Know the difference between hybrid, plug-in hybrid, and Electric Cars.

Introduction: Electric cars, Hybrid cars & Plug-in Hybrid cars.

Hybrid cars also known as self-charging cars incorporate a small battery and an electric motor to boost efficiency. It requires a petrol or diesel engine as its primary propulsion and then runs in pure electric mode.

In plug-in hybrid vehicles, apart from petrol or diesel engines, a larger battery is also incorporated there, delivering an electric range of up to 50 miles, depending on its model.

The battery of a plug-in hybrid car is used to recharge with a home charging point or can also be charged using a public charging network.

Electric cars, battery electric vehicles, or all-electric battery vehicles depend completely on a battery pack as its means of propulsion. It must be plugged in when the battery is low on juice.

Remember this rule:

In a hybrid you cannot plug in, in a plug-in hybrid you should plug in, and in an electric car, you must plug in.

1. Hybrid Cars:

Electric Cars ,Hybrid Cars: Toyota Prius

The most famous hybrid car on the planet is Toyota Prius, which was launched in 1997. This was the world’s first mass-produced hybrid vehicle.

A hybrid car pairs an electric motor with a petrol or diesel engine. It means the driver has access to three forms of propulsion i.e. by engine, by pure electric, or both. Hybrid cars are more efficient and economical than conventional gas-powered engines.

Hybrid Cars: Pros and Cons:

Pros:

1. Familiarity:

The hybrid car is very familiar with the conventional gasoline-powered vehicles. While driving, you will not notice much difference between both and even need not to worry about recharging the battery.

2. Efficiency:

In hybrid vehicles, an electric motor is there to improve fuel economy and overall efficiency. Hybrids are more efficient than petrol, and more economical than diesel cars in the town.

Hybrid vehicles can recharge their batteries either by using an internal combustion engine or by regenerative braking. In regenerative braking, the energy that would have been lost under braking or when lifting off the accelerator pedal is diverted to the battery to power the electric motor.

3. Tax:

The government has announced Tax rebate on hybrid vehicles. As per rule, lower CO2 emission means lower vehicle excise duty (VED), especially in the first year of purchase of the vehicle.  

4. Towing:

For anyone looking for an electric car for towing, the hybrid car is the best choice. The maximum towing capacity might be slightly less in hybrid cars as compared to petrol or diesel cars but it is significantly more than of a pure electric car. Even many electric cars are not allowed and approved for towing purposes.

Cons:

1. Cost:

The cost of purchase is higher in the case of hybrid cars as compared to petrol or diesel cars.

2. Range:

The electric range of hybrids is very limited.

3. Ban:

As the government aims to go carbon neutral by 2050, The sale of new hybrid cars is to end in 2035 and petrol and diesel cars are already going to be a history after 2030.

2. Plug-in hybrid cars:

Electric cars Plug-in hybrid

The PHEV, a Plug-in hybrid vehicle is equipped with a battery pack to store and deliver power to an electric motor to run the petrol or diesel engine. The battery pack in the plug-in hybrid vehicle is recharged at home or a public charging network.

The plug-in hybrids are gaining popularity and in the U.K the Mitsubishi Outlander PHEV is the best-selling car model.

Because of a large battery pack, the plug-in hybrid vehicles travel more than the hybrid on electric power.

Generally, a plug-in hybrid car should go up to 20-30 miles of electric range, and in some brands and models, it can go up to even 50 miles of range. The BMW X5 xDrive45e claims a range of 54 miles.

Plug-in hybrid cars: pros and cons

Pros:

Backup engine:

In plug-in hybrid vehicles, the petrol or diesel engine supports the running range of the vehicle, and there is no range anxiety. When the battery is exhausted, the vehicle switches to a petrol or diesel engine. Moreover, refueling petrol or diesel is just like that of conventional gas-powered vehicles.

Less Fuel Consumption:

The plug-in hybrid cars typically start in electric mode and generally, people do not require running the gas engine to complete the shorter trips. Indeed, the average car’s daily trip is generally not more than 10 miles, and for this, the driver does not require switching the gas-powered engine.

Tax:

Especially for company car drivers, it matters great in tax benefits as the Lower CO2 emission means the Tax benefits are greater.

