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Electric Vehicles Are Not The Future, They Are Here Today

Electric Vehicles Are Not The Future, They Are Here Today

The electric revolution is no longer a vision—it’s here. With global mandates, tech breakthroughs, and rising consumer demand, EVs are redefining the future of mobility. From policy shifts to battery innovation, the road ahead is electric. Discover why it’s time to plug into progress.

March 24, 2023 7 min read Consumer Discretionary
#Electric Mobility Transformation, EV Adoption
Electric Vehicles Are Not The Future, They Are Here Today

Electric vehicles are increasingly growing the attention on our nation’s roadways. Governments worldwide are encouraging the EV industry through subsidies and regulations, and consumers are demanding low-emission commuting instead of fossil fuel-driven vehicles, which endangers our planet.

Current Scenario

At the highest level, President Biden signed an Executive Order in August of 2022, setting a target of 50% of U.S. light-vehicle sales by 2030 comprising zero-emissions vehicles, which along with EVs, the administration said includes PHEVs and fuel-cell vehicles (FCEVs).

Not long after, California set a definitive sunset date for internal combustion, announcing a mandate that starting in 2035, all new passenger vehicles sold must be electric or hydrogen-fueled. The first phase-in period for the mandate begins in 2026.

Then there’s Europe, already underway with aggressive vehicle emissions mandates, including bans on internal-combustion vehicles in some major cities. In late fall, the European Parliament and Council announced a provisional rulemaking to ban the sale of internal-combustion light vehicles throughout the European Union starting in 2035. Europe-based automakers didn’t overtly object, but their industry trade association spoke of issues many less EV-optimistic sources cite as cautionary signals in a rush to electrification.

Adoption of EV

When the first EVs were manufactured/introduced,…

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