch to electric vehicles. Otherwise it is not something that people will easily adapt to. Normal vehicles are still the cost effective solutions. !BEER !WINE
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