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Plug-in hybrid electric cars (PHEVs), hybrid electric vehicles (HEVs), and all-electric vehicles, often known as battery electric vehicles (BEVs), all use electricity to increase driving efficiency.
As gas-guzzlers are replaced with electric cars, solar and wind energy production will decrease, which has an impact on raw materials and the businesses that make them.
Due to the poor energy density of batteries compared to the fuel of ICE vehicles, many EVs have a constrained driving range. A typical EV’s driving range is between 100 and 150 kilometres.
However, as more recent models enter the market, the ranges of electric vehicles are growing. The current Tesla Model S has a range of 500km, whereas the next-generation Nissan Leaf is anticipated to manage 300km on a single charge.
The Cuba Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
Cuba has adopted electric motorcycles in great numbers due to growing fuel prices and shortages in the country. The streets of Havana are the place where that is most obvious.
Government regulations that have limited the importation of gasoline-powered motorbikes while regulating the price of electric motorcycles are substantially to blame for the surge in the use of these vehicles.
For many years, electric motorcycles were less expensive than gasoline-powered motorcycles due to price policy.
At some point, the government completely outlawed the import of motorcycles with gasoline engines, leaving electric motorcycles as the only option for brand-new purchases.
The government’s control over pricing has helped electric two-wheelers become the main mode of transportation in the nation while also keeping them affordable for the general public.
The majority of the electric two-wheelers are imported through Panama from China. However, it is rumoured that a locally made version called the Minerva is in the works at a former bicycle factory.
Cubans were already beginning to choose electric motorcycles over gas-powered vehicles, but the country’s ongoing fuel shortages have further increased this trend.
