Major technological changes are expected to occur, specifically in the auto industry. This change in the Auto Industry could have a severe impact on the growth of electric vehicles. China is known to create these electric vehicles, but it was made known that there is a whole new suite of features to be expected.
The Rise of the Auto Industry
As we find ourselves in the 21st century, where technology is on the rise and improving and advancing on a daily, it is essential to embrace all possible changes that the future might have in store. There are numerous benefits to utilising an electric car for example, for a consumer’s pocketbook and the plant as well. According to China’s industry experts, cars are at a point where it’s getting so advanced, that a name change should occur.
For this reason, there is a push for cars to be called electric intelligent vehicles and in short EIVs. This name will specifically be given to the cleaner rides as stated by Business Insider. Business Insider revealed that cleaner rides are leaning to the more affordable price category, with values starting at $26,000.
According to Pan Jian, the co-chairperson of Contemporary Amperex Technology (also referred to as CATL), the E enables the I. In other words, electronic (E) enables the intelligence (I) in EIVs. He further stated that it provides a whole new suite of features that will not necessarily be found in contemporary combustion-engine cars,
The new features: the end of electric cars?
There are various benefits for the new EIV cars. Xiaomi, known for its smartphone development expertise, developed an EIV. Some of the features that this EIV contains include the following aspects:
- AI dashboard-based assistant that has eyes
- Interacts with the driver
- Voice-recognition software
- Ability to control household appliances while on the road.
Auto Industry: EV Versus EIV
There is a difference between the Electric Vehicle (EV) and Electric Intelligent Vehicle (EIV) in the auto industry. An energy consultant from London, stated that it is easier to incorporate Artificial Intelligence (AI) functions in EV. This is due to the chips that is available in EV compared to internal combustion rides. Many of the traditional EV stress point are reducing and more and more advancements are arising.
Moreover, Motor Trend and other publications, indicated that there are less likely to occur battery fires than gas-engine blazes. It is further alluded to the fact that hundreds of miles of range, and charge times of a minute or so, are eliminating logistical fears. As we are looking towards how these new inventions in the auto industry, it can add to a more sustainable society, it is crucial to look at the numbers as well.
Thus, according to Sustainability by Numbers, it is estimated that about 30 million tons of minerals would be required per year to produce power for the transition to a cleaner future. This is compared to the 15 billion tons of fossil fuels that is already minded from the earth annually. It is therefore essential to note that, each EV replaces a gas-burner that will eventually prevents thousands of heat-trapping air pollution annually. This is supported by the United States’ Department of Energy data, and it adds that EVs are more sustainable long-term options, being something good for the auto industry.
It allows for the decreasing and prevention of fumes, which are crucial. As stated by NASA, the fumes which adds to pollution, links to increased risks of severe weather conditions. So, whether you are changing to an EV or EIV you can still manage to save around $1,500 per year in gas and maintenance costs. Also, to add to this you can manage to save up to $7,500 in tax incentives that will remain available. A continuous increase and advancement are occurring the auto industry, and therefore one should always be expectant.