Will 2020 See a Surge in Electric Car Startups?

The clean energy revolution needs more than just climate activism and solar panels, but what’s available on the consumer market will sway the average person. While there is Tesla, we can expect a new wave of startup companies to produce cooler, efficient & more affordable electric cars.

Not only are electric cars knee-deep in venture capital, governments around the world are pumping money into the production of cars, underground charging systems, and solar-powered stations. With growing concerns for Climate Change, the imperativeness for improved electrical cars will go up.

Electric Cars for the Average Person

The biggest barrier for the average consumer has been cost, aside from any other ethical or technical aspects of using one. With more competition getting into the market and improvements made to lithium battery banks, it can be a reality for everyone to own one. Especially with more personal hybrid car leasing deals, there is less of a barrier from at least trying one.

The short travel distance of electric cars is another diversion, but there is some major improvements in that regard. The latest Tesla models can already push past 300 miles before running flat, as opposed to others having as low as < 150-mile capacities. Besides, if more charging stations become prevalent alongside major highways, it would be a non-issue.

Another criticism being that electric cars is that it isn't even environmentally friendly since you will be charging from non-clean electricity sources. While it may be true in some instances, that is an assumption that governments and individuals will be taking action to reduce non-renewable energy. If you have the extra budget, you can even charge your electric car using solar panels.

The idea of clean energy to charge your car is already a reality in some locations. Using the UK as an example, there is already 50% energy being sourced from renewable methods. In smaller countries like Costa Rica or Paraguay, nearly 100% of the energy is already being produced from renewable sources.

Electric Cars for Business

The need for electric vehicles goes beyond sporty cars to share in your Instagram feed. There are practical reasons to get business hybrid car leasing deals, other than the novelty factor.

In some parts of the world, local governments are offering grants to businesses for switching to electric cars. For instance, the United Kingdom offers up to 35% discounts for cars and 20% for electric vans. There can also be various tax incentives in place, but it varies depending on your location & industry.

In a general sense, you will be saving gasoline and servicing fees over traditional gas-chugging or hybrid cars. If you can make them fit the operations of your business, it’s a good investment.

What are some upcoming electric vehicle startups?

  • Faraday Future
  • NIO
  • Byton
  • Lucid Motors
  • SF Motors
  • Canoo
  • Rimac Automobili
  • Weltmeister
  • WM Motor
  • Ola Electric
  • EV Connect
  • Aquarius Engines

The future of electric car startups is quite optimistic about all things considered. As startups find practical ways to ditch gas-powered cars in favor of electric-charged motors, we can save our planet without the need to convince people of Global Warming.