The hype of electric cars has taken over the world. The Automakers have globally pledged to launch EVs over conventional vehicles in near future. The trends in the electric market are evolving and more than 10 million users have invested in the same. The expansion in the electric vehicle charging infrastructure is growing with the tax incentives.
Electric vehicles with hefty battery plants and factors that contribute to the betterment of the future. The majority of factors lead to the growth and is one of the effective and efficient modes of transportation. The changing trends in the electric vehicles market have increased the sales as compared to previous year’s vehicles recorded at the I-5 Motors.
Here is the list of electric vehicles trends of 2021
Government Initiatives & Incentives
Electric vehicle use is contributing to the betterment of the future which is rewarded by the government in the form of tax exemptions and incentives. Recently, the US Senate is considering increasing the tax credits on EV purchases. The US Government has taken the steps to initiate the maximum tax refund for EV consumers that can go up to $12000.
The US Department of Energy has some factors on which tax credit has been approved and ranges between $2500- $7500 depending upon the battery capacity and vehicle rating. The tax credit has limits set for Automaker, if the sale crosses 200,000 vehicles there is no credit for consumers.
What do EV incentives include?
There are plenty of things that come under the incentives such as
- Tax credits for EV purchases.
- Rebates.
- Less vehicle registration fee.
- Fuel Technology loans.
Improved and high range
Electric vehicles are easy and comfortable to drive compared to gasoline vehicles. The high-end technology and upgraded designs make the drive better with increased range. The EV driving is more fun and exciting delivering a range of more than 200 miles in Chevy and GM vehicles. Explore the range of vehicles at Chevrolet Buick GMC.
Expansion of EV Charging structure
The public electric vehicle charging infrastructure is growing due to the increased demand and consumption of electric vehicles across the country. There are myriad steps taken by the US government to promote the consumption of electric vehicles.
There is the introduction of different programs that are being funded for the use of 2021 electric vehicles are
- Promoting the usage of electrified vehicles.
- Home charging with tools and equipment.
- Providing funding for the installation of charging station tools and pieces of equipment.
- Conducting programs and educating people about EVs
- Low rates of electricity.
Encouraging the installation of Home EV Charging Stations
The home EV charging stations are more efficient than ever but quite expensive to install and there are chances it doesn’t support every electric vehicle. The home charging stations architecture is more improved and fast charge the vehicles as compared to previous chargers that require ample amount of time. The current generation charging station is boosted by the DC fast charging that fully charges the vehicle in a short span of time and has excellent charging capabilities.
Increased EV Sales
In the year 2021 or upcoming, the EVs are thriving and no doubt their sales will touch the sky. The Automakers are offering power-packed EVs with incredible features that blow one’s mind when driving. The pandemic has affected the sales but gradually the market is recovering and amping up the sales and revenue. There are exciting deals and offers for electric vehicles at Briggs Buick GMC-Manhattan. The future is electric. Make sure you invest wisely in high-end technology vehicles with no loud squeaky sounds running silently on the road.