Lower Running Cost:

Driving of Plug-in Hybrid is as easy as a regular gasoline car, only you need to plug-in the vehicle as and when required. The combination of electric and petrol and diesel power delivers improved performance without the high running costs of a fast petrol car. Although, it is a very minor thing but in case if you don’t have access to a charging point, no need to worry much, you simply use the engine until you get home or find a charging station.

Cons:

Upfront cost:

The initial investment cost of a plug-in hybrid is a major drawback. For example, the cost of the Hyundai Ioniq hybrid is around £24,000, while the plug-in hybrid and electric versions are priced at around £30,500.

Change In Driving Habits:

The plug-in hybrid drivers will have to add in their habits of recharging their car before going for the next trip, otherwise, they will have to switch on the conventional gas engine petrol or diesel mode, which will be expensive. A plug-in hybrid is not the best choice if you are not using the battery mode.

Handling:

The Plug-in hybrids are fast in a straight line, with plenty of torque for swift overtaking. The weight of the big battery pack can have a slight disadvantage on the car’s ride and handling. They are less comfortable over pitted roads and more bulky when cornering.

3. Electric cars:

Electric Cars :Tesla

Electric Vehicles in India are growing rapidly. It is a demand to go green and save the environment with sustainable development. In this way, alternative fuel vehicles are in global demand. Electric vehicles are the most popular and adopted way to go green globally. In India, many Indian manufacturers as well as foreign investors have already launched many brands in the Indian Market.

India is growing their electric vehicles market in all segments like two-wheelers, Three-wheelers, four-wheelers, and commercial buses & trucks.

Indian Government has supported with several rebates like manufacturing rebates to the producers and tax rebates to the customers.

Electric cars: pros and cons:

Pros:

Incentives:

The government is offering a rebate of £2,500 towards the cost of new electric cars costing less than £35,000.

A separate grant of £350 is available via the electric vehicle home charge scheme when buying a home charge unit.

Tax:

The government taxes on the purchase of all-electric cars are meager and rebated. These vehicles qualify for the free VED (vehicle Excise duty), lowering the purchase cost.

Low Running Cost:

An electric car is always cheaper to run than a petrol or diesel car. It will be more economical if you charge at home and take advantage of special tariff offers to electric vehicle owners. 

The servicing and maintenance cost of electric vehicles is much less as there is no engine and hence no need to do periodic maintenance like lubrication, oiling, etc.

Air quality:

The main attraction of electric vehicles is their zero-emission quality, as there is no combustion engine and no tailpipe.

Driving experience:

The instant torque makes an electric car responsive and fun to drive and gives a great driving experience.

Cons:

Quoted range:

The range of electric cars is a major part of the concern. For a long go you, if your battery juiced, then there is no other option left with you, to go further.

With the range of available electric cars, you do not even think about running long in a single go.

.

Upfront Cost:

Although the running cost is lower in the case of electric cars, the initial upfront cost is big.

A figure of around £30,000 is more realistic, while some upmarket EVs break the £100,000 mark. 

Charging:

Anyone without access to a garage, driveway, or off-street parking might struggle to charge an electric car at home, and while the public charging network is getting better rapidly, some areas remain underserved, and there are some reports of inoperative charging units.

Conclusion:

So, if you are planning to go green on wheels and are willing to purchase an alternative fuel vehicle. Think once which one either hybrid, Plug-in hybrid, or electric vehicle is good for you? It all depends on your circumstances, so doing some planning and market surveys is essential.

If your daily running by car is within the city and not much more range is required, then go for the hybrid. A hybrid is a better alternative to a petrol or diesel car, for short trips and city movements.

A plug-in hybrid is an excellent route to a pure electric car, only you must plug it in, before your drive.

The pure all-electric car is the best alternative fuel vehicle with many new technological advances, government rebates, and support.

Global Alternative Fuel Vehicles market Revenue is estimated to reach USD 3,710 billion by 2032

Introduction:

The alternative fuel vehicles are utilizing non-conventional fuel sources and these vehicles are growing very rapidly. The global alternative fuel vehicle market was at 401.1 billion US dollar in the year 2022 and is expected to grow up to 3710 US dollar by the year 2032 with 25.2 % growth in CAGR. The growth is related to the increasing demand for eco-friendly transportation, new advanced technologies, and favorable government policies.

