EV market growth is beginning to slow. Recently the world's
media started covering the decline in EV sales and the many reasons it's happening.
Tesla sales continue to drop in several markets, and the company has lost half a trillion USD in value. But, Tesla is not alone, every EV maker has seen their market share and their stock price collapse. The sector has laid off or fired thousands of employees, including many top executives. Even in China it has been reported that 93% of their EV makers are about to
go bankrupt and the country is littered with thousands of unsold EV's. Note: Red texts are web links.
Governments now think tax subsidies for EVs are a bad investment. In the face of waning market demand
China and
Europe have started pulling back on tax subsidies for EVs, and it looks like America will
follow! Several recent
studies have revealed that about half of EV owners are returning to petrol-fueled cars. These events have prompted much of the auto sector
to scrap its EV plans.EVs could be more refined. EV drive systems and performance have become very refined. But,
range anxiety and
charging time trauma they cause could use a lot more refining. The fact that EVs haul around a
half tonne or more of batteries which contain less energy than just 15 kg of fuel, is clearly an area that needs a second look, and more refinement. This weight makes EVs handle like an overloaded truck, and worse causes them to take up to
20 meters farther to stop in an emergency. Is this why EV drivers are
more often at fault when they hit another car? Another area where EVs could use some refinement is their source of energy. The world grid has more than 4,400 coal or
fossil-fueled steam engines powering it. This 19th-century technology emits millions of tons of
toxic gasses containing particles of arsenic, beryllium, cadmium, chromium, lead, manganese, nickel, radium, and selenium. Even hydroelectric
emits three billion tons of greenhouse gasses every year. There are so many reasons for the growing
resistance to EVs.
Kamtech RE can bring refinement and solutions to all these issues,and conserve the resource that has lifted billions of people out of poverty,
fossil fuels.