More than 5 million electric cars were sold in 2018, and there are projections on the order of 29 million to be sold in 2030. Various countries are banding together to get up to 100 million electric cars on the world's roads by that time. Production levels will continue to increase up to the point of replacing the entire global stock of more than a billion units with normal turnover, possibly by 2040, which is, of course, not a moment too soon.
We have looked at electric cars and buses previously in Renewable Fridays, and we will get to trucks and ships and whatever here.
Electric car use by country - Wikipedia
The global market share of the new light-duty plug-in segment reached 1.3% in 2017, up from 0.86% in 2016, and 0.38% in 2014. Global light-duty plug-in vehicle sales passed the 3 million milestone in November 2017 and 5 million at the end 2018.
McKinsey, 2019: Expanding electric-vehicle adoption despite early growing pains
EV sales grew to more than two million units globally in 2018: an increase of 63 percent on a year-on-year basis, and a rate slightly higher than in prior years.
Standing at 1.1 million units, or 51 percent of global EV sales in 2018, China’s EV market is now about three times the size of the European and US markets each.
You will notice that these numbers do not agree. Part of that is because different sources define market segments differently, and part is because it is hard to get solid data from some countries. Precise numbers are of vital importance, if available, to those who plan factory sizes and locations, and decide how many batteries to buy or make, and what other parts to order. They are not so important to us citizens who are concerned with when we can get one that fits our needs, or what sorts of government initiatives to support. Like electric police cars and taxis for our local needs, which are very nearly a no-brainer.
The mainstream media are starting to take note, although they also continue to take those gaslighting ads from fossil fuel companies that I have been complaining about in Renewable Fridays.
CNN: The electric car revolution is coming. This is what has to ...
Jul 18, 2019 - These days, when a major automaker unveils an electric car it gets a lot of press. That's because electric cars are cool, special and futuristic.
And now, predictions galore. There isn't room here for everything, as usual. And you have to understand that these stories are marketing vehicles for market research companies. They give you a few tidbits, but you have to put up serious money for the whole story. When I got into the business, lo these [mumble mumble] years ago, my reports sold for $1,000-$1,500. Some of these go for ten times that, and companies can subscribe to far more expensive continuous information services.
Electric vehicles market projected to hit $567.299 Bn by 2025. The reports highlights the key drivers, restraints, and opportunities with a detailed impact analysis.
Sep 20, 2019 - The future of the growing EV market is on the minds of the world's largest automakers. ... China Is Winning the Race to Dominate Electric Cars.
Pure electric vehicles (BEVs) currently make up 66 percent of the global EV market. BEV sales are growing faster than those of plug-in hybrid vehicles (PHEV).
Battery Electric Vehicles - Deloitte
In fact, the overall industry capacity forecast for 2030 is approximately 14 million units above our projections for consumer demand.
Based on current forecasts, the number of EV manufacturers appears unsustainable. Indeed, it is not inconceivable that some incumbent OEMs will be out of business by 2030 or shortly thereafter. Those that survive may face significant changes to their existing business models, with the prospect of today’s powerful OEMs acting as white label suppliers to other brands a real possibility.