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Electric vehicles (EVs) are cars that run exclusively or largely on electricity. Electric vehicles are very eco-friendly due to their minimal to nonexistent fossil fuel usage, absence of moving parts that need upkeep, and low operating expenses.
Electric vehicles operate on the premise that electrical energy is converted into mechanical energy, which is then used to produce kinetic energy and permit motion.
Instead of a traditional internal combustion engine, EVs employ an electric motor. Thus, electric energy replaces traditional fuel (petrol/diesel).
The Lebanon 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.
Lebanon launches first electric car despite crisis and power cuts.The first vehicle constructed in the Mediterranean nation of Lebanon, which is struggling through a severe economic crisis and regular power outages, was unveiled.
The long-term objective is to sell cars in Lebanon as well as compete on the global market for hybrid and electric vehicles.
The debut however, takes place as Lebanon experiences its worst economic crisis and import automobile sales are at an all-time low, in part due to capital limitations and a sharp devaluation on the illicit market.’
For power generation, Lebanon also depends on fossil fuels, which is already insufficient for a population that has daily power outages.
The company intends to build roughly 100 charging stations across the nation that are powered by generators to power its new electric vehicles.
These may then be powered by wind and solar energy production.If the electric cars have solar charging stations, this would be a step in the right direction because “the energy industry is the biggest contributor to Lebanon’s greenhouse gas emissions.”
