Posts Tagged ‘GM’
Are gasoline and diesel powered vehicles a dying breed? A look into the future shows that electric vehicles will take over the need of all fossil-fueled vehicles, however estimates on when this transition will begin to take effect vary across the board. Certainly the benefits of electrical vehicles are very apparent, including reduced pollution, higher efficiency, and reduced maintenance costs. However, there are still some very large obstacles in the way of transitioning from old fossil fueled vehicles to high-tech, electrical vehicles. Primarily, new infrastructure must be put in place to “re-fuel” electric vehicles, or in other words, re-charge the electric vehicles when batteries are depleted. Also battery production and replacement at end-of-life are important considerations, especially considering that the cost of batteries is very high, and high-capacity car batteries only currently provide relatively short range for vehicle mileage. Regardless, transitioning to electric vehicles is imminent.
General Motors and Ford have seen the writing on the wall. Both companies have big plans in place to increase electric vehicle production significantly between now and 2020. The companies are planning on introducing both hybrid and full electric vehicles as part of new vehicle lineups in the upcoming years. Both companies are also learning the market trends based off of current hybrid and electric vehicles, such as the Chevrolet Bolt, in an effort to identify what drives consumers spending and desires. Ford has plans for many new hybrid or electric vehicles in the next several years, including a hybrid F150 pickup truck and other popular models. GM is planning a total of 20 new electric or hybrid vehicles by the year 2023 and has already begun plans for production and manufacturing. Transitioning away from fossil fueled vehicles will certainly not happen overnight, however. Infrastructure, as well as consumer acceptance of electric vehicles, are huge obstacles that will need to be overcome first.
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