The group has a presence in five countries and eyes further geographic expansion, especially in India
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Electric cars are slowly becoming a fad; though they have existed in the market for decades, their popularity has slowly risen due to their environmentally-friendly nature. Earlier electric cars were costly, inefficient and heavy; but thanks to renewed interest in reducing one's carbon footprint and trying to offset the effects of global warming, renewed research has been done to better electric cars, resulting in these cars having newer batteries that are lighter, smaller in size and more efficient.
Thanks to Japan's innovation in the automobile industry, Japanese cars are revered for their durability, affordability, and efficiency; Japan has now cornered the market for electric vehicles as well, extending the same quality to these eco-friendly automobiles.
Many Japanese brands have released models of electric cars, as these are the eco-friendliest, compared to gasoline and hybrid vehicles. Japan, too, has adapted to meet the rising demand of charging points for these cars, by installing a number of quick charging points throughout the country.
Since 2012, Japan has the highest ratio of quick charging points to electric vehicles, proving that the country is able to stay steps ahead in terms of environmental awareness and protection, and make these services available to the common public.
The Japanese government has set new standards in place, in order to account for the environmental impact of these vehicles. So far, the electric cars are calculated to have zero emissions, as they do not run on petrol.
The next step is to look at the amount of CO2 emitted while generating power to run these cars, and encourage further improvements to save power and protect the environment. Japan seeks to improve environmental standards thanks to the rising popularity of these vehicles; experts argue that sales for these cars can rise to 20-30 per cent by 2030, and gasoline car sales are expected to fall accordingly.
Incentives and subsidies were also set to encourage residents to invest in electric vehicles, as they are still more expensive than traditional cars.
However, the demand for these vehicles grows day by day, thanks to development in technology in terms of battery size and efficiency, and thanks to zero emissions being produced. As these cars become more affordable, the demand for these cars rise, showing that individuals themselves are interested in offsetting any environmental damage caused.
Electric vehicles are also useful in terms of emergency situations, as these vehicles can be used to power homes during natural disasters. Companies are taking strides to harness the power used in electric vehicles during disasters like tsunamis, earthquakes, and typhoons, so that residents still have a power source.
During the aftermath of a disaster, it can take upwards of a day or more to restore power to the city; these electric vehicles can serve as alternate sources of power for heating, cooking, and communication.
Thanks to such versatility, electric vehicles are slowly taking the world by storm; despite showing a gradual rise rather than instant demand, these vehicles are set to revolutionise the automobile industry and change the way we think about transportation as a whole.
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