The future of alternative fuel vehicles is bright, especially as petrol and diesel become old and obsolete. The new generation of car buyers is more conscious about the environment. At the same time, they want smarter fuels for their vehicles. Petrol and diesel just don’t cut anymore. In fact, there are an increased number of used cars on the streets, thanks to the environment-friendly buyers.
The first choice amongst consumers is electric vehicles. Launched with much fanfare by Tesla Motors, electric vehicles are making headlines. Mitsubishi and Nissan are other prominent players in this car segment. However, it was Ford that brought out the first ever fully electric car on the market in 2013.
One can say without a doubt that the EV industry has seen significant development and expansion in the past few years. To begin with, it used to be an annoyance to deal with the charging aspect of EV ownership considering the distance needed to be covered to reach a public charging station. But now, with the help of RAW charging and many other similar companies, charging ports have been made significantly more accessible, making it easy to have a few units installed in commercial, hospitality-based, and residential properties. Furthermore, the range offered by many EVs has now been increased, offering higher mileage and fuel efficiency. This makes it a strong contender for fuel alternatives.
Another alternative is hydrogen cars. Eastern car makers, Toyota and Hyundai are fighting for a chance to make better hydrogen cars. Toyota seems to have gained an edge over Hyundai with millions of dollars in funding which keep the car maker ahead of the competition. Of course, there are other fuel options as well. A customer can now purchase a car that runs on Compressed Natural Gas (CNG), biofuel or even ethanol. For those who are looking for cheaper alternatives but want to stick to the traditional diesel and petrol varieties, used cars present a fantastic opportunity. Do you want to know more about alternative fuel vehicles and how this segment is quickly becoming popular among major automakers?
Check out the Infographic below.