The Future of Electric Vehicles
By the year 2040, the United States will have mandatory regulations for cars, including safety standard requirements and incentives for hybrid and electric vehicles.
It is predicted that Passenger EV sales are projected to increase sharply, rising from 3 million in 2020 to 66 million in 2040. According to Bloomberg BNEF’s Economic Transition Scenario, electric vehicles globally will represent more than two-thirds of passenger vehicle sales by 2040. Europe and China are leading the transition.
According to the U.S. Energy Information Administration, about 90% of the energy consumed in U.S. transportation comes from petroleum. Several states have implemented financial incentives, including tax credits, rebates, and registration fee reductions designed to promote electric vehicles, or EV adoption.
This is also known as “2040 Cap” which was officially passed in June 2021. This law states that by then every car manufactured in the country will be required to have a certain standard of safety, efficiency, and low emissions for use on the roads by both private citizens and the government. Among the features being tested for the electric car future are anti-lock brakes, front, and side airbags, and regenerative braking.
Another feature that will be tested for electric cars is the ability to regulate the temperature of the cabin. Current prototypes of electric cars already have temperature controls incorporated into their design. Anti-grime filters, built-in sunshade, auto shut-off, and auto shut-down are all other features that could be added in the future. These features could reduce pollution and speed up the cleanliness of the air in the car’s cabin. All these features would reduce the maintenance costs for electric cars.
The second law that will be tested for electric cars is the design of the car. An electric car is not limited to its fuel capacity. It can be designed and installed with features that allow it to travel longer distances on a single charge. Currently, the greatest distance an electric car can travel is about 500 miles, but it is being planned that the real-world range will be extended. The first real-world electric car was the Honda Prius, which can travel an estimated 800 miles between charges.
As mentioned before, electric vehicles will have anti-theft systems as standard equipment. This means that drivers will not be required to install anti-theft devices in their vehicles to meet the insurance requirements. Currently, most states do not require vehicle manufacturers to include such features, so manufacturers will be forced to either incorporate them voluntarily or make the additional investment.
One important feature of electric cars is their ability to charge wirelessly. Most people have at least one extra electrical outlet in their home, so it should not be too hard to implement a charging system. Currently, the best way to charge a vehicle is by using an established charging station or a conventional 12-volt battery. However, with future electric cars, it may be possible to use a DC battery. The advantage of a portable charging system is that you can take it with you, in fact, many modern electric vehicles come with portable charging systems.
Another major electric vehicle technology that is being developed by EV experts is the system that converts current electricity into motion energy, which can be used to generate power for the electric car. This technology is still in its early development stages, but many electric car parks have already started to use it. In fact, these charging stations are now being installed at car parks in the UK. With this future technology, you can expect to see more electric cars on the open road in the future.
According to the NCSL (National Conference of State Legislature), Hawaii has adopted the following Electric Vehicle Incentive Program to encourage EV charging stations
EVSE Rebate Program: Pursuant to Haw. Rev. Stat. § 269-72, the public utility commission is required to provide a rebate program incentivizing the installation and upgrading of EVSE. Hawaii Energy currently administers the program. Rebates range depending on whether the system is being installed or upgraded. Projects installing or upgrading a Level 2 station are eligible for a rebate of $4,500 and 3,000 respectively. DC fast chargers are also eligible for a rebate of up to $35,000 for an installation and $28,000 for an upgrade. Level 2 Charger upgrades and up to $35,000 for installing a new DC fast charger. Total rebates per fiscal year are capped at $500,000.
EV Charging Rate Incentive: Hawaiian Electric Company offers TOU rates for residential and commercial customers who own an electric vehicle. This program is available to customers on Oahu, Maui, Molokai, and the Island of Hawaii.