Predicting the Future Impacts of Electric Vehicles

Many car manufacturers are now shifting their attention and efforts to producing dependable and affordable electric vehicles. Over the past decade or so, there have been some massively popular electric car models from Tesla, Toyota, Honda, and Nissan. Other car makers such as Mercedes, Rimac, and Maclaren have also made their mark in the industry by releasing powerful electric sports cars. The electric car it seems is here to stay and is beginning to make waves.

The Labor Market

There has been a growing concern and debate in the last few years over how the electric car will impact the automotive industry as a replacement for gas-powered vehicles. Some are worried about the loss of jobs in the petroleum industry, such as gas station attendant, refinery worker, oil miner, and gas station service technician, among other occupations.

Indeed, electric cars (once they replace the internal combustion engine) will completely disrupt the petroleum job market and related industries. However, the manufacture and servicing of electric vehicles should also create new jobs in various sectors. It’s still unclear how the newly created jobs would match up to the lost jobs since that should only happen way out in the future.

Energy and Environmental Sustainability

Looking on the brighter side of things, electric cars could actively contribute to energy and environmental sustainability. Over the years, there have been several predictions on when the global supply of fossil fuel will run out. Although there is still a lot of debate and speculation about when that will happen, the truth is, oil wells will eventually run dry.  The electric car promises that the automotive industry will still carry on even as the world runs out of petroleum.

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Unlike gas-powered cars, electric vehicles produce no emissions, are more efficient, and cost very little to run and maintain. Driving electric cars instead of gas-powered cars could reduce the car’s carbon footprint by a long way and its negative impact on the environment.

Electric cars are still years and perhaps decades behind from going mainstream. There are still some serious hurdles such as battery reliability, and charging infrastructure to overcome before that happens. So, the electric car’s impacts cannot truly be felt today or accurately predicted.