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Electric Cars (Electric Vehicles or EV): 7 Benefits and A Bright Future

Electric Cars (Electric Vehicles or EV): 7 Benefits and A Bright Future

Who Leads the Charge Towards Electric Mobility? (Statista) – EV Market Stats

With Tesla’s meteoric stock market rise in 2020 and several countries and car manufacturers announcing new electric vehicle targets, electric cars have been in the spotlight for a while now.

And while they still account for a single-digit percentage of global passenger car sales, several countries, especially across Europe, have made huge strides towards a cleaner future in 2020.

While Norway is by far the country with the highest share of electric cars in total passenger car sales, no country comes even close to China in terms of absolute market size.

According to the China Association of Automobile Manufacturers (CAAM), sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) amounted to 1.00 and 0.25 million in 2020, respectively. That puts China way ahead of Germany (395,000), which overtook the United States in terms of EV sales.

https://www.statista.com/chart/13143/electric-vehicle-sales/

Benefits and Advantages of Electric Cars

Electric Cars ( EV) – Benefits and Advantages

Electric cars are already the present and they have a bright future. These environmentally-friendly EVs have become much more commonplace today than they were 10 years ago, with a 40% year-on-year increase.

These cars (EV) come with many benefits and a nice range of luxury and more budget-friendly options available.

  1. Cheaper Solution

Batteries will need replacement after a few years, electric vehicles are still cheaper than petrol or diesel cars. Electrical motors have much fewer parts than fuel-based engines.

They’ll require less servicing and repairs cost less. On top of that, many countries are also starting to adopt tax incentives and business grants for EVs.

The other cost-saving factor is fuel, of course. Oil prices will continue to hike in the future as resources run out. Not to mention being hostage to continued fuel tax levies.

Electric vehicles, on the other hand, have none of those issues. They can even be charged at home with a home charging unit, which costs a bit of money to install but is still very affordable.

  1. Government Incentives and Zero-Emission Vehicles

Government agencies around the world have and continue to provide policy-driven support for electric vehicle production and adoption. The main regulatory incentive is to decrease CO2 emissions to achieve a future where zero-emission vehicles are the norm.

Countries like Norway are starting to make pledges to phase out internal combustion engine vehicle sales.

  1. Public and Large Transport Vehicles

Consumer vehicles aren’t the only market segment of electric car options. EV adoption in the public and commercial sectors is slow going right now. But the long-term cost, environmental, and health benefits of switching to electric vehicles are pushing both industries in that direction.

  1. Fossil Fuels – The End Is Closer

There’s speculation that the world will run out of fossil fuels in as early as 53 years. Maybe even less. That means there’s a hard limit on how long people can still operate the way they do before these resources become so scarce that prices skyrocket.

That’s why many policy-makers and companies are trying to make the switch to electric vehicles now. Of course, this also means that electricity generation has to turn a new leaf.

Many countries have started banning coal power plants and choosing more sustainable options. This also means electric vehicles don’t have a chance of running out of “fuel” resources anytime soon.

  1. Driving Experience

One of the first things people notice about electric cars is how quiet they are. This, coupled with the fact that they have instant torque, makes them a joy to drive. They also have a lower center of gravity, which provides both driving and safety benefits.

Driving-side means better grip and steering during turns. Safety-wise it means the cars have less chance of rolling over and the absence of fuel means less risk of fires or explosions.

On top of that, the electric cars being rolled off the assembly line today have the best to offer in terms of safety and luxury. They often come with the latest specs and features and are built to handle collisions better as well.

  1. Benefits for Health

Reduced harmful exhaust emissions are good news for our health. Better air quality will lead to fewer health problems and costs caused by air pollution3. EVs are also quieter than petrol/diesel cars, which means less noise pollution.

  1. Security – A Downside (hackers)

Despite all of the benefits of switching to electric vehicles, there is one downside that most consumers don’t think about. Security.

As technology continues to improve, a lot of that gets integrated into cars and the way people live their everyday lives. Having an on-board GPS or using public Wi-Fi to listen to music or search for suggestions/directions while driving is very common these days.

Autonomous internet-connected cars are also starting to become more normal. But so are digital threats.

