NewEnergyNews: Global EVs Could Reach 220 Million In 2030

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    Friday, June 01, 2018

    Global EVs Could Reach 220 Million In 2030

    Electric vehicles will grow from 3 million to 125 million by 2030, International Energy Agency forecasts

    Tim DiChristopher, May 30, 2018 (CNBC)

    “Electric vehicle (EV) ownership will balloon to about 125 million by 2030, spurred by policies that encourage drivers, fleets and municipalities to purchase clean-running cars, [according to a new forecast by the International Energy Agency (IEA)…That marks a big jump from 2017, when the IEA estimated there were 3.1 million electric vehicles in use, up 54 percent from the previous year…[The world's total car count is expected to be] roughly 2 billion somewhere in the 2035 to 2040 window…[The report foresees an alternate] pathway to 220 million electric vehicles by 2030, provided the world takes a more aggressive approach to fighting climate change and cutting emissions than currently planned…While battery costs are falling, the IEA acknowledges that government policy remains critical to making EVs attractive to drivers, spurring investment and helping carmakers achieve economies of scale…” click here for more

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