Why are Electric Cars (EVs) Expensive?
Why are Electric Cars (EVs) Expensive?

Why are Electric Cars (EVs) Expensive?

In the early 2000s, all kids were excited about an electric battery-operated car. Those were in fashion at that time, but not so much now. Nowadays Adults are more interested in battery-operated electric cars. Human-sized electric cars which we can actually drive.

Though the first design of the electric car was done in 1832 by Robert Anderson and the first fully functional electric car was made in 1890, it wasn’t a craze for people till now approximately 100 years after, when Tesla was invented in 2003. Tesla is responsible for the boom we have in the automobile industry, with electric vehicles. Tesla was the first company to successfully launch electric cars, many companies tried before that, but no one could come up with a good product. We did have electric two-wheelers, but never a successful four-wheeler until now. The reason being the battery life and the distance the car could travel.

But now it is possible. The only problem is the cost. Even after so many variations and new technology and modules, still buying EVs is quite expensive. The main reason being its battery and the technology and parts required for it. The high prices are seen right from the purchasing of raw material. Materials like Lithium, Manganese, Nickle, and Cobalt. The materials used in EV cars batteries are such which will store more in them and also at the same time heat less. Thus, Oxide metals are also formed to make it more effective and efficient.

The rechargeable batteries used in these cars are the same as the ones we use on our phones and laptops. They are just bigger in size and more in number. Their basic concept is the same, of having one anode and one cathode along the electrolytes to shuttle the charges to produce energy.

If we consider an EV with a car with Internal Combustion Engine, the final cost of the car becomes equal to that of the ICE cars, with ICE’s being more efficient and a better choice. The main problem that customers face is also regarding the distance these EV cars travel. Most expensive cars go up to 640 Kms (400 Miles), which is still less to a normal car which even more and with less price to pay for. Countries using EVs have started making public charging points like gas stations, but people still fear not finding one, as their numbers are quite less than that of a normal gas station.

“So how are we trying to reduce the cost?”, is what you might ask. Well, we have multiple options, one is making single-piece diecasts, thus reducing the price of assembling and parts required. Companies are also trying to switch from cobalt to nickel. Though Nickel gives a better battery life, it heats up very soon. So then making an Oxide metal out of these two metals or an alloy can also be an option. There is also one more options people are using to convert your normal car into an EV by changing the whole system of it. Other trials are also been done, like having ceramic, glass, and polymer parts for discharging and silicon and graphite for the anodes and cathodes. The issue is the brittle nature of all these products.

Companies like Tesla, LG, and Toyota are at the forefront of the research conducted to make EVs more efficient and reliable. And bringing it to World Market for sale. They all believe in something, that EVs are the future.

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Comments (1)

Vedant Joshi

Great Blog!

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