In 2016, there had been reports of electric vehicles being susceptible to hacks. So, taking extra precautions like using a VPN while traveling will become essential. What is a VPN? This cybersecurity tool secures your internet connection and keeps all your data safe wherever you are. It’s a great way to stay safe on the internet.

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Bitcoin and Cryptocurrency: What’s The Future? Facts and Stats

Bitcoin and Cryptocurrency: What’s The Future? Facts and Stats

Today, all the people worldwide have heard something about Bitcoin. Even if they don’t know how the whole blockchain system works, they have already accepted the reality where cryptocurrency is something you can invest in. But why the price of Bitcoin is high? What’s the future?

Bitcoin it’s not regulated by any government and people are curious about what impacts the price of Bitcoin.

Bitcoin and Cryptocurrency: Facts and Stats

Here you can learn some interesting facts and stats about Bitcoin and Cryptocurrency.

What Determines the Price of Bitcoin?

There is a limited amount of Bitcoins that can be mined. Unlike fiat currencies, no one can create more BTC (Bitcoin) coins than the set number. The maximum number of BTC that can be mined is 21 million coins. When all the coins are mined, people can only trade and buy BTC.

Also, the central bank or any other central authority does not regulate Bitcoin or its price, so who does? what factor affects the price of BTC?

Here are some important facts about the price of Bitcoin:

The two most important factors are demand and supply. If there is demand from users, they keep buying BTC, and then the price goes up. For example, recently Tesla (Elon Musk’s company) has bought around 1.5bn of the BTC currency. This caused a 17% rise in price on Bitcoin.

The costs of producing BTC coins. The mining process is pretty expensive. You need certain equipment, electricity, etc. It takes money and it affects the price of digital currency.

Competition. BTC is one of the most popular cryptocurrencies out there. But there are other coins to invest in. So there are more options for investors and the prices regulate themselves. The competition among the most popular currencies keeps the prices down.

The monetary rewards are set to miners of BTC for verifying the transactions made within the blockchain system. Whenever the transaction is verified by users, they receive certain rewards. This also impacts the price of 1 BTC.

The number of exchanges where users can trade BTC for other currencies.

The price of BTC is volatile even though the currency is one of the most popular digital currencies out there. The market of BTC is pretty big compared to other currencies, but it’s not as big as the market of fiat money or gold.

That’s why most cryptocurrencies have faced the prices go down and up so fast. The trading volume of BTC is big, but not as big as the trading volume of fiat currencies or gold. You should also note that the prices are affected by positive or negative news.

For example, if there is a rumor that it’s beneficial to invest in a certain currency, then the price might go up since the demand is increased.

Such factors as uncertainty of the future of cryptocurrency as of the trade of value, risks of the currency for big holders, security breaches also can impact the price of BTC.

Most factors that impact the price of BTC are different from the factors that impact the price of fiat currencies, such as the dollar or euro.

What’s The Future of Bitcoin?

Cryptocurrency is only in its initial stages, so it is too soon to assume whether a cryptocurrency will be the future of money or what will be the impact of Bitcoin in the coming years.

With its increasing popularity, Bitcoin users predict that by 2024 many different types of Bitcoin will be released.

Reports show that Bitcoin will hit a staggering $500,000 by 2030.

The popularity of this form of currency is expected to grow as it is decentralized, safe, and anonymous.

The fact that many technology-savvy individuals and companies are using encrypted currencies indicates that the future of Bitcoin or cryptocurrencies as a whole is going to be bright.

Cryptocurrencies, especially Bitcoin, are gaining popularity among investors. It is hard to say whether it will become as popular as fiat money, but it is a good investment if you buy it at the right time.

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Work from Home: 5 Trends and Future of Remote Work

Work from Home: 5 Trends and Future of Remote Work

Remote work or work from home is not a new concept. Stats show that the number of employees working remotely at least once a week has increased by 400% since 2010. Work from home (remote work) trend accelerated because of the coronavirus pandemic when businesses had to go remote.

Even the tech giants and big brands like Google, Amazon, Microsoft, etc, have asked most of their employees to work from their homes.

Work from Home: Trends and Future of Remote Work

Stats show that more than half of the full-time employees want to work from home. Here are some trends about work from home and the future of remote work.

