Policy Should Focus On Adoption Of EVS For Commercial Fleets

In the previous article in the series, we discussed how battery and charging technology is evolving and increasing adoption of electric vehicles (EV) worldwide. However, there are other issues that remain to be addressed  and the cost of an EV comes first to mind.  

The cost of an EV remains significantly higher than a conventional car. Not only is the purchase cost higher, a large portion of that cost is sunk into the rechargeable batteries that power an EV. While recent developments in battery technology provide greater range and better charging cycles, EV batteries will eventually need to be replaced. With nearly 40% of the life-cycle ownership cost of a 4-wheeled EV (70% for 2-wheeled EV) being just the cost of the battery required to run the EV, the price for battery replacement is a significant impediment for mass adoption. Thus the value of battery replacement for an EV will far outweigh the costs involved in operating a conventional vehicle across similar