The Electric Vehicles are Coming — Global Sales Likely to Exceed 1 Million During 2017

Electric vehicle (EV) performance has been improving so quickly and prices have been falling so fast that the internal combustion engine (ICE) wouldn’t be able to compete for much longer. You will soon be able to get Porsche performance for Buick prices and when you get that, neither Porsche nor Buick are able to compete. — Tony Seba

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We talk a lot here about tipping points. Often this is in the negative sense when it comes to climate change. But when it comes to electrical vehicles, which is one of the key renewable energy technologies that has the capacity to mitigate climate harms, it appears that the world is rapidly approaching a much more positive kind of economic tipping point.

Steadily, markets are opening up to a new wave of far more capable electric vehicles. And this is good news — because the combination of wind + solar + electrical vehicles + battery storage has the capacity to act as a market force that, on its own, will begin to dramatically cut the global carbon emissions now driving dangerous climate change the world over.

850,000 EV Sales for 2016, Possibly More than a Million During 2017

During 2015, as EV ranges extended, as charging networks expanded, as countries like China and India began to incentivize electric vehicles in an effort to fight choking air pollution, and as high value vehicles like Tesla’s model X became available, global EV sales jumped to over 500,000. This momentum continued during 2016 despite plummeting gas prices — a year when sales of electric vehicles are now expected to rise by more than 60 percent to 850,000.

By 2017, it is likely that global annual EV sales will lift still further — hitting over 1 million in the world market as lower cost, longer range electric vehicles like the Chevy Bolt, the Tesla Model 3, and an upgraded Nissan Leaf are expected make their entry.

(Plug in vehicle sales including EVs and PHEVs are expected to jump about 60 percent during 2016. Rising vehicle quality and concerns about pollution and climate change are the primary drivers. Image source: Plug in Electric Vehicles Sales Growth.)

While climate and environmental policy is helping to spur this beneficial trend — with smog-choked cities and countries concerned about climate change pushing for fossil fuel based vehicle bans — it’s important to note that overall EV performance and quality now also appear to be a major underlying driver pushing EV adoption rates higher. In other words, a vehicle with a more powerful engine, faster acceleration, and a larger interior, one that produces less noise while driving, generates no toxic stink from a tail pipe and costs less to fuel and maintain, and one whose operation (when coupled with a renewable electricity supply) won’t contribute to all the nasty droughts, floods, heatwaves, animal deaths and rising tides that are becoming so pervasive due to fossil fuel burning, is looking increasingly attractive.

Rising EV Quality, Lower Cost Helps to Drive Adoption Rates

Rising rates of adoption, in essence, come both from various performance advantages as well as from an increasing societal awareness of EVs’ greatly lessened harmful impacts. Moreover, electric vehicles — like wind and solar — have the ability to produce great leaps in performance, capability, and cost reduction. As a result, they are increasingly narrowing the gap with fossil fuel based vehicles on range and price even as already superior power and efficiency expands.

(Higher capability electric vehicles like the Chevy Bolt and Tesla Model 3 will help to further increase global sales during 2017. On acceleration and torque, both of these vehicles will be able to outperform many ICE based sports cars for a lower price. But the larger point here is that EVs are advancing very rapidly and are likely to be able to outperform ICEs in almost every way by as soon as the 2020s. Image source: Chevy Bolt.)

Vehicle ranges across almost all model lines are rising. The Nissan Leaf, for example, now has a range of 107 miles — compared to 84 miles just two years before — even as the company is expected to provide a 200 mile capable model in the near future. Meanwhile, today’s Leaf’s range is less than half that of the comparatively priced Chevy Bolt whose late 2016 release model boasts a 238 mile capability (about 4 times that of typical electric vehicles from just 2-3 years ago). Well-selling higher end vehicles like Tesla’s model S and X still dominate the longer range category. The base Model S’s range is 210 miles with larger battery pack versions now extending the vehicle’s legs to up to 315 miles.

The Chevy Bolt is the first mass market, moderately priced, fully electric vehicle (starting at around 35,000 dollars) with a highway range in excess of 200 miles available for US buyers. A vehicle that Motor Trend Magazine has rated very favorably. Lower maintenance and fuel costs will further add to the vehicle’s economic value and overall appeal. In late 2017, the Tesla Model 3 will join the Bolt in this category. Both vehicles represent high quality and higher performance options for buyers. And these models should help to considerably increase the number of electrical vehicles sold in the U.S. and around the world as they become available.

