We already wrote about Michael Liebreich and Angus McCrone’s BNEF article regarding the commencing electric vehicle (EV) revolution and the ripple effect it will have throughout much of society, but Michael and Angus have published another piece on this topic over on City A.M., a shorter article that is perhaps even more pointed due to the concise and potent presentation. Michael kindly sent it my way via a Twitter bird, and I just pulled out 7 interesting stats from the article that I’m sure all of you data lovers and EV enthusiasts will enjoy. Have a look:
- EV battery costs have fallen 65% in the past 5 years (BNEF data).
- Global electric car sales grew 57% in the first half of 2016 (with 285,000 new vehicles sold), in spite of low oil prices.
- There are now >1 million electric cars on roads worldwide.
- Volkswagen intends to invest $11.2 billion into electric vehicles in the coming decade, with the goal of having 25% of its sales coming from EVs by 2025.
- The entire automobile supply chain employs 12 million people in Europe alone, and a switch from fossil cars to electric cars is sure to result in dramatic changes throughout that supply chain. (“Manufacturers of gearboxes, and fuel management and exhaust systems will be hard hit, as will thousands of subcontractors, while producers of batteries, software and sensors will benefit,” Michael and Angus stated.)
- There are 200 million electric bikes in China, and the number is growing fast.
- In Europe, 7% of tax revenue comes from gasoline (petrol) and diesel taxes. (“In addition, clean energy and transportation require much more up-front investment than conventional technologies, so any major shift in their direction will require new pools of long-term capital at a scale which may drive up interest rates.”)
With these two articles, Michael and Angus have basically highlighted the industry view of what I recently discussed from the consumer and basic human angle, and then also discussed a couple of times from the automaker angle. It’s a fascinating transition, and I have further plans to postulate about the ramifications, but it’s great to see someone like Michael Liebreich using his microphone to raise awareness of what we’re now entering into.
Naturally, Michael and Angus also highlighted some of the qualitative benefits of electric cars, which I recently discussed at length here on CleanTechnica: “30 Reasons Your Next Car Should Be Electric.” These benefits are still largely unknown to consumers, so I encourage habitually bringing them into discussions about EVs, and am happy Michael and Angus have been doing that.
If you want much more on the topic, here’s an hour-long chat I had with Michael in January where we discussed many of the topics above in more depth:
Ironically, that chat took place in oil-rich Abu Dhabi, UAE.
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