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Thinking about buying an electric car? The expert spoke about the advantages and disadvantages of this approach.

  • January 13, 2024
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In the first quarter of 2023, more than 2.3 million electric vehicles were sold worldwide (25% more than in the same period last year) and this year growth

Thinking about buying an electric car?  The expert spoke about the advantages and disadvantages of this approach.

In the first quarter of 2023, more than 2.3 million electric vehicles were sold worldwide (25% more than in the same period last year) and this year growth is expected to be 35% compared to last year. , with 14 million units.

According to a report prepared by Andi and Fenalco, 14,572 hybrid vehicles were sold from January to July last year, representing an increase of 3.5 percent year-on-year.

In the context of growing interest in sustainable mobility, electric vehicles are positioned as an attractive option in Colombia as, despite a commitment to climate neutrality, global CO2 emissions reached an all-time high last year despite the global economic downturn.

Taking into account this issue and the challenges it poses, OBS Business School is publishing its III Electromobility Report, prepared by May Lopez, professor at the school and director of development of the companies’ platform for sustainable mobility.

2024 Trends in the Automotive Sector

In Colombia, new car sales are falling and used cars are rising in price; The overall outlook for the sector has been weakened by high gasoline prices.

However, the field of electric vehicles has surpassed all expectations and set a new historical record in these technologies. In the first quarter of 2023, 2.3 million electrified vehicles were sold worldwide, up about 25% from the same period in 2022. Last year ended with estimated sales of 14 million units worldwide.

In terms of electric vehicles, 3,718 units were registered last year, up 13.6 percent from 2022.

Lopez argues that “the electric cars that sell the most have the highest price, but at the same time they are inefficient and therefore more polluting, not only in terms of energy and raw material consumption, but also in terms of their production” . . These vehicles, in addition to requiring more electricity due to their greater weight, also generate more ultrafine particles due to the breakdown of their tires, and also require larger batteries, often two or three times larger than those of smaller cars.

While the supply of electric vehicles continues to grow, the report notes that the availability of alternatives in the market is still insufficient. Additionally, he believes that “full information about the full life cycle cost of a vehicle should be available to buyers to facilitate decision-making, since it is possible that ecology and economics can go hand in hand,” Lopez explains.

Benefits of electric vehicles in Colombia

  • Environmental sustainability: According to the Ministry of Environment and Sustainable Development, electric vehicles reduce CO2 emissions by an average of 70% compared to internal combustion engine vehicles.
  • Lower maintenance cost: Statistics from the National Sustainable Mobility Association show that maintenance costs for electric vehicles can be up to 30% lower due to fewer moving parts.
  • Energy efficiency: According to research by the Sustainable Energy Agency, electric cars have an energy efficiency of approximately 90%, while gasoline cars barely reach 20%.

Challenges and Disadvantages of Electric Vehicles in Colombia

  • Infrastructure with limited load: Despite the growth, data from the Ministry of Transport shows that Colombia has about 2,500 public charging stations, which is still not enough for current demand.
  • High initial cost: According to the Chamber of Automobile Manufacturers, the price of an electric car is on average 30% higher than a similar car with an internal combustion engine.
  • Autonomy and charging time: According to recent user data, the average range per charge is between 250 and 350 km, although recharging time on conventional chargers can range from 4 to 8 hours.

The transition to electric vehicles in Colombia shows clear benefits in terms of environmental and efficiency, although there are still significant challenges to be faced, especially in the areas of infrastructure and initial costs. “Rules are already in place to accelerate change, but the report highlights the need for the administration to ensure compliance; develop municipal public charging infrastructure programs, just as they do with public lighting; and, above all, to keep the issue out of the political debate in order to work together between the public and private sectors,” explains Lopez and adds, “it is important to raise awareness in order to generate greater commitment in society, avoiding disastrous or contradictory messages.”

Source: Technocio

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