Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum.
While EVs currently represent less than 1% combined market share across the world’s largest markets for new passenger cars, they should be considered central to any policy and technology portfolio designed to lower transport emissions, WEC said. . . .
The
World Energy Perspective 2016: E-mobility: closing the emissions gap report*, published by the Council in collaboration with Accenture Strategy, examines the growth in sales of EVs as the latest technologies to increase average fuel efficiency and meet these stringent economy standards, set in all three markets [EU/US/China], referred to as the “EV gap”.
In the EU, the EV gap is 1.4 million, 10% of the estimated 2020 projected passenger sales, in the US, 0.9 million (11%) and in China roughly 5.3 million, 22% of the projected passenger car sales. . . .
By 2020 each market would need an additional [electricity generation of]:
- 3.7 TWh (equivalent to 734,000 homes) in the EU
4.5 TWh (equivalent to 367,000 homes) in the US
26.2 TWh (equivalent to 17 million homes) in China
. . . .
