Gasoline plays an essential role in modern society, from powering homes and businesses to keeping the infrastructure running. However, many factors have contributed to the rising fuel cost, causing prices to fluctuate and remain unpredictable.
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JPMorgan Chase analysts warned that global oil prices could reach a "stratospheric" $380 a barrel, which would further strain the global oil market and cause a number of trickle-down effects across industries. As time goes on, more and more people realize that gasoline cannot meet human consumption needs, so it is imperative to look for effective ways to reduce the cost of energy consumption and find realistic alternatives.
Turbulent oil prices have triggered a butterfly effect on both supply and demand. On one hand, with the rapid development of technology and the intelligent robot industry, more companies are investing in solutions that use electric energy to reduce fuel costs, improving equipment performance and user experience. On the other hand, according to a recent Axios-Monmentive poll, the transition to electric gadgets and smart home devices is quickly on the rise despite some consumer hesitation.
Here are the top three reasons to go electric with your gadgets. Taking lawn maintenance as an example, the introduction of electric robot mowers provides consumers with more efficient, low-cost and sustainable lawn care solutions.
New policies promote the electrification of lawn maintenance for the environment
In 2018, the Department of Transportation data showed that Americans used nearly three billion gallons of gasoline running lawn and garden equipment, equivalent to the annual energy use of more than three million homes. However, gasoline is a nonrenewable energy source with a finite supply. Using gas machines causes environmental pollution, adding to the climate crisis and endangering users' health.
To reduce carbon footprint and incentivize citizens to use quieter, lower emissions equipment, California Governor, Gavin Newsom, signed a bill to ban "small off-road engines" used in gasoline-powered lawn equipment in October 2021 and phase out the sale of new gas-powered lawn equipment in the state by 2024.
Some manufacturers have started to reduce the production of all gas-powered equipment, while the proportion of electric equipment in the whole lawn equipment market will increase significantly. With the support of government regulation to protect the environment, electronic devices are the future trend and the first choice of industrial companies and consumers.
Electric lawn mowers are better for the wallet
Currently, the mainstream choice for lawn maintenance in the United States is still gas-powered lawn mowers because they’ve been produced for a long time, are popular among consumers and the machines are fairly affordable.
In terms of the cost of energy consumption, we can find the price changes of gas and electricity from 2019 to 2022 in the line chart below. The price of gas has fluctuated dramatically; while the price of electricity shows a slow-growth trend and is still far cheaper than the price of gas. The cost of gasoline is hitting an $18.04 year high, while the electricity cost of $5.14 in 2022 has only gone up 9 percent from 2019. Switching to electric gadgets will be more cost-effective than using gadgets run by fuel in the long run.
MAY 20, 2022