Electric Vehicles – The Need Of the Hour

By Super

Published: Friday, March 30, 2012, 18:16 [IST]

There has been hue and cry over an alternative energy source since fossil fuels cannot be renewed. As of now, two wheelers particularly scooters are made to run under electricity through batteries. A recent report revealed by Technical Executive of ID indicates that currently there are 250 makers in heavy vehicles sector who are not fully involved in making electric vehicles. However, he hopes, they might be able to deliver 700000 electric vehicles before the end of this calendar year. The companies which have an annual turn over of million and there are some companies who have already become extinct due to poor market for their electric products.

The Electric vehicles market is not consistent as the mid-sized makers exit by handing over their business to major players. Yet there are some who migrate to the global markets and still other companies diversify their production under different brand names. The forecast for the next five years is that there will be a growing demand for heavy industrial electric vehicles on par with normal LCVs or light industrial vehicles. The growth for these vehicles is in the creamy layers of the existing heavy industrial vehicles. He said that the hybrid market will face a carpet welcome in coming years as the practice of offering lithium battery choice has come handy for the driving. The conventional lead acid battery is in usage in large volume. The hybrid version vehicles get boost due to the ideal compatibility for heavy outdoor driving. Today there is a need for economy mode of fuel and long lasting fuel, which is duly filled in by electric version.

Article Published On: Wednesday, October 27, 2010, 11:27 [IST]

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