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Author Topic: Electric Vehicles  (Read 12097 times)

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AGelbert

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Re: Electric Vehicles
« Reply #405 on: June 22, 2018, 09:20:36 pm »
INSIDEEVs

IEA Says Global EV Fleet Will Triple In 2 Years


JUN 19 2018

BY MARK KANE

The International Energy Agency forecast in its latest Global Electric Vehicles Outlook that the number of plug-in electric cars will triple in the next two years.

More than one million plug-in cars were sold in 2017, so the total global fleet exceeded 3 million (54% up year-over-year).

IEA sees strong policy and falling battery costs as the main forces that drives plug-in sales to new record levels every year.

Read Also – Plug-In Electric Car Sales Hit 1,224,000 in 2017

Depending on the scenario, the number of plug-in cars could reach 125 to 220 million by 2030.


he biggest plug-in car market is of course China (580,000 cars in 2017, up 72% year-over-year), but nothing compares to the market share in Nordic countries.

Quote
“Nordic countries remain leaders in market share. Electric cars accounted for 39% of new car sales in Norway, making it the world leader in electric vehicle (EV) market share. In Iceland, new EV sales were 12% of the total while the share reached 6% in Sweden. Germany and Japan also saw strong growth, with sales more than doubling in both countries from their 2016 levels.”


The number of publicly accessible charging stations worldwide was ~430,000 at the end of 2017, according to the report.


Bloomberg’s review of the report notes four major points:

֍ China will remain biggest market

֍ The oil market finally will start to feel the demand displaced by EVs

֍ Governments will recognize falling taxes from road fuel (up to $42 billion by 2030) although we believe it will be offset by higher taxes and higher price of the vehicles

֍ There will be need to build at least 10 more battery factories, of a gigafactory size, by 2025 to meet the demand of nearly 800 GWh annually.

“Electric mobility is not limited to cars. In 2017, the stock of electric buses rose to 370,000 from 345,000 in 2016, and electric two-wheelers reached 250 million. The electrification of these modes of transport has been driven almost entirely by China, which accounts for more than 99% of both electric bus and two-wheeler stock, though registrations in Europe and India are also growing.

Charging infrastructure is also keeping pace. In 2017, the number of private chargers at homes and workplaces was estimated at almost 3 million worldwide. In addition, there were about 430,000 publicly accessible chargers worldwide in 2017, a quarter of which were fast chargers. Fast chargers are especially important in densely populated cities and serve an essential role in boosting the appeal of EVs by enabling long-distance travel.

The growth of EVs has largely been driven by government policy, including public procurement programmes, financial incentives reducing the cost of purchase of EVs, tightened fuel-economy standards and regulations on the emission of local pollutants, low- and zero-emission vehicle mandates and a variety of local measures, such as restrictions on the circulation of vehicles based on their pollutant emission performances.

The rapid uptake of EVs has also been helped by progress made in recent years to improve the performance and reduce the costs of lithium-ion batteries. However, further battery cost reductions and performance improvements are essential to improve the appeal of EVs. These are achievable with a combination of improved chemistries, increased production scale and battery sizes, according to the report. Further improvements are possible with the transition to technologies beyond lithium-ion.

Innovations in battery chemistry will also be needed to maintain growth as there are supply issues with core elements that make up lithium-ion batteries, such as nickel, lithium and cobalt. The supply of cobalt is particularly subject to risks as almost 60% of the global production of cobalt is currently concentrated in the Democratic Republic of Congo.

Additionally, the capacity to refine and process raw cobalt is highly concentrated, with China controlling 90% of refining capacity. Even accounting for ongoing developments in battery chemistry, cobalt demand for EVs is expected to be between 10 and 25 times higher than current levels by 2030.

The report notes that ensuring the increased uptake of EVs while meeting social and environmental sustainability goals requires the adoption and enforcement of minimum standards on labour and environmental conditions. The environmental sustainability of batteries also requires the improvement of end-of-life and material recycling processes.

Looking forward, supportive policies and cost reductions are likely to lead to continued significant growth in the EV market. In the IEA’s New Policies Scenario, which takes into account current and planned policies, the number of electric cars is projected to reach 125 million units by 2030. Should policy ambitions rise even further to meet climate goals and other sustainability targets, as in the EV30@30 Scenario, the number of electric cars on the road could be as high as 220 million in 2030.”

https://insideevs.com/iea-says-global-ev-fleet-will-triple-in-2-years/
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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