The 10 Best Automotive Franchises to open 2019

electric vehicles come with limited range of fuel
efficiency which means one has to plan his/her trip
according to route with ample number charging stations.
Also electric vehicles are much cheaper to maintain than
an internal fuel combustion engine.
The impact of electric vehicles on environment is quite
clear. More than a quarter of greenhouse gases produced
in the United States of America are a result of
transportation which eventually contributes to the rising
pollution levels. On the other hand, electric vehicles
come with no gases and sounds, leading to a clean
environment.
However, the wide use of electric vehicles also has some
demerits if we consider the government’s perspective.
Thanks to these vehicles, various governments will lose
billions of dollars of revenue from taxes on fossil fuel.
So, soon we might have to shell out higher direct or
indirect taxes, or the vehicle taxation system could be
changed completely. Also, electric cars need 30% lesser
time to produce. So, a complete switch to these green
vehicles might also lead to reduction of workforce in the
automotive industry. Switching to green vehicles would
also mean drop in employment levels in petrol bunks, car
repair garages, etc.
Vehicles are not only going electric, Norway plans to
start 1.5 hours short haul flights using electric planes.
Also, the aircraft manufacturer company Airbus, engine
manufacturer Rolls Royce and Siemens are developing a
hybrid model which will probably make its maiden flight
as early as 2020.
According to a major Swiss bank, by the end of 2025
electric vehicles will account for 14% of total car sales
globally. Back in 2017, the figure was just 1%.
Also thanks to the rapidly changing market and growing
innovation this timeline can eventually shift backwards.
As an example, the batteries are constantly getting
cheaper and much more efficient. Nowadays one can
cover a distance of 1000kms with a single charge. With
the improvement in battery technology costs are slowly
cutting down and it’s being predicted that the total cost
of ownership of an electric vehicle will be on par by
2025.
So, it’s all good for the drivers and the owners, who will
be able to buy and maintain electric vehicles at
reasonable prices. But jobs will be lost, countries that are
now thriving due to petroleum will face scarce demands.
However, new jobs will be created, and countries which
have Lithium deposits may have their chance of success.
Above all we will get a planet that is much greener,
cleaner and quitter.
April 2019 33