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Electric Vehicles: Essential Terms Every Enthusiast and Buyer Should Know

Alex Lowe by Alex Lowe
January 23, 2024
in Business, Climate
0

FintechZoom > Business > Climate > Electric Vehicles: Essential Terms Every Enthusiast and Buyer Should Know

Nowadays, the buzz around electric vehicles (EVs) is more than just a fleeting trend. With rising oil prices and growing environmental awareness, buyers are increasingly embracing electric cars. These innovative vehicles are revolutionizing the auto industry and positively impacting personal finances.


But, what exactly should you know about electric vehicles? Let’s demystify some of the key terms:


EV: The Power of Electric Vehicles

“EV” stands for “Electric Vehicles,” a term that marks the shift from traditional combustion engines to electrically powered motors.


KW – Kilowatt: The Measure of Might


Kilowatt (KW), a unit measuring an electric motor’s peak power, is akin to horsepower (hp). The choice between KW and hp varies among automakers.

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KWH – Kilowatt Hours: The Energy Indicator

Kilowatt hours (KWH) measure an electric battery’s capacity, showcasing the energy consumed per hour.


Electric Range: The Distance Dynamics

This term indicates the maximum distance an EV can travel on a full charge, measured in kilometers or miles.


AMP – Ampere: The Flow of Power

Ampere (AMP) represents the maximum electrical current flowing through an EV’s battery. Most electric cars accommodate around 32 amps.

Charging Levels: From Slow to Superfast


Level 1 Charging: Utilizes a 110-volt outlet. It’s a slower method, taking 8 to 24 hours for a full charge.
Level 2 Charging: More common in public spaces, this uses a 240-volt outlet.
Level 3 Charging: Known as DC charging, it can power a battery from 0 to 80% in just 30 minutes.


Battery Pack: The Heart of an EV

The battery pack is the core component of the electric motor, powering the vehicle.

Also read: A Comparative Analysis of EV Stocks: Real Time.


Lithium Ion Battery: The Popular Choice

Widely used due to its high energy retention capacity, the lithium ion battery is a staple in the industry.


CCS Port: The Universal Connector

The Combined Charging System (CCS) port is a standardized connector for EVs, adhering to international specifications.


Regenerative Braking: Energy on the Go

This system in EVs and hybrids captures energy during braking, redirecting it to recharge the battery.


SOC – State of Charge: Know Your Power

Located behind the steering wheel, this gauge displays the remaining battery charge as a percentage.


As the world steps more into an electric future, understanding these terms isn’t just for the tech-savvy; it’s essential for every current and prospective EV owner. For more insights on electric vehicles, explore this guide and stay informed.

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Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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