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What is EV Frenzy?

Anyone who hasn’t been living under a rock in recent years will have seen or heard of electric vehicles. They are practically everywhere now, and one can scarce go to the supermarket without seeing an example of one, quietly zipping down the road. The appeal for electric cars is clear to most, but many will understand that it goes deeper than that. The world is currently amid an ‘EV frenzy’, which essentially just refers to how everybody and their aunts want an electric car right now. Of course, there will be many who do not call themselves part of this group, but the term is used to refer to the overall attitude towards electric cars at the moment.

As the world has become more environmentally conscious, many industries are becoming aware of the impact that they are having on the planet. The automotive industry is one of the prime suspects for this, considering traditional cars have engines that emit waste products into the atmosphere, in effect polluting it. Many have claimed that ICE (internal combustion engine) vehicles have been around since the start of the last century, and no negative effects have been seen just yet. The keyword here is yet, and as ICE cars have become more popular and spread around the globe, the effects they have compounded. This is why so many people encourage the development of electric vehicles, as they do not pollute nearly as much as ICE cars do.

To get an idea about how much people love electric cars, one must only look at Tesla and compare its stock price now to what it was ten years ago. Since it first started public trading, the value of the company has risen to astronomical amounts, charting people’s desire to buy one of the companies prestigious EVs. There is no doubt that Tesla is at the forefront of the EV market, which would explain why so many people want one. The kind of growth that Tesla has seen is reminiscent of the gambling industry, which has also soared in recent times. People can see this by the number of Bitcoin Online Casinos there are, as the amount that exists on the web is an indicator as to the scope of the industry.

More focus is being placed on our impact on the Earth. The recent COP26 conference shows that world leaders are paying more attention to the issue, but the outcome of that particular event shows that still not enough is being done. The existence of electric vehicles is an opportunity for ordinary people to do their part in the face of this, which is why so many people have made the switch. The benefits do not just stop at being environmentally friendly, though. Those who buy an electric vehicle will realise cheaper running costs, faster acceleration, and fewer surprise repair bills.

It should now be clear what EV frenzy is and why so many people have it, but this can only be a good thing. A world where everyone has EVs is one that is one step closer to being perpetually habitable.

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