Regulators around the world are gearing up for a highly competitive battery storage market as more oil companies predict that electric cars are bound to be the next big thing.

South Australia’s ambition to become a global hub for renewables has attracted a chain big names including Neoen, SolarReserve, Elon Musk of Tesla, Sanjeev Gupta, Carnegie, Sonnen the German battery maker as well as Ross Garnaut of Zen Energy.

Regenerative drives designed for mining vehicles are already enhancing efficiency while also reducing cost and emissions. Today, regenerative drives made for rugged mining vehicles are ensuring complete efficiencies, enabling mine operators to make enormous savings on heat, energy consumption, gas emissions as well as ventilation systems.

Over the next two decades, it’s expected that the number of electric vehicles worldwide will double. The majority of this growth is expected to come from highly populated countries such as China and India, where having your own private vehicle is a relatively new thing due to their struggle keeping up economically with more developed Western nations.

In the light of the 2015 Paris Climate Conference, the future of electric cars looks bright as governments are pressured to move towards zero-emission societies. Around 800 million cars will be active on the worlds today.

Elon Musk has announced he believes Tesla vehicles will be completely autonomous and have an electric range exceeding 1,000km by 2018. He also predicts that all new cars will no longer require a driver by approximately 2035.

A limited range has been the main obstacle in electric vehicle widespread adoption, however this may change for the better with the recent experimental success of some South Korean scientists.

Uber has recently improved its ride services in China by adding electric vehicles (EV’s) to its fleet. Called UberGreen, these electric cars will serve the transportation needs of the residents of the city of Wuhan, China.

Whether Aussies like it or not, the automotive future contains electric vehicles (EV’s), rather than gasoline or diesel powered cars. All areas of the consumer car market are steadily embracing electricity.

Just four years ago, the original Nissan Leaf was introduced in the market as the very first modern battery electric vehicle sold on a large scale.

The seperation has becoming clear in the past decade – nickel-metal hydride, or NiMH, batteries will now be utilized exclusively for plug-in hybrid vehicles, or at least those that are made by Toyota, a top auto manufacturer who is at the forefront when it comes to the use of the NiMH batteries.

The Chinese market are a significant portion of the total sales of plug-in cars around the world. As technology improves and prices decrease, consumers are switching over to an electric vehicle like never before.

One of the world’s top electric vehicle manufacturers, Nissan, has signed a deal with utility corporation Endesa that will allow owners of EVs to sell excess renewable energy stored in their batteries to the electric grid.

Over the next 10 years Australia’s vehicle fleet is going to become cleaner, quieter and greener as electric vehicles (particularly pure battery electric vehicles) displace petrol, diesel and LPG powered cars.