Innovative technologies have a way of changing the world rapidly that too in an unpredictable way. Ten years ago, a new era started as smart phone was introduced. Currently, more than half of the population owns smart phone and won’t be able to part from their beloved phones.

Similarly, in 2012, Tesla introduced their revolutionary Model S electric car. Nobody believed that these electric cars would be successful let alone shake up the entire automobile industry.

Till date, the sales of electric vehicles is increasing continuously. This vehicle is popular in high class society due to since it is quite expensive due to high voltage lithium ion battery. But still these doesn’t hold back to create a new era of electric cars.

Currently, most electric vehicles are 20 to 25 percent more expensive than gasoline or diesel-powered vehicles due to high voltage battery. However, battery costs are coming down as worldwide production ramps up. Over the past ten years, battery costs have already dropped 87 percent, and will continue to decline. So the industry experts predict that electric vehicles will sell similar to gasoline or diesel-powered vehicles. In other words, there will no longer be a price penalty for buying an electric vehicle.

Now, every auto maker is trying to to develop and produce new generations of Plug-in Electric Vehicles (PEVs). Maybe in next 5 years we would be able to see hundreds of brands producing new electric vehicles.

The new vehicles include passenger cars (both traditional sedans as well as ultra-high-performance super cars), SUVs and light trucks. Some of the new models that have been announced:

  • Audi e-tron SUV
  • BMW i4
  • GM electric Hummer
  • Ford F-150 Electric pickup truck
  • Ford Mustang Mach-E SUV
  • Mercedes-Benz EQC
  • MINI electric hardtop
  • Nikola Badger electric pickup truck
  • Polestar 2 (made by Volvo)
  • Porsche Taycan electric sedan
  • Rivian R1t and R1s electric pickup trucks
  • Tesla Cybertruck
  • Tesla Model Y
  • Volvo XC40 Recharge SUV
  • Volkswagen ID.4