Electric vehicles are not just the vehicles of the future; In less than a decade, they could become the undisputed kings of the road. Rocky Mountain Institute (RMI) According to a report prepared by , electric vehicles, which stand out with their low decibels and significant torque, may have a global market share of 62% to 86% by 2030.
Now, let’s go back a little and go back to 2020, the cars sold were only 5%It was electric. This figure will almost triple in 2022 14%Reached . So what was the big reason for this dramatic increase?
China and Northern Europe are at the forefront of the electric vehicle race. For example, Norway is currently 71% has an electric vehicle market share. Meanwhile, global electric vehicle giant China in 2022 27% had a market share. The rest of Europe and the USA respectively 20.8% And 7.2% was left behind in proportions. But watch out for Indonesia, India and New Zealand – they are quickly catching up.
Lithium-ion battery pack prices ($/kWh 2022 real)
What is fueling this radical change? RMI’s report points to the economy. Many electric vehicles have reached the point where their total cost of ownership is on par with their gas-guzzling counterparts. By 2030, that sticker price could look just as attractive. For example Tesla Model YLet’s take ; It is already on par with its internal combustion engine competitors in terms of cost. Moreover, this vehicle holds the title of best-selling car all over the world.
Economics aside, other factors are driving the rise of electric vehicles. As we approach the next decade, a flurry of EV batteries and auto factories are emerging, promising ample supply. In the US, the Biden administration’s Inflation Reduction Act and the Bipartisan Infrastructure Act have spurred a factory-building and retooling frenzy.
Share of electric vehicle sales and share of people planning to purchase an electric vehicle: Global (%)
Battery technology, the cornerstone of the electric vehicle revolution, has been reducing costs since 2010. 88% of the time He saw it fall. Not to mention their energy density is getting better, increasing by six percent every year. If you’re someone who likes graphics, you’ll be horrified by the staggering decline in battery prices over the years.
With the rise of electric vehicles, the era of the internal combustion engine (ICE) appears to be coming to an end. RMI’s findings show that demand for petrol-powered cars peaked in 2017 and has increased every year since then. 5% shows that it is regularly losing market share. By 2030, demand for oil could decrease by one million barrels per day. This means that global oil demand will decrease by a quarter.
Global electric vehicle sales and market share
Despite promising prospects for electricity, the road ahead is not smooth. Improving electrical infrastructure, expanding charging networks, and solving battery recycling are just some of the upcoming challenges. Still, China’s victory in these areas offers a glimmer of hope. The country’s success story hints that it could be a successful example for global electric vehicle adoption.
Although RMI’s forecasts are ambitious, it is important to view these forecasts with skepticism. The adoption trajectory of electric vehicles may change due to unpredictable factors such as policy changes, public sentiment fluctuations, and unexpected socio-political or economic tides. While the outlook is optimistic, the path to 2030 remains unpredictable.
Some deficiencies in our country are among the leading reasons. For example, there are still not enough charging stations and waiting times are getting longer. While Tesla Model Y sales continue regularly in our country, the demand for charging stations will increase even more with the launch of the new Model 3 in the coming months. We hope that companies such as ZES and Trugo will invest more and expand the network so that electric vehicle users do not become victims.
See also: Germany to make electric vehicle chargers mandatory at gas stations