The potential of the electric mobility industry
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Electric mobility is a form of mobility that makes use of electric motors to generate locomotion, thus offering solutions for short and long trips and cargo transportation. The electric mobility industry also offers the possibility of mitigating polluting gas emissions due to the greater efficiency of the electric motor, which is 90% compared to 25% for gasoline or 30% for diesel.
In the Latin American and Caribbean region, transportation represents more than 20% of total CO2 emissions and is the cause of other pollutants caused by internal combustion engines that are a danger to human health, therefore, electric mobility is considered key to achieving sustainable mobility, gaining increasing support through public policies and the generation of regulatory frameworks that regulate it.
In this sense, the countries of the region are focusing their efforts on electric mobility, which, beyond its impact on the reduction of greenhouse gas emissions, represents the challenge of rethinking the use of the energy matrix. Residential emissions factors in the region are more than 30% lower than in the United States and more than 15% lower than in some European countries.
Without realizing it, thanks to the massive consumption of fossil fuels that comes with everyone having their own car, we caused the acceleration of global warming that we are trying to combat today.
Costs and benefits
Electric vehicles show how fast electromobility technologies are advancing. One example is the decrease in battery costs, which in 2017 cost $300 per kWh, and are expected to be around $100 per kWh by 2025.
Another important factor in the electric mobility industry is the charging infrastructure, which is expected to reduce its costs by 40% by 2025, facilitating its implementation. In addition, reductions in operational costs offset the price differences between electric and internal combustion cars.
Due to the above, the electric mobility industry represents an attractive investment field; investors see great potential in it, as there is the possibility of accelerating the incorporation of clean energies in public and private transportation around the world. The transportation sector expects a technological transition with the advent of electromobility. Its successful implementation depends in large part on understanding the automotive market and its future projections.
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