Have you been staying up to date with the latest news on electric vehicles (EVs)? As the auto industry adapts to meet pollution standards, these vehicles have evolved to become the sustainable transportation solution the world needs.

“8 Reasons EVs are the Future of Transportation” is an infographic created by Auto Loan Solutions. The infographic shares the latest data on the growth of EVs – which are predicted to make up 35% of new car sales by 2040.

The development of EVs was hindered by a lack of charge stations, causing hesitation among those who were unsure of the range of these vehicles. However, these charge stations are becoming readily available, and currently outnumber that of gas stations in Japan.

The cost of batteries has also dropped, and new technology makes battery swapping – the EV version of filling up a gas tank – a 5 minute or under job. As well, to further cut down on costs, the use of renewable energy, such as solar and wind power, to charge batteries will help the environment and the economy.

By 2020, Tesla plans to have built 1 million EVs, and Ford has committed to developing 13 new models with a $4.5 billion budget.

The lifetime value of EVs to the environment and economy make them the clear choice for not only consumers, but major transportation companies. Industrial shipping companies such as UPS currently employ EV fleets. UPS currently has a total of 125 EVs.

All of the above information make it clear that EVs are the next step in the evolution of advanced, sustainable transportation technology that will help us lower emissions, reduce dependence on oil and create a greener future.

To learn more about the many benefits of EVs, and to get up to date on the latest statistics and data, read the below infographic.