Electric vehicles are becoming increasingly popular. According to new data from the automotive industry, 10% of new vehicles sold in 2022 were EVs, which is a significant increase from just one or two percent in previous years. This demonstrates that EVs are reaching a critical mass in the market.
With this growth, electric vehicles are becoming a significant portion of new cars sold. Even if you don’t own an EV, this trend will impact the driving experience and resources available in the automotive marketplace. For instance, you may see more charging stations at gas stations. Shell oil has acquired an EV charging company for $169 million, indicating that they will be installing charging stations at gas stations.
The increasing popularity of electric vehicles will bring changes to the automotive industry, even for those who do not own an EV. With more charging stations and other resources becoming available, the driving experience is likely to evolve.
If you’re upgrading something in your house that requires electrical work, consider installing an EV charger in your garage, even if you don’t have an electric vehicle yet. Adding an EV charging circuit to a 220-volt circuit is not very expensive, and the hardware is quite affordable. You can buy four, five, or six feet of number two wire, a 220-volt plug, and a bracket for less than $100. The cost of labor to hook it up to your breaker box or service box is typically the most expensive part.
If you already have an electrician doing work in your garage, it’s worth having them install the charging port while they’re there. It’s a minor addition that only requires a plug. Even if you don’t plan on getting an EV anytime soon, it’s worth considering installing the charger. If you decide to sell your house, the next buyer is likely to have an electric vehicle, so having a charging port could be an advantage.
To prepare for the growing popularity of electric vehicles, it’s a good idea to assess your driving habits and plan accordingly. Consider where charging stations are located, how many miles you typically drive, and what range you need.
With EVs accounting for 10% of the market, it’s essential to anticipate how this shift will impact your lifestyle, especially if you currently drive a gasoline vehicle. This consideration can help you determine where to live, what activities to participate in, and even what type of employment to seek to match the EV future. In areas where gasoline vehicles are less common or even in the minority, adapting to an EV lifestyle may become a necessity.