Key Points and Statistics on the Alternative Fuel Vehicles(AFV)Market:

  • The market is expected to grow up to 3710 US dollars with 25.2 % growth in CAGR.  from 2023 to 2032.
  • The Asia-Pacific region managed the market with over 200 billion US dollar value in 2023.
  • The Middle East & and African market is estimated to record a CAGR of around 25% from 2023 to 2032.
  • As a sub-segment, the passenger vehicles generate around more than 42% share in the year 2023.

Alternative Fuel Vehicles(AFV) Market Overview and Analysis:

The increasing concerns over climate change, general awareness toward clean and green environment various supportive government schemes are the key parameter which are driving the market. Even though, various challenges like high initial costs, very few model options, and a minimal infrastructure are still a big hurdle in the expansion of these vehicles.

Latest Alternative Fuel Vehicles Market Trends and Innovations:

The alternative fuel vehicles market is observing several trends and innovations, including:

  • Increasing adoption of electric vehicles (EVs).

The electric vehicles are gradually becoming popular because of its ecofriendly characteristics, benefits, and very less operating costs. In 2021, global EV sales crossed 10 million units, a more than130percentage increase from 2020.

  • Growth in the hydrogen fuel cell vehicles (HFCVs) sector.

The hydrogen fuel cell vehicles are one more type of alternative fuel vehicle, which is growing rapidly. HFCVs are zero-emission vehicles and is having a longer range than Electric Vehicles. In 2021, global HFCV sales reached 2,000 units, a 43% increase from 2020. The market size of HFCVs in 2023 was valued at 2.19 billion U.S. dollars and is expected to grow up to 62.88 billion dollars by 2032.

  • Expansion of charging infrastructure.

The expansion of charging infrastructure is essential to support the growth of the EV market. In 2021, the global EV charging infrastructure market was valued at $12.8 billion and is expected to grow to $28.9 billion by 2028.

  • Diversity of alternative fuel vehicles.

The alternative fuel vehicles market is becoming gradually diverse, with a variety of options available to buyers. In addition to Electric Vehicles and HFCVs, other alternative fuel vehicles are biofuel vehicles and NGVs (natural gas vehicles).

Major Growth Drivers of the AFV Market:

The factors, which governs alternative fuel vehicles market, are:

  • Increasing concerns over climate change and environmental impact.

Consumers are increasingly concerned about the environmental impact of their transportation choices. This is driving demand for alternative fuel vehicles, which are more environmentally friendly than traditional gasoline-powered vehicles.

  • Favorable government policies and consumer demand for green vehicles.

Governments around the world are implementing policies to promote the adoption of alternative fuel vehicles. These policies include tax incentives, rebates, and access to HOV lanes. Consumer demand for green vehicles is also increasing, as consumers become more aware of the environmental benefits of alternative fuel vehicles.

  • Technological advancements in vehicle manufacturing and fuel efficiency.

Technological advancements in vehicle manufacturing and fuel efficiency are making alternative fuel vehicles more affordable and accessible to consumers. For example, the cost of batteries for EVs has been declining in recent years, making EVs more affordable for consumers.

Key Challenges Facing the AFV Industry:

The alternative fuel vehicles industry faces several challenges, including:

  • High initial investment and ownership costs.

The high cost of the battery for electric vehicles and the cost of the hydrogen fuel cell for HFCVs are the major challenges for alternative fuel vehicles. This causes a higher initial investment and ownership cost than conventional gasoline-powered vehicles.

  • Limited availability of models and infrastructure for alternative fuel vehicles.

The availability of alternative fuel vehicles is still limited in many parts of the world. This is because alternative fuel vehicles are still a relatively new technology. Additionally, the infrastructure for refueling alternative fuel vehicles is not as widespread as the infrastructure for refueling traditional gasoline-powered vehicles.

Despite these challenges, the alternative fuel vehicles market is expected to continue to grow in the coming years. This growth is being driven by the increasing concerns over climate change and environmental impact, favorable government policies and consumer demand for green vehicles, and technological advancements in vehicle manufacturing and fuel efficiency.

