An economic slowdown in many parts of the world and the phase-out of EV subsidies in the United States have led to lower EV sales this year, a survey by the Columbia University’s Center on Global Energy Policy has shown.
The survey looked into more than a dozen EV penetration forecasts and found that two-thirds of these feature lower EV sales projections both for the short and the long term, author Marianne Kah noted. What’s more, the forecasts were less optimistic about battery cost declines, too.
The real threat to the future of EVs is that there will be neither a post-oil era nor a peak oil demand during the 21st century and far beyond. Oil will continue to reign supreme not only in global transport but also in petrochemicals, aviation and agriculture without which it will never be able to feed 7.5 billion of the world population.
It is very doubtful that an alternative as versatile and practicable as oil, particularly in transport, could totally replace oil in the next 100 years and beyond. Moreover, technology has enabled the ICEs to outperform EVs in range, efficiency, price and performance and also become more environmentally-friendlier.
Dr Mamdouh G Salameh
International Oil Economist
Visiting Professor of Energy Economics at ESCP Europe Business School, London
Unit volume of evs over 200 mile range is through the roof.
You guys though really should be concerned with electric busses they are 5-9 less barrels a day each vs. 3 barrels a month for a high miler like my self. Ev busses are now economic just on brake repair jobs, let alone pollution abatement. Their shipping like mad!
Oh, the old my ev burn coal?
No... almost all owners set to charge at night when grid has plenty surplus juice. So much i'm virtually guaranteed to be all nuke. As it's right down the road. And yeah, it ties to local grid I've seen then on bike rides. There's another nuke a ways away so night time we all just glow!