Electric Buses Promise to Help Revitalize Urban Areas, Make Public Transport More Attractive

(Gothenburg is one of many cities around the world moving to electric bus based transportation. This form of transport is not only clean, it provides unique features that aid in city planning and urban renewal. Video source: Electric Buses Regenerate City Planning.)

Larger electric vehicles such as trucks and buses are also starting to become more widely represented. For example, Chinese EV manufacturer BYD recently received an order for 50 new all-electric buses from Argentina. Proterra, another electric bus manufacturer, just had an order from the city of Seattle for 73. King County, which includes Seattle, plans to have all its buses powered by electricity within 3 years. Electric buses have seen major advances in recent years and now feature ranges as long as 350 miles and charging times in as little as 3-30 minutes.

Better Access to Charging Infrastructure, Faster Charging, Superior Performance

Expanding EV charging networks are also making these vehicles more accessible to the public. Tesla has invested heavily in placing chargers along highways in the U.S. and around the world. And it is the only automaker presently making superchargers — capable of fully charging an electric vehicle in about an hour — available as a special service to its drivers. These networks are adding to EV ease of use and are helping to further reduce range anxiety. Meanwhile the ability to charge at home, at work, and at numerous destinations such as grocery stores, rest stops, and malls adds to EV versatility and ease of use — providing convenience that ICE vehicles lack.

(Tesla’s ever-expanding charging network includes both super-chargers and more conventional charging stations. Image source: Gas2.)

EVs now also provide superior performance when compared to internal combustion engine (ICE) vehicles in a number of areas. Though gasoline is presently more energy dense than batteries (a situation that is changing as battery technology improves), electric motors are far and away superior to internal combustion engines. Smaller electric motors save weight and space — allowing for larger vehicle interiors and storage. Meanwhile, an electric motor’s ability to rapidly deliver energy to the drive train produces superior acceleration and torque compared to ICE based vehicles. It is this feature that allows the Tesla Model S to outperform even motorcycles in acceleration. Simplicity of design is also a superior feature of electrical vehicles — one that is enabling EV owners to dramatically reduce maintenance costs. Less moving parts and less complicated engines enable this benefit. Add in greatly reduced fuel costs and it becomes pretty clear why EVs are enjoying such rapidly rising rates of adoption.

Helping to Combat Global Climate Change

Increasing EV popularity and access helps to combat global climate change on a number of levels. First, EVs produce zero tailpipe emissions. Second, EV engines are more efficient than internal combustion engines — so they use less energy overall than fossil fuel based vehicles. Third, EVs mated to renewable energy sources such as wind and solar produce zero or near zero carbon emissions during operation. Finally, the batteries used to charge EVs can provide storage for intermittent sources like wind and solar energy. And this energy storage can occur both while the batteries are sitting in a stationary vehicle and after-market when batteries are removed following the end of the vehicle’s time of use.

EVs are also transformative in that they greatly reduce and provide the potential to eliminate emissions from large segments of the transportation sector. And this is a pretty big deal as global transport is presently one of the world’s largest sources of greenhouse gas emissions. With EVs, supply chains for food delivery and manufacturing have the potential to be decarbonized — which also helps to reduce various material and food based carbon footprints.

So the EVs are coming. A liberating economic force that’s helping to drive an energy switch that the world, at this time, desperately needs.

Links:

Dramatic Plug in Vehicle Sales Growth During 2016

EVs Will Soon Be Cheaper Than Regular Cars

Norway to Ban Petrol Vehicle Sales

Chevy Bolt

New Nissan Leaf With 200 Mile Range is Coming

Tesla Model S

Chevy Bolt vs Model S

Electric Buses Regenerate City Planning

BYD Sells 50 Electric Buses to Argentina

Seattle Buses to be All-Electric

Gas2 — More Tesla Charging Stations

Hat tip to JPL

Posted by robertscribbler on January 12, 2017

https://robertscribbler.wordpress.com/2017/01/12/the-electric-vehicles-are-coming-global-sales-likely-to-exceed-1-million-during-2017/