Electric, Fossil Fuel, and Hybrid Vehicles
Electric Vehicles (EVs) are vehicles that are totally or partially fueled with electricity. EVs are usually cost-efficient and greener compared to Internal Combustion Engine (ICE) vehicles, which run on fossil fuels such as gasoline that heat the internal combustion engine of the vehicle. Hybrid vehicles are a combination of both, which use both gasoline and electricity as the means of propulsion. Adoption of Electric Vehicle scenario in Bangladesh is highlighted.
Although EVs are often considered to be the most sustainable form of motorized transportation, they are not necessarily 100% green. Instead, EVs are only as green as the source of electricity that powers them. From an economic standpoint, EVs and hybrid vehicles provide cost savings as an incentive over traditional fossil fuel vehicles.
In the context of Bangladesh, EVs hold an answer to solving the power overcapacity conundrum, which can be mitigated through the adoption of electric and hybrid vehicles. According to the Bangladesh Power Development Board, only 40% of the power generation capacity is currently being utilized in Bangladesh. [1] Introducing EVs and hybrid vehicles in the country can reduce pressure on fossil fuel demand while raising little cost in power generation. So, adoption of electric vehicle in Bangladesh will ensure proper utilization of power.