LATEST INNOVATIONS IN SCIENCE AND TECHNOLOGY

Economic Factors for Electric Vehicles :- In today's world, the global economic crisis is worsening, affecting everyone, as central banks worldwide increase interest rates to combat inflation. This trend, highlighted in a World Bank report, has persisted for the past five decades, leading to a global recession in 2023 that impacts both developed and developing nations, causing financial hardships and delayed bill payments. To navigate these challenges, embracing green technology becomes essential, offering cost-effective solutions amidst financial constraints. Money shortages affect various aspects of life, including the ability to afford vehicles, but electric cars emerge as an economical alternative due to their affordability, reduced maintenance, and environmental benefits. Despite initial perceptions of high costs, electric vehicles prove cheaper in the long run compared to gasoline-powered counterparts, thanks to their smaller, easier-to-maintain battery-operated engines. More...