  1. Benefits of Remote Work:

Avoid the Commute (Save Time and Money): Nobody likes to get stuck in hour-long traffic. With work from home, you can reduce commute stress, and increase your efficiency.

Virtual Office Place: Work from your home or anywhere else you like wearing pajamas or shorts. You are free to set up your virtual office near the coasts of Hawaii or on the mountains.

Global Opportunities: There are no boundaries in remote work. You can work for any company from around the world. Remote setup also allows recruiters to perform remote hiring of talents from anywhere globally without worrying about the relocation package.

High Productivity: Working from your home gives your mental peace. Work-life balance and healthy food provide an employee with all the energy he needs to stay focused and productive.

Flexible Work Hours: An advantage of remote work is fewer restrictions on work hours. You can work from home during the time you feel the most productive. You can also take breaks to stay fresh and productive during work hours.

  1. Challenges of Remote Work

Communication: Communication between the teams can be a challenge in remote working. These days technology plays a vital role. Using productivity or work from home apps can reduce your resistance to communication.

Distractions: It becomes easy to give in to distractions when you are working from home. Doing daily chores, social media, and watching your favorite TV shows can eventually eat up your time.

The secret to staying focused while working remotely is to create a schedule and sticking to it.

Overwork: You can save time in remote working only if you manage your time well. Otherwise, procrastination can crawl up in your routine, and you may have to work extra hours to catch the deadlines.

  1. Remote Work Trends For 2021

Flexible Work Hours Are The New Normal

Since 2015, the number of remote work setups has increased by 400%. Most people are prioritizing freedom from old restrictions. Around 65% of people said that the typical 8-hour workday would eventually disappear.

Automation

Automation is the future. With companies going remote, the whole hiring process will go virtual. Technology will play a significant role in recruiting because it can increase the productivity of the HR department. Now chatbots can trim down the support cost (internal and external) by 30%.

Communication and Collaboration

The success of remote work depends on the effectiveness of communication and collaboration. Very important if you’re working remotely or managing a remote team.

It’s crucial to create a digital version of meeting rooms and coffee space where team members can interact and discuss. There is a growth in users of conferencing tools like Google Meet, Zoom, Slack, etc., during the pandemic.

Cybersecurity

Remote means everything on the internet. Communication, collaboration, hiring, and operations. Hijack of a company’s sensitive data during transit to the server can incur huge losses to companies.

That’s why the security of online data becomes the priority of any organization. Organizations are recognizing the loophole and investing in the cybersecurity infrastructure.

  1. Work-Life Balance

Mental health is a priority now. Still, 43% of the remote employees are likely to work more than a standard 40 hour per week system. For companies, this is important because more hours means more tasks getting done. But for employees, is trouble.

For companies, it means equipping systems to measure an employee’s output, such as a time tracking system for remote workers.

  1. Remote Work and Work from Home Will Keep Growing

The pandemic has accelerated the evolution of the business landscape. Remote work is more than just a sprint or a trend.

Important Tip. Remote work is good for the environment too. This flexible system can reduce greenhouse gas emissions. We’ve already seen nature coming back to its glory during the lockdown.

These days productivity is no more a choice but a necessity in remote work.

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Mobile Apps: Stats and Reasons Why Mobile Apps are The Future [Infographic]

If you are a developer or a marketer you need to know the mobile app stats and benefits. So you can create mobile apps that can help your target audience to solve their problems or fill their needs.

Here are some reasons why mobile apps are the future

  1. Smartphones and Mobile Apps

These days there are 4.78 billion mobile users and 74.3% use smartphones. Smartphones are very popular worldwide. Some countries like South Korea showing 95% of adult usage.

These numbers are growing every year and also keep growing the market of mobile apps.

  1. App Downloads

App downloads have increased in recent years (reaching 36.4 billion in 2020). App Store installs grew 2.5% and Google Play reach 28.2 billion.

In 2017 app downloads were 178 billion. In 2019, app downloads reached 204 billion.

These numbers (stats) show clearly how effective and profitable are mobile apps.

In 2020 the global pandemic has generated a lot more free time for people as they’re at home (Lockdown). So both app stores have seen the highest number of downloads in a single year!

