Use of renewable energy (electric vehicles) instead of fossil fuels


Introduction

In order to provide Transportation facilities to the population which are having low income. As per given data, 37 % population of Northern Ireland lives in rural areas and are facing energy and transportation problem due environmental and infrastructural characteristics of rural communities, we have tried to provide some possible ideas to make their life better.

We can use renewable energy instead of fossil fuel which is environment friendly and cheap as well. As per the geography of Northern Ireland which is having coastline of approximately 7524 km in length, we can harness electricity from wind energy to meet the need of power. Amid era of exponentially growing technology, we can ease the mobility of people by the ideas and digital technology which is discussed below. Also, we have discussed ideas like Public-Private Partnership in which we have explained that government can collaborate with Private companies or investors to decrease financial burden on itself and fulfil the required amount to facilitate people by providing infrastructure like roads, railway line, bridges, etc. Apart from this, infrastructural development like hospitals, banks, supermarkets to meet the basic needs in rural areas has been discussed to reduce the mobility of people. We have also discussed recurring revenue model in which people can exchange service (like monthly bus or train pass) by paying money in advance, this model provides government continuous and predictable source of income which can be used in further advancement of transport system. Additionally, we will use Economic of scale principle to make our way easier to achieve our motto.

 

Use of renewable energy (electric vehicles) instead of fossil fuels

Northern Ireland is one of the best suited locations of wind resources as per DAERA (Department of Agriculture, Environment and Rural Affairs). Since the geography of this country consist of hills, coastal areas which is around 4675 miles, so we can harness energy to meet the need of people and can generate revenue out of this. As per IRENA (International Renewable energy Agency), Cost of renewable energy is falling day by day. Cost of electricity from onshore wind is fell by 15%, offshore by 13%. We can smooth the transportation system in rural areas of Northern Ireland by switching our dependency from fuel-based vehicles to renewable energy-based vehicle.  The transport system is responsible for nearly a quarter of greenhouse gases in world and use of renewable energy can helps to eliminate health issues. Nowadays many developed and developing countries increasing their dependency to renewable sources like biofuel, hydrogen and biomethane in transport vehicles and also by using electronic vehicle which use electricity for its use. It is not only because it is cheaper but also improve air quality, reduce noise pollution. Power generation from wind and hydropower required specific location however availability of sunlight is mostly everywhere and predictable. In 1950s, cost of solar power was thousands of times expensive than coal. But nowadays renewable energy is much cheaper, as per IRENA (International Renewable energy Agency), The cost of generating solar energy decline by 13% from 2020 to 2021. The cost of Electric vehicle is debateable but as research state that the cost of electronic vehicle will be half of the petrol car by 2030. If we compare the total cost on transportation in long run, hydrogen fuel cell vehicle and electric vehicle will be cheaper. As of now initial investment on hydrogen fuel vehicle and electric vehicle is quite high. As per article from visual capitalist, a lot of research is going on to improve the technology of battery and as the technology will improve, the price of electric vehicle will fall. The price of 350-mile range electric vehicle cost was $50,000 in 2019 and further it decreased to $39,000 in 2021 which was still greater than petrol vehicle and it is predicted that it will reach $26,000 in 2023 which will be equal to petrol vehicle and $18,000 by 2025 which will be less than petrol vehicle.

 

 



 

                   

Ease in mobility with the help of technology

 As we can see that since past few years, Technology has played significant role in transportation. Web mapping application like google map and ride hailing applications like uber, ola, value cabs made our life easier than before. In the same way, we make an application, suppose if a person is travelling from one location to another and if there is seat vacant in his or her vehicle then they can feed all the details like starting location of the journey and time, destination, number of seats available, etc. The person who needs to go the same location can coordinate with that person to reach the destination. The charges for journey will be very nominal or free. On the basis of ride, a score will be given to the rider and on the basis of that several benefits will be provided from government like tax relaxation, subsidy, relaxation in interest of loan from bank, etc.

 

References:

https://www.euronews.com/green/2020/02/13/hydrogen-fuel-cell-vs-electric-cars-what-you-need-to-know-but-couldn-t-ask

https://www.brookings.edu/blog/planetpolicy/2020/10/01/heavy-transport-is-a-big-carbon-emitter-how-we-can-change-course/

https://www.irena.org/publications/2021/Jun/Renewable-Power-Costs-in-2020

https://www.nhm.ac.uk/discover/news/2022/september/net-zero-cheaper-and-greener-than-continuing-use-fossil-fuels.html

https://www.daera-ni.gov.uk/articles/energy-wind

https://www.google.com/search?q=how+long+is+the+coast+of+northern+ireland+in+length&rlz=1C1GCEA_enGB1031GB1031&ei=J7FqY968M8SXgQb53JOQCQ&ved=0ahUKEwie7Ljtq5_7AhXES8AKHXnuBJIQ4dUDCBA&uact=5&oq=how+long+is+the+coast+of+northern+ireland+in+length&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIICCEQwwQQoAE6CggAEEcQ1gQQsAM6BAghEAo6BQgAEKIEOgcIABAeEKIEOgoIIRDDBBAKEKABSgQITRgBSgQIQRgASgQIRhgAUNcHWKHfAWDi4gFoBnAAeAOAAfoBiAHmLpIBBzMxLjE4LjaYAQCgAQHIAQjAAQE&sclient=gws-wiz-serp

https://earth.org/the-growth-of-renewable-energy-what-does-the-future-hold/

https://www.zoho.com/subscriptions/guides/what-is-recurring-revenue-business-model.html

https://www.visualcapitalist.com/electric-vehicle-battery-prices-fall/

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