EVs: Transparency in Efficiency is the Need of the Hour
People are being misled with the thought that greener products are less convenient, more expensive, and barely functional.
Electronic vehicles are making a grand entry in the automobile sector, with more people preferring to buy them. But if we look closely at the EVs improvements, the vehicle is attracting people who are at a well-established place. A normal perspective is left out from the EV section. This is due to the lack of knowledge about EVs among laymen and the absence of transparency.
Whether you agree or not, EVs are a new concept to the pollution-free world. People are less familiar with new inventions and take much time to trust and interest them. Electronic vehicles obviously come in that category. The electronic vehicle manufacturers are still to earn people’s trust. According to a Transparency ROI study, nearly 94% say that they are likely to be loyal to a brand that offers complete transparency. Besides, around 73% say they would be willing to pay more for products that offer complete transparency in all attributes. Transparent companies share information relating to performance, revenue, internal processes, sourcing, pricing, and business values. If we take this information into account, EV manufacturers have a great way of rolling-out the technology if they adopt a transparent and customer-friendly approach.
An electronic vehicle (EV) is one that operates on an electric motor instead of an internal-combustion engine that generates power by burning a mix of fuel and gases. It is seen as a possible replacement for the current automobile, to address the rising pollution, global warming, climate change, depleting natural resources, etc. However, consumers are unlikely to know about its features and cost-effectiveness. To add to the trouble, the industry also faces a paradox called the ‘intention-action gap,’ which corrupts people’s minds with ideas that greener products are less convenient, more expensive, and less functional. Ultimately, the only way to make people realize the importance of EV is by providing transparency.
Transparency in electronic vehicles
Transparency in the automobile sector boosts people’s confidence to acquire the product. The Swedish automotive brand, Polestar has taken the initiative to create a transparent movement within the industry and among customers. The EV arm of Volvo has recently published its Life Cycle Assessment (LCA) report, which portrayed the environmental impacts of its Polestar 2 passenger vehicle throughout its entire life cycle, from production to end-of-life. The move has set standards for other EV makers.
Using its own analysis, Polestar found that its vehicle Polestar 2 EV leaves the factory with a 26-tonne carbon footprint. It also revealed that EV has a larger carbon emission than a Volvo XC40, mainly due to the energy-intensive process of battery production. However, once the EV reaches the customer, if charged with renewable energy, then further CO2 emissions are negligible.
Another problem with EVs is that they cost a fortune. It is more than double the rate of a normal utility vehicle. Ultimately, if we look closely at the maintenance and fuel cost in the long run, the EVs price will cover the normal car price in four years.
Transparency in the EV charging system
The EV charging market is going through a process of transition and is evolving at a rapid pace. Today, it is still a challenging task to understand the process of how, where and with what an EV can be charged. The market is full of different companies offering multiple pricing options, with subsequent additional fees.
Samsara, a leader of industrial IoT, has developed a toolkit to help fleets manage their EVs. The feature provides much-needed insight into the EVs’ state of charge and efficiency, as well as the charging infrastructure. The real-time data insight allows EV fleets to,
- Combat range anxiety by showing real-time charging status.
- Get notified of low EV battery levels.
- Optimize EV route planning with access to charging stations.
- Measuring vehicle performance to ensure all EVs are performing optimally.
- Monitor charging behavior ensuring optimal times and places that are used.