The study adds that EVs could reach price parity with ICE models in Europe in 2024 and 2026 in the U.S.
could account for more than two-thirds of total new car sales by 2030, a significantly larger proportion than many other recent analyses have suggested.
The research follows an S-curve trajectory seen in EV markets like Northern Europe and China and applies it worldwide, indicating that EVwill soar at least sixfold by 2030. If that’s the case then they will account for 62% to 86% of all new vehicle sales by 2030. It is also suggested that the overall fleet of combustion cars is about to peak and will be in freefall by 2030.
An S-curve model takes historic data and an endpoint, using the past to estimate a midpoint and growth rate in the future.research adds that economics are starting to overtake policy incentives as the key driver for EV sales. Indeed, it is claimed that battery costs could halve this decade from $151 per kilowatt hour to between $60 and $90. These falling costs could make EVs as cheap or cheaper to buy and own as petrol cars in “every market globally.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mysterious flashes on Venus may be a rain of meteors, new study suggestsBright flashes in the clouds of Venus once thought to be lightning strikes may have a cosmic origin.
Read more »
The shift to EVs is a crucial component in the auto strike dramaThe UAW strike is about more than improving wages for Detroit's rank-and-file; the future of automobile production may be defined by this dispute.
Read more »
First Europe-Bound Zeekr X Crossover EVs Roll Off The Assembly Line In ChinaProduction of the X urban crossover that shares its underpinnings with the Smart 1 and Volvo EX30 began in China in June.
Read more »
First Europe-Bound Zeekr X Crossover EVs Roll Off The Assembly Line In ChinaProduction of the X urban crossover that shares its underpinnings with the Smart 1 and Volvo EX30 began in China in June.
Read more »
2001: A Space Odyssey's Sequel Got EVs Almost RightComparing the car from the 2010 film to this real electric car from the real 2010, it's pretty obvious that the film's makers got EVs right, all the way back in 1984.
Read more »
The Latest EVs Are Taking to the WaterBrunswick showed off a range of battery-powered boats designed for quiet lake and river cruising, as electric craft slowly go mainstream
Read more »