It is now clear in some years to come, every new car would be battery-electric, or at least, a plug-in hybrid, while ICE vehicles would bite the dust. Even so, now in 2024, the shift to EV models is becoming stronger, with more brands investing heavily in creating new platforms, software technologies, and stronger batteries to use in their proposed EV models.
Yes, there have been EV models before now, but this year alone, there has been like a rush among automobile manufacturers – several new EV models of iconic car models have been launched. In this article, we’ll look into the latest trends and EV models that have been launched this year – 2024.
The Rapid Evolution of Electric Vehicles: Latest Trends and Advancements
The demand for electric vehicles has surged over the years and auto brands have started deploying several new technologies to cope with the ongoing shift in the industry. Also, governments around the world have been setting regulations to reduce carbon emissions, and granting incentives for EV purchases, which has further increased the demand for these vehicles.
But that is not the main deal; the main deal is how EVs have evolved over the years. Initially, EVs could travel long miles as their batteries weren’t strong and durable, but brands like Tesla have so much improved their battery techs that their EV models can compete with ICE vehicles in long-range drag races.
Now, other companies are also building their batteries to be much stronger and equally charge faster. Improvements in battery technologies are one of the driving forces for the increase in demand for EV models. Car buyers are now willing to opt for electric models over traditional ICE vehicles.
However, although EVs are powered by a different drivetrain/powertrain, most of its components are the same as what you’d find on ICE variants of the same car. For example, when it comes to shock absorbers, both EVs and ICE vehicles use this component as part of the drivetrain and the function is the same on the cars.
Why the Shift to Electric?
Several reasons are behind the growing popularity of electric vehicles, which are explained below:
1. Environmental Benefits: EVs produce zero emissions, which significantly reduces air pollution and promotes greener environments.
2. Lower Operating Costs: Somehow, EVs are cheaper to own than ICE cars as electricity is cheaper than gasoline, and EVs have fewer moving parts, which means lower maintenance costs.
3. Improved Technology: Advances in battery technology have increased the range of EVs, making them more practical for everyday use. Additionally, there are now more charging stations than ever, making it easier for EV owners to charge on the go.
4 Government Incentives: Many governments offer financial incentives, such as tax credits and rebates, to encourage the purchase of electric vehicles.
Latest Electric Vehicle Models of 2024
2024 has brought a wave of new electric vehicle models from both established brands and new entrants. Tesla has updated its Model 3 with a refreshed design, improved range, and enhanced autonomous driving features. Also, Ford followed suit and launched the 2024 Mustang Mach-E GT, which is a high-performance truck!
Other companies like Rivian released rugged, adventure-ready electric trucks and SUVs; the 2024 R1S is a full-sized electric SUV that combines luxury with off-road capability. With a range of up to 300 miles and advanced features like an adjustable air suspension. Now came Volkswagen with the ID. Buzz van (microbus) and ID.4 models. The 2024 Nissan Ariya and BMW iX3 are equally among the top launches of the year.
Electric Vehicle Technological Advancements in 2024
EV battery technology has seen rapid improvement; the new batteries now offer longer life and faster charging times. Solid-state batteries, in particular, are becoming more viable, offering higher energy density and improved safety compared to traditional lithium-ion batteries used earlier.
Also, these newer EVs feature a Vehicle-to-Grid (V2G) technology that allows the cars to return energy to the grid when they’re not in use. Some models also support wireless charging (though this feature is still in its early stages). The major breakthrough technology in the market is the improved range and efficiency offered by these new models.
