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Electric Vehicles Threaten 7 Million Bpd Oil Demand by Mediamerge: 9:41am On May 22, 2018
Electric vehicles will become cheaper than the internal combustion engine in a half decade, while electric buses will completely “dominate” its sector by the late-2020s, according to Bloomberg New Energy Finance (BNEF), which just published its Electric Vehicle Outlook 2018 report.

EV sales will top 1.6 million in 2018, up from just a few hundred thousand in 2014, according to BNEF. The acceleration in sales can be chalked up to a few factors. First, battery costs have declined by 79 percent since 2010, falling from over $1,000 per kilowatt-hour to just $209/kWh at the end of 2017. Energy density has also increased by 5 to 7 percent each year. Costs could drop to as low as $70/kWh by 2030.

Second, governments continue to support EVs with various forms of subsidies or other policy help.

Read more...http://energyworthonline.com/2018/05/22/electric-vehicles-threaten-7-million-bpd-oil-demand/
Re: Electric Vehicles Threaten 7 Million Bpd Oil Demand by lajuto: 9:42am On May 22, 2018
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