The electric vehicle market has been on the move recently and shows no signs of slowing down. We have stunning cars and robust electric trucks. And while most electric cars are stylish, fast, powerful and offer the latest luxury features, not all is good news.
We have been promised zero emissions and green battery-powered vehicles that can drive for days, but we are not there yet. There are still some drawbacks when it comes to EV. So while the future of electric cars is just around the corner, how fast is the bigger question.
While electric vehicles are exciting and new, buying and delivering one is probably the biggest problem right now. After the government ordered an increase in electric cars, we saw every major player in the automotive space make moves, but not fast enough.
Manufacturers, including Ford, KIA, Subaru, Toyota, GM, Jeep, Chevrolet and others, have announced upcoming electric cars or plan to offer electric cars soon. Electric trucks are a fascinating but also worrying area. We’ve seen newcomers like Rivian launch the R1T, but supply constraints and the creation of a new car brand from scratch turned out to be challenging.
Even an established brand like Ford is also fighting. Ford expects to build and sell approximately 40,000 units of the newly released F-150 Lightning EV this year. By comparison, Ford sold more than 700,000 gas-powered F-150s in 2021, a significant difference. The company can’t make enough F-150 Lightning trucks to keep up with demand.
Another great example is Tesla. In early 2022, Tesla broke all your delivery records despite supply chain problems, but this is still not enough. If you order a Tesla model today, it will not be delivered to your door for several months, if not longer. In fact, there are many models completely sold out by mid-2023
While every major player in the automotive sector is working on all-electric cars and trucks, finding one in stock is a challenge. Then, when you do, some merchants add insane markupsmore than doubling the price.
The demand is huge, but the supply is small. And don’t make me start with some of the prices lately.
We recently saw an inspiring story on social media that claims that electric cars are more likely to die and get stuck in traffic jams. They are supposed to be dangerous, do not come with heaters, AC is not efficient and EV will drain the battery for about three hours during congestion.
It is completely fakebut it is not difficult to understand why some are hesitant to take EV. Anxiety anxiety is real, but it’s not hard to avoid if you plan accordingly. However, you can’t just go to the nearest gas station and instead have to look for and find a refueling station. Then, once you do, it takes a little longer to refill than to refill the gas tank.
For example, the base Hyundai IONIQ 5 SE with all-wheel drive gets only about 256 miles on a single charge, but upgraded models bring this closer to 300 miles on a single charge. Tesla’s most affordable Model 3 in the standard option (which is no longer available) traveled only about 220 miles on a charge. This is not a bad thing, but it is certainly not a good thing.
By comparison, the Hyundai Elantra 2021 gas car can reach about 462 city miles and about 602 miles on the highway from a full gas tank.
Electric vehicles come with more efficient engines, larger batteries and faster charging speeds during the day. But for now, the anxiety of the scope will still be something for many. The future looks bright, but it’s not quite here yet.
Another aspect of electric cars that fans of old gas vehicles are quick to point out is charging time and speed – and they’re not wrong. It certainly takes longer to charge the EV than it does to charge the gas in my truck.
Electric cars are supposed to be easy, require less maintenance, and make driving fun again. But when you start worrying about where to charge your car, how long it will take, and whether you can find a fast charging station, some of that fun quickly dissipates.
in 2021 Business Insider reported that owners of 1 in 5 EVs in California have returned to gas-powered cars due to problems or problems with charging. Keep in mind that new charging stations appear every day, but you will still need to take this into account when deciding to buy. More importantly, you will want to take into account charging times, speeds and prices in your travel plans. However, for short daily trips to work you will be fine and you can just recharge at home.
We didn’t want to dive too much in EV charging costs here, as this is constantly changing depending on the location, time of day and others, but this is another concern. Although nowadays it is undoubtedly cheaper to charge an electric car than to buy gas, electricity prices are rising.
Speaking of electricity, how about the electricity grid? This is another common argument on social media, but frankly, the issue is still a matter of debate. I have read countless articles that suggest that the network can cope well with the growth of electric vehicles, as long as it is managed properly. You will also find reports The Washington Post and others who suggest that the network is almost ready.
I’m not so sure. We’ve seen power outages in California and Texas. Also, here in Las Vegas, there were moments last summer when the energy company asked everyone to use fewer air conditioners at peak hours. Imagine these same struggles, but with millions of EVs that also need juice.
Given the battery inside the F-150 Lightning EV can power a home for anywhere from 3-10 days, depending on usage, shows how much power electric cars really need. In 2020, approximately 276 million cars were registered in the United States. Yes, many of them are not everyday drivers, but what happens when you have to charge 20 million EV or 50 million?
How will the power grid handle electric vehicles from almost every major manufacturer that need juice to keep the battery full and ready for the daily commute to work or travel? Now I’m not saying that the electricity grid can’t handle or can’t scale s growth of electric vehicles, but still a problem.
This is a potential problem that will need to be worked on, just as battery capacity, range and other issues need some improvement. Otherwise, EV owners may end up charging their vehicles during non-business hours to try to save a dollar.
Americans love pickups. The Ford F-150 is the best-selling truck in America for 45 years in a row. This is because it is the perfect combination of usefulness, commuting, work and freedom. You can go to work, take the family to dinner, then load it up and go camping for the weekend.
However, in the last few months, we have learned that while electric trucks are insanely exciting and have many promises for and off the road, towing will remain a sore spot for the foreseeable future. Several recent tests have shown that electric trucks lose about 50%, if not more, of their range while towing a trailer or boat.
So if you have the luxury new F-150 Lightning EV, which should travel over 300 miles on a charge but is loaded with the whole family, equipment and trailer, you’ll need a charging station for 150 miles or less to be safe. Then you need to stop for 20-30 minutes to recharge. Again, this is not the worst thing in the world and EV buyers are aware of these challenges, but it is still a problem that we hope future vehicles can solve.
Electric trucks are still new and exciting and (at the time of writing) only two are available in the state – Ford F-150 Lightning and Rivian R1T. Eventually we will see a new Chevy Silverado EV, RAM 1500 EV in 2024, and several others. Maybe by then we will have better technology to take our electric vehicles and trucks farther than ever.
I’m not here to tell you that you shouldn’t buy an electric vehicle. There is very great reasons to buy. This is just a reminder that technology is new and evolving, and the future of all-electric vehicles, which I want, is not yet here.