Another Study Reports Extreme Growth For EVs, 130 Million By 2025
According to Global Information Inc., the total sales of EVs will reach 130 million units by 2025. The main reason for this number is because there is currently a gradual trend of needing a vehicle with a alternative fuel source.
Global Information did fudge the number a bit, according to review of the data by Smart Plant. Based on the report, the 130 million units include cars, trucks, motorcycles, and scooters that offer either a plug-in electric motor or a pure EV.
To get to this 130 million figure, Global Information used the compound annual rate found between 2010-2011. These early results, and the growth from year to year, is likely being skewed because of the use of incentives to encourage people to buy plug-in vehicles. Skewing demand estimates skyward.
However, as time goes by, Global Information believes consumer education, growing infrastructure, and a lowering of sticker prices as the technology advances will increase demand for EVs as credits, perks and rebates expire..
Although automakers are making investments to realize this huge adoption of EVs, range anxiety is still a problem with current technology installed with BEVs. Although this is not an issue with Chevy Volt or other extended range electric vehicles, it is still something that needs to be addressed to the general buying population.
The need, according to the report, is to have continuous backing from the federal government to strengthen the case for EVs well into the adoption process and not just for the very near term.
The lead author, and senior USC analyst Don Anair, said “by 2025, for 70 percent of Americans, charging their electric vehicle (EV) on the regional electricity grid would result in lower global warming emissions than even today’s most efficient gasoline hybrid, the 50 miles per gallon (mpg) Prius, up from 45 percent today.”
He also added, “This improvement is thanks in part to a combination of renewable energy development and the retirement of dirty, coal-fired power plants. The federal Energy Information Administration (EIA) projects renewables increasing their share of national electricity generation from about 11 percent in 2009 to about 15 percent in 2025.”
To learn more about this study, take a look at the article from Smart Planet.