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The Electric Car Market Expands

However, it appears that these two companies aren’t the only ones trying to get in on the electric car market; it was recently reported that Hyundai Heavy and Magna-E Car Systems have come together under an agreement to develop next-gen lithium ion batteries. Their goals reach far and wide, as Hyundai hopes to have 30% of the electric car market in Europe and North America at some point or another.

With this many car-makers trying to make their way into the electric car industry, this is the perfect time to invest in electric vehicles. As more and more automobile companies try to enter this arena of electricity, more and more competition will arise between car-makers, leading to better vehicles as time goes on. Essentially, investing in electric vehicles now would be perfect because they’re share of the automobile world is about to grow exponentially.

Of course, one of the other big reasons to get an electric car at this time is because of the world’s quickly declining environment and resource. This topic really doesn’t need much explanation at this point; if we don’t start adopting new forms of energy for our vehicles, we will soon find ourselves without vehicles in general. As we run out of fossil fuels, we run out of oil and gasoline, and when those are gone, current cars will be virtually useless. We need to begin adopting non-gasoline powered cars as soon as possible, because if we don’t, we’ll find ourselves without any cars at all.
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