Everyone in the world would wish to use an effective and efficient mode of transport. This is because it is key to the performance of many industries. The transportation of raw materials from their source to industries, finished goods to the markets, and labor to and from the industries is determined by the mode of transport (Graham-Rowe et al., 2012). Factors, such as availability, convenience, and cost determine the choice of the mode of carriage.
One of the most convenient forms of transportation is an electric car. An electric car refers to an automobile that utilizes electric motors and energy that is stored in batteries or other devices, giving it smooth acceleration and instant torque (Graham-Rowe et al., 2012). I would like to own an electric car because it reduces air pollution significantly for the reason that it does not produce tailpipe pollutants. In addition, it does not depend on oil, which is an important cause of concern for many individuals and governments across the world (Graham-Rowe et al., 2012). It is faster, implying that it is convenient for long journeys. However, there are other reasons that prevent one from acquiring the vehicle. The buying price of an electric car is higher compared with that of an internal combustion engine. This cost is attributed to the high cost of its battery.
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Despite the fact that electric cars are convenient and environment-friendly, I think there is no viable market for them. According to Pollet, Staffell and Shang (2012), many Americans would prefer buying electric cars, but they are not ready to pay more than what they pay for gasoline vehicles. The results of the study showed that 67% Americans and 75% Britons are unwilling to pay a price higher than that of conventional cars (Pollet, Staffell & Shang, 2012). Nevertheless, the maintenance and running costs are greater than those of gasoline vehicles. The unwillingness is attributed to the high cost.
The study conducted by Pollet and colleagues (2012) revealed that the global sales of electric cars was 679, 003 units. This is an increase from the previous year, whereby the global sales were 654, 352 units. Japan was leading by 27% market share and was closely followed by the United States of America with 24%. The country with the least shares was Netherlands with 7% (Pollet et al., 2012). Despite the fact that many people in many countries are not willing to buy them, the number of buyers has increased. This is evident in the research conducted by Richardson (2013).The researchers indicated that the USA has the largest number of electric vehicles in the world. After the USA launched Tesla Roadster, the number increased to over 300, 000 units, emerging the top in electric vehicles production (Richardson, 2013). In a study conducted Graham-Rowe and colleagues (2012), Norway had the highest market penetration per capita globally. It is also leading with the largest number in plug-in electric segment market share of new car sales with 6.2% (Graham-Rowe et al., 2012). In China, the sale of electric vehicles is low. However, 419, 987 electric cars were sold by the end of 2011 (Graham-Rowe et al., 2012). In Europe, out of 71, 419 electric that were sold Mitsubishi Outlander leads with 23% market share and Nissan Leaf follows with 21 percent (Graham-Rowe et al., 2012). It is notable that there are many brands of electric vehicles, but the market is not as large as compared with conventional market. There is evidence that electric cars have been introduced and registered in many countries across the world.
For this reason, it is right to state that, although electric cars are advantageous in terms of speed and polluting the environment, it is hard to buy and maintain one. This is due to high purchasing, managing, running, among other costs. Many people would wish to use them, but they cannot afford
