Essay about "Pump up the voltage! Anonymous. The Economist; London Vol. 440, Iss. 9259, (Aug 21, 2021): 61-62."

This review essay may contain some errors about the objective truth. Also, this review essay is completely written by myself. Therefore might have a biased opinion. Please tell me if this essay includes some errors about the objective truth. Also, I like to hear your idea about my opinion. Please leave them in the comment. I never take responsibility for the content of this essay. Every choice is up to you. So please be cautious when reading it.  

 The article mainly deals with electric vehicles. Specifically, the time required to charge the electric vehicle. Since electric vehicles are currently changing their charging voltage from 400 voltage to 800 voltage, charging time will be reduced. Therefore, electric vehicles and the related industries will prosper since the biggest worry when buying electric mobility is solved. 

Even before the advent of the 800 voltage charging car, 400 voltage chargeable electric cars' sales were kept increased. According to the article, 4% of the total vehicle sales were electric cars that are increased from 2% in the same period last year. All combined, I can assume that electric mobility has a lot of advantages over gasoline cars. 

Because of that, I insist that electric mobility will take over the position of gasoline vehicles in a decade. There are three reasons to support my opinion. 

First, every nation around the world, especially the advanced countries are taking care of and focusing on their environment. According to the Economist Espresso, natural disasters have been increased fivefold for the past 50 years. The environment is not a matter of choice but rather a matter of life. Therefore, many countries are making restrictions to reduce the portion of gasoline cars. For example, in South Korea, gasoline cars that make pollutants over the standard made by the government can't enter Seoul, the capital of Korea. 

Second, the efficiency of electric mobility keeps getting better. Since the heart of the electric vehicle is the electric battery, we can deduce the future of the electric car take a look at the battery industry. Currently, China, South Korea, Japan, and many other countries are investing a copious amount of money and we can now see how it works. 

The stock prices of related conglomerates and the occupation rates of the car market are rapidly increased and expected to be raised more. For example, LG chemical's stock price, which changed the name and structure of the ownership, had increased thrice in a year. 

CATL and other battery conglomerates are extending their sales either. 

Finally, due to the competition and development of the technologies, the price of electric vehicles keeps getting lower. The normal crowd can't afford the price of the fast-charging car when it was produced less and developed less. But, nowadays, it is possible for even normal middle-class people can buy fast-charging electric vehicles. As mentioned in the article, the first 800 voltage chargeable car was from Porche, the luxury brand. It is of course, expensive. But, the IONIQ5 and other economical cars are now on the market by other conglomerates like Hyundai. 

In conclusion, I assert that electric vehicles are the future major mobility for most people. Environment, efficiency, and price are being favorable for electrical cars rather than gasoline cars. 

Thanks.