Mullen, an American startup, launched a small electric car, the I-Go, which reaches 100 km/h and has become the cheapest electric car in the world.
Mullen I-Go, the cheapest electric car in the world
Mullen launched a low-cost electric car in China. The I-Go is a car built by the Chinese company Henan Henrey Shiying Vehicle and that has been licensed to the American startup to be marketed in the global |SOURCE |
Importance of a Mass Market EV :
Electric vehicles (EVs) have the potential to play a significant role in reducing greenhouse gas emissions and improving air quality. Mass market EVs, in particular, could have a significant impact because they are more affordable and accessible to a larger portion of the population. By making EVs more widely available, it may be possible to accelerate the transition away from fossil fuels and towards renewable energy sources. This could help to mitigate climate change and improve public health by reducing air pollution. Additionally, mass market EVs could help to reduce reliance on fossil fuels and improve energy security by reducing the need for imported oil.
Cheap EVs can make electric transportation more accessible to people who may not have been able to afford it otherwise.
There are several factors that contribute to the cost of an EV, including the cost of the battery, the cost of the motor and other components, and the cost of manufacturing and assembly. Efforts to reduce the cost of these components and streamline the manufacturing process can help to make EVs more affordable for the mass market.
In addition to cost, reliability is also an important factor in the adoption of EVs. Consumers need to be confident that their EV will be reliable and able to meet their transportation needs. This includes having a sufficient driving range and access to charging infrastructure.
Overall, the mass market adoption of EVs is important because it can help to reduce greenhouse gas emissions and improve air quality, particularly in urban areas. It can also help to reduce dependence on fossil fuels and decrease the overall cost of transportation for individuals and society.
