Renewable energy is one of the most important considerations of the 21st century. We witness innovations and inventions that solely focus on renewable energy usage. There is no doubt that fossil fuels have an adverse effect on our planet, and they are exhaustible resources. On the other hand, renewable energy is a more environment-friendly option that does bear any risk for the future of mankind.
Although we were able to access this energy a decade ago, it was not sustainable due to high costs. However, things have changed a lot since the 2010s. Without a doubt, one of the most important innovations in terms of renewable energy is electric cars. Therefore, we interviewed entrepreneur Irfan Coban about the future of electric cars. Do not miss your chance to check the highlights of our interview.
Electric Car Market is Rapidly Growing
Irfan Coban, a true supporter of renewable energy and related innovations, states that “Today the electric car market is identical with the vehicle market in a similar state to what the internet had around the world in the late 1990s. The internet did not evolve slowly and did not give us time to plan ahead. Its growth was explosive and devastating. It has shaken up many industries and business models, changing nearly everything we know and do.
The popularity of electric cars is no different from the internet. Today, almost every car manufacturer offers various electric car models. Some of them renewed their production line and started to manufacture only electric cars. On the other hand, companies such as Tesla offer only electric cars and technology giants such as Google spare billions of dollars for the improvement of such vehicles and their AI system.
I believe that the shift from traditional cars to electric cars will be smooth. In fact, this transition already began a few years ago.”
The Revolution of Electric Cars Already Began
Coban wants to attract attention to the rapidly growing electric car market by saying “I like to define this shift in consumer preferences as the revolution of electric vehicles. The transition concept seems a little bit underestimated for me. Considering the number of vehicles on the road all around the world, this is a true revolution.
Although total car sales fell by 20 percent during the COVID-19 pandemic, the global sales of electric cars increased 43% in 2020 to a total of 3.2 million. Unfortunately, this only corresponds to 5% of the total car sales.
As of now, there is nothing anyone can do to stop this revolution. On the contrary, more and more countries are getting prepared the make the highways ready for electric cars. In this regard, Germany and the United Kingdom lead in the innovations.
Besides well-established car manufacturers such as Nissan, BMW, Renault, Kia, Chevrolet, Hyundai, and Volkswagen, there are also new electric car companies such as Tesla. I believe that we can see new startups on the market soon.
Apple and Google have the required funds and technology to enter the market. It is highly possible that they may decide to take their part in the market until 2030.”
Reputable Car Manufacturers Share Their Electric Car Plans One by One
Coban also notes that “Electric car market will be a much larger market than the current market. Already, dozens of reputable car manufacturers offer electric car models to drivers. However, we can think of this as the tip of the iceberg.
Many other reputable car manufacturers also share their electric car plans with the public. In this regard, one of the luxurious car manufacturers Jaguar is planning to sell only electric vehicles starting from 2025. In addition to this, Lotus and Volvo announced that they are going to manufacture only electric cars starting from 2028 and 2030, respectively.
It is important to note that these plans for the future will not be realized only by luxurious car manufacturers. General Motors also announced that they are going to manufacture only electric cars starting from 2035. Ford, one of the best-selling manufacturers in the world, will sell only electric cars in Europe as of 2030. On the other hand, Volkswagen also predicts that 70 percent of its sales after 2030 will be electric cars.
I also believe that gasoline or diesel vehicle manufacture will continue until the 2050s. However, these cars will be sold only in third-world countries. The costs of electric vehicles decreased greatly in the last decade and as more and more companies start to invest in them, these costs will continue to decrease.”