Electric Vehicles – Market and Trends – Will the Technological Push of EVs Replace the Conventional Vehicles in Future?
Electric Vehicles (EVs) are propelled by one or more electric motors, using stored electrical energy in rechargeable batteries or similar sources. Even though the prices of crude oil have plummeted dramatically in the last couple of years, the future of Electric Vehicles still seems bright. The continuous technological advancements and the signs of maturing battery technology are contributing the growth of EVs. Further, the factors such as declining costs associated with batteries, stricter Read more [...]