Market Segmentation Insights:

According to Fuel Type:

  • Electric Vehicles (EVs)
  • Hydrogen Fuel Cell Vehicles (HFCVs)
  • Biofuel Vehicles
  • Natural Gas Vehicles (NGVs)

According to Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle
  • Two-Wheelers

According to Application:

  • Transportation
  • Chemical
  • Agricultural
  • Industrial
  • Others

Overview by Region of the AFV Market:

The Asia-Pacific market is the leading one and is concerned with increasing pollution issues and driven by favoring government initiatives. North America and Europe also have a remarkable contribution with constant advancement and regulatory support. The Middle East & Africa region is expected to witness rapid growth due to increasing awareness and adoption of alternative fuel vehicles.

 North America and Europe also hold significant shares, with ongoing advancements and regulatory support. The Middle East & Africa region is expected to witness rapid growth due to increasing awareness and adoption of alternative fuel vehicles.

“As The Electric Vehicles Sales Climb In U.S, It Sets A New Record In Fuel Economy In The Year 2022.”

A brief News About Electric Vehicles:

Electric Vehicles : FILE - A car is fueled at a Costco Warehouse gas station in Cranberry, Pennsylvania,

Electric Vehicles: – A car is fueled at a Costco Warehouse gas station in Cranberry, Pennsylvania

The Voice of America News Radio aired that the new Electric vehicles in the U.S. set a high record in fuel economy last year with the biggest yearly enhancement in nine years to an average of 11 kilometers per liter i.e. 26 miles per gallon as electric vehicle sales go up on a rise.

The Environmental Protection Agency reported that vehicles were up 0.2kp/l (0.6 mpg) over 2021 and no electric vehicles and plug-in-hybrid vehicles improved the average fuel economy by 0.5 kp/l (1.2mpg) in 2022. EPA had already reported in a forecast that fuel economy would increase to 11.4 kp/l (26.9 mpg) in 2023.

Michael Regan, the Administrator of the Environmental Protection Agency report, “highlights the historic progress made so far by the industry to reduce climate pollution and other harmful emissions.”

Automakers use credits to meet their requirements. The report showed that the major EV manufacturer, Tesla sold extra emissions credits, and General Motors and Mercedes-Benz purchased credits in 2022.

Out of the major automakers, Stellantis had the lowest fuel economy and the next two are General Motors and the Ford, while the Tesla is the most efficient followed by Hyundai and Honda.

The horsepower, vehicle weight, and size all hit new records in 2022 and again hit remarkable records in 2023.

The Environmental Protection Agency said electric vehicles, plug-in hybrids, and fuel-cell vehicles production was 7% in the year 2022 and around 12% in 2023. The average range of EVs rose to a new high of 490 kilometers (305 miles), which is four times more than that of the range in 2011.

The report showed Americans kept moving away from cars and are buying more SUVs. Sedans and wagons fell to just 27% of vehicles sold in 2022, while SUVs rose to 54%.

The senior vehicles analyst at the union of concerned scientists, Mr. Dave Cooke, told that as per the report emissions from gas-powered vehicles have hardly moved since 2015.

Mr. Cooke also said, “Automakers are lagging in their efforts to clean up conventional gasoline vehicles, which are still the vast majority of new vehicles sold and will be on the road for years to come.”

The Environmental Protection Agency proposed sweeping emissions cuts for new vehicles through 2032, including a 56% reduction in projected fleet average emission over 2026 requirements that it says would result in 67% of new vehicles by 2032.

The director of the Center for Biological Diversity’s Climate Transport campaign, Mr. Dan Becker, said the Environmental Protection Agency should finalize even tougher rules to save the environment and for Zero emissions but the automakers and the United Auto Workers Union want the EPA to soften the rules and its proposal set for final approval.

References:

  1. www.voanews.com

www.voanews.com›a›us-vehicles-set-fuel-economy-record-in-2022-as-ev-sales-climb›7406311.html

2. newsimpossible.com

newsimpossible.com›epa-reports-record-breaking-fuel-economy-for-u-s-vehicles-in-2022-model-year

3. web.archive.org

web.archive.org›web›20231225015315›https:››www.voanews.com

Verified by MonsterInsights