This Week Highlight - The Rise of EVs

 In mid-November, British PM Boris Johnson announced the country will stop selling diesel and gasoline cars by 2030.  The move is part of a wider 10-point plan for a so-called “green industrial revolution” aimed at generating as much as 250,000 jobs and combatting climate change.

U.K. authorities had previously said the sale of new petrol and diesel vans and cars would end in 2040. In February, they announced an ambition to bring this forward to 2035. Despite setting the new 2030 target, the government will, however, continue to allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tailpipe until 2035.

Among all the European countries, U.K. is one of the many members that aim to terminate the sale of diesel and petroleum vehicles. Denmark has proposed a phase-out of new diesel and petrol car sales in 2030. Norway, on the other hand, aims for all new light vans and passenger cars sold to be zero emission by the year 2025.

In U.K., the Government has set aside an almost GBP500 million for the next 4 years on the development and mass-scale production of electric vehicle batteries. Hence, it will be no surprise to see more automobile plants turning into manufacturing EVs in this decade. 

In today's world, there are a handful of prominent EVs makers that started from the Asia like BYD, Hyundai, Toyota. Tesla is another rising name for last 5 years in America that develops and manufacturing EVs. Moving forward, all car makers will eventually transform their technology into EVs due to the protection of earth. 

While you may think which automakers will be the best bet for their rising stock, we suggest you start doing research on what are the most raw material to manufacture the long-lasting battery to keep the EVs going. Ultimately, the battery that last the longest drive with the fastest charging time, together with the longest life-span will be the most wanted part of an EV automobile. That's the utmost winner that will conquer the global market!

Have an empowering weekend. 

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