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Summary: A New Prescription for Electric Cars

Electrical Car section in the automobile sector has already taken its initial step of the revolution
by launching cars lie Chevy Volt, Nissan Leaf, Tesla S, and Toyota Prius. There are four
different types of electric vehicle as classified in the literature: Hybrid Electric Vehicles (HEV),
Plug-In Hybrid Vehicles (PHEV), Battery Electric Vehicles (BEV), and Fuel Cell Electric
Vehicles (FCEV).

In a HEV car, there is internal combustion engine (IC) similar to any car on the road but has
energy-saving motor which extracts energy lost from brakes and coasts. Once the energy is
obtained, it is stored in a battery for later use. Companies like BMW, Cadillac, GMC, and Honda
etc., have manufactured HEV cars. Toyota Prius is a HEV car. In a PHEV car, there is an electric
motor which runs for first 40 miles and then functions like an HEV car. Electric motor can be
recharged by connecting the module to electric power supply. As the electric motor runs out of
energy, IC engine is switched on and fuel power is provided similar to HEV. Chevy Volt is a
PHEV car. In a BEV car, there is no IC engine involved in its functioning. It complete works on
electricity where an electric battery and a motor functions. Once the battery drains, a BEV will
not move unless the battery is charged again. No other energy source is supported by BEV
except electricity. Tesla S is a BEV car. In a FCEV car, combination of hydrogen and oxygen is
used to generate power and run the motor. When hydrogen is transported to FCEV chamber
under the presence of oxygen, electricity and water is produced. BMW Hydrogen 7 is a FCEV
car.

In comparison, hybrid cars are approximately 40% higher than the corresponding IC engine cars.
For example, IC Lexus LS 2012 is $73,175 whereas hybrid version is $112,750. Also, IC 2012
Chevrolet Silverado 2WD is available for $22,195 whereas the hybrid version is available for
$51,745. The most efficient hybrid car among all the four mentioned types is the FCEV version.
Two major benefits of hybrid cars are the reduction in emission and fuel consumption level.
Reduction in emission level contributes toward decrease in global warming whereas reduction in
fuel consumption level contributes towards sustainable future.

Legal regulations for manufacturing hybrid cars are not the same with every country. To begin
with, China is crucial location for testing the success of EV cars. Increase in population and
limited fuel supply will cause energy crisis in China by 2030. Thus, the government has aimed to
launch 5 million cars by 2020. To combat the expensive pricing strategy, local supports are
promised to the public by the government. Depending on the income level of various cities,
municipal corporations have specified certain amount of subsidies to local families for opting
EVs. China is also urging industrialists to invest in the production of EVs and has claimed to
evolve Clean-Energy Vehicles as a new sector in its upcoming plans.