The zero-emission vehicle (ZEV) endeavor has come a long way since the early 1990s and increasing numbers of transport energy experts are hopeful that electrification of vehicles, together with greening of the grid, provide a two-punch solution to reduce urban air pollution and meet radical carbon reduction goals. Technical progress of plug-in electric vehicles (PEVs) has been impressive; in particular, lithium ion batteries are more reliable, their energy density has improved, and their prices have fallen, faster than many experts expected. Engineers have three or four generations of vehicle designs under their belts, and electric vehicle profitability might be coming into view. There are now more than 3 million PEVs registered around the world, and since 2010 the global PEV market has been growing at a rate of at least 40% per year, with the rate of growth for 2018 looking like 70%. With over 1.2 million sales in 2017, PEVs have reached 1.2% of annual global automotive sales, often concentrated in “beachhead” regions like Norway, California, China and Sweden, all with comprehensive policy programs (Lutsey 2017; International Energy Agency 2017). Norway has demonstrated that generous discounts – the largest being a 25% VAT tax reduction- as well as a wide set of privileges for PEV drivers such as free charging and parking can spur sales; Norway’s markets are reaching 50% of sales for PEVs, far ahead of even California, which has a web of incentives and regulations to push the market, just not as generous. The challenge now is to completely displace a world industry and consumer demand for combustion engines in a time frame dictated by climate issues. This is a challenge that will have to be met with decades of effort from industry and governments.


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    Title :

    Steering the Electric Vehicle Transition to Sustainability


    Contributors:
    T. Turrentine (author) / S. Hardman (author) / D. Garas (author)

    Publication date :

    2018


    Size :

    25 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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