EVs are coming fast …very fast!Blog, C-SUITE CHATTER, EVERYTHING EV
How fast I hear you say? Let’s just say much faster than people are expecting. Technology and the adoption of it is growing at an exponential rate and make no mistake the e-transport economy is hurtling towards us.
History also guides us. In a few short years we transitioned from horse and cart to the combustion engine.
In the images below, you see top left 5th Avenue, downtown Manhattan, and bottom left Piccadilly Circus, London, with not an automobile in sight. On the right, the photos are taken at the same location just 13 years later and combustion engines are now the norm.
Some say “Electric Cars – too early”. But if you are on the front line of this sector (and we are quietly confident we are!) my viewpoint is those that are coming to the party now are late!
In Q4 of 2018 Tesla sold more luxury cars than any other brand, that’s not more electric cars, that’s more cars period.
China sold a nearly a million electric cars last year and expects year on year growth to double.
More than half (yes you read that right) of new cars registered in Norway in the month of January were electric. Thats an incredible stat!
For the first time in many years the global sales of combustion engines are falling – this cannot be said of EV’s – indeed some are reporting 300% growth.
The maths is now in and its cheaper on a TCO basis to run an electric car than it is its combustion counterpart. These economics will only improve as legacy brands pour money into R&D and launch new electric models.
I come across some modest forecasts that talk of 2030 and 2040, most are being hurriedly revised as EV adoption rates continue to push boundaries.
It’s exciting stuff. You heard it first here. WATCH THIS SPACE!