Electric Vehicles Stocks List

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Electric Vehicles

An electric vehicle (EV), also called electrics is a vehicle that uses one or more electric motors or traction motors for propulsion. An electric vehicle may be powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels, fuel cells or an electric generator to convert fuel to electricity. EVs include, but are not limited to, road and rail vehicles, surface and underwater vessels, electric aircraft and electric spacecraft.
EVs first came into existence in the mid-19th century, when electricity was among the preferred methods for motor vehicle propulsion, providing a level of comfort and ease of operation that could not be achieved by the gasoline cars of the time. Modern internal combustion engines have been the dominant propulsion method for motor vehicles for almost 100 years, but electric power has remained commonplace in other vehicle types, such as trains and smaller vehicles of all types.
Commonly, the term EV is used to refer to an electric car. In the 21st century, EVs have seen a resurgence due to technological developments, and an increased focus on renewable energy and the potential reduction of transportation's impact on climate change and other environmental issues. Project Drawdown describes electric vehicles as one of the 100 best contemporary solutions for addressing climate change.Government incentives to increase adoption were first introduced in the late-2000s, including in the United States and the European Union, leading to a growing market for the vehicles in the 2010s. And increasing consumer interest and awareness and structural incentives, such as those being built into the green recovery from the COVID-19 pandemic, is expected to greatly increase the electric vehicle market. A pre-COVID 2019 analysis, projected that Electric vehicles are expected to increase from 2% of global share in 2016 to 22% in 2030. Much of this market growth is expected in markets like North America and Europe; a 2020 literature review, suggested that growth in use of electric vehicles, especially electric personal vehicles, currently appears economically unlikely in developing economies.

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