electric vehicles , ensuring a cleaner , fairer , and more prosperous world for future generations . By integrating ESG principles , the electric vehicle industry can lead the charge toward a greener and more sustainable transportation landscape .
The automotive safety standard for Electric Vehicles , ISO 26262 , is an international functional safety standard for the development of electrical & electronic systems in vehicles on the road . It explains the criteria necessary for the safety-critical function of the system , along with the methods , processes , and tools employed during the development phase . The standard ensures that sufficient levels of safety are being met and maintained throughout the vehicle lifecycle .
CHALLENGES
Before we can reap the benefits of an EV ecosystem , we must first address the primary challenges faced by the EV industry [ 6 ] [ 7 ]. We also will provide some measures that can be taken to overcome them .
Range Anxiety Challenge : Fear of an EV not having enough charge to complete a journey . Solution : Continuous advancements in battery technology , increasing ranges per charge ; education on the realistic range for most daily trips .
Charging Infrastructure Challenge : Insufficient rapid charging points , hindering EV purchases due to concerns about convenient recharging . Solution : Ongoing expansion of public chargers , including fast-charging options ; development of home and workplace charging points .
Charging Speed Challenge : Variations in charging speeds cause inconvenience and longer wait times . Solution : Standardisation and clarity in charging speeds across different charging stations ; advancements in ultra-rapid charging technologies .
Figure 3 : Electric Vehicle charging [ 9 ] ( Credit : Getty )
Charger Compatibility Challenge : Incompatibility issues between charge points and EVs , leading to frustration for users . Solution : Ensuring universal compatibility or providing adapters to resolve connection issues between charging points and various EV models .
Electric Vehicle Cost Challenge : High initial purchase prices of EVs . Solution : Review manufacturing costs to make EVs more affordable ; increase competition to drive down prices .
Limited Electric Vehicle Selection Challenge : Limited options of EV models available , restricting consumer choices . Solution : Rapid expansion in EV offerings by various manufacturers , catering to diverse consumer needs and preferences .
Green Grid Capacity Challenge : Insufficient renewable energy sources to power the increasing number of EVs . Solution : Investments in renewable energy infrastructure to meet the growing demand ; advancements in grid technology for more efficient and sustainable power distribution .
Radiation Concern Challenge : Perceived health risks associated with electromagnetic fields around charging stations . Solution : Continual research and assurance of safety standards compliance ; public education regarding the minimal health risks posed by EV charging infrastructure .
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