  1. Mobile Devices – Social Media and Communication

An average person spends 3.7 hours browsing on mobile devices (36% more than 2 years before). Some countries as Indonesia, Brasil, India continue to spend the most time on mobile devices each day.

Social media and communications apps take the majority of users

In 2020, experts predict that smartphone users will spend nearly 90% of mobile internet time in apps, rather than a browser. It’s very important for businesses and brands, not only to optimize their websites for mobile, but they need to create custom, effective, and responsive apps.

  1. Mobile Ads

With more time spent on mobile devices, many brands are investing more money in digital ads, to reach potential consumers or target audiences. So digital ad spend exceeded traditional advertising for the first time in 2019. (190 billion worldwide)

Mobile ads are expected to reach 280 billion by 2022.

Marketers are using mobile marketing as an effective channel to engage with audiences. So, 40% of marketers plan to increase their mobile marketing budgets in 2021.

  1. TikTok

TikTok is a social networking app and a source of entertainment. (short, user-generated videos). TikTok is one of the ​most downloaded non-gaming apps of 2020. TikTok has attracted many new users from various demographics (thanks to the Covid-19 pandemic).

Many people are stuck at home with nothing to do. So they’re looking for new ways to entertain themselves. TikTok and similar video-sharing apps fill the need by presenting fun videos.

  1. Top Apps

The biggest app category in terms of downloads is games. (2.33 billion downloads on iOS). The second-biggest app category is ‘photo & video’ (700 million downloads).

Android mobile game downloads also increased (12 billion). The second-biggest category is ‘tools’ (1.82 billion).

  1. Mobile Revenue

The mobile app industry makes billions of dollars in revenue each year. The mobile app market generated $462 billion in 2019.

The gaming industry is the most profitable sector of the mobile app industry.

Entertainment apps, social networking apps, and photo and video sharing apps also generate revenue but they are far behind the gaming apps.

Mobile Apps and Future

Mobile devices have become a part of our lives changing the way we spend our time and even make purchase decisions.

These app statistics will help you to identify opportunities. So you can create an effective mobile app and promote it. Mobile apps are the future for businesses and marketers.

You need to know about new technologies and trends, so you can predict the future demand for mobile apps.

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The Future of Mobile Apps: Tips and Trends

These days a smartphone has many mobile apps installed on the device. But many of them are not useful, their performance is not good, or users don’t like them. Mobile apps are very popular and the mobile industry continues to grow.

Many businesses and brands are using mobile apps because they know that they can reach pretty fast their target audience and increase sales with the help of mobile apps.

Here are some tips and trends about the future of mobile apps.

  1. 5G Technology – Mobile Apps and Business

5G technology can transfer and download video content very fast. This technology will help mobile apps to become more effective.

Also, soon we will see the widespread of voice control. This will open up more opportunities for marketers and businesses to communicate with their customers.

  1. Effectiveness of Applications

• Speed and effectiveness

Mobile applications are faster than the mobile network. This speed allows users to quickly access content, which increases the chance to satisfy a particular need. They can find faster what they need.

65% of Millennial generation users prefer to buy products or view products through the application because of their effective personalization and the speed of the transaction.

• Data – Information – New Technologies

Applications are using new technologies such as geolocation and voice search. Applications can collect data (information) about the user’s interests and hobbies: what they do and what they like.

• Relevant Content

Many users install mobile apps on their devices because they want to get pretty fast relevant content.

  1. Personalization and Location

These days many mobile developers are more focused on consumer requirements. Users now expect more personalization and adaptation to their location.

Location-based service is a growing and profitable category that allows businesses and marketers to create more targeted ads. Defining our destinations, hobbies, and interests, marketers can select suitable commercial offers for us.

Also, mobile payment technology is growing, which allows you to quickly perform various transactions “on the go”.

  1. Native apps and Responsive Web

Create an application for mobile devices (native) or create an app that suits any device (responsive web)? The general recommendation is to have both.

But if you have only recurrent users, the best option is a native app.

The Future of Mobile Apps: Tips and Trends
  1. Proactive Apps – The Next Step

The great challenge is the proactive application. It’s the next step of modern apps. It will notify user only data of interest. The secret is to discover what people are looking for.

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