GlobalData report: Electric Vehicles on road could rise to 300M by 2040
Data and analytics firm GlobalData has projected in a recently-released report titled ‘Electric vehicles – Thematic Research’ that the total number of electric vehicles (EVs) across the world will increase to a whopping 300 million units by the year 2040.
The projections by GlobalData are noteworthy because there are presently only 3 million EVs on road globally.
Along with projecting a staggering increase in the number of EVs globally over the next two decades, GlobalData has also predicted that the percentage of new EV registrations will likely increase to more than 15% of global passenger vehicles by 2030, from barely 1% in 2017.
The latest GlobalData projections are not surprising because the adoption of EVs is increasing at a rapid pace worldwide. In fact, EVs -- together with the connected car, autonomous driving technology, and transport-as-a-service -- are one of the four main things which are causing disruptions in the legacy automotive industry.
With the GlobalData report also predicting that several present EV manufacturers may not be able to survive the ever-changing technology disruption scenario because of monetary reasons, GlobalData’s Thematic Research head Cyrus Mewawalla said: “We are at the very beginning of the cycle, but over the next decade the automotive value chain will be transformed by the electric vehicle theme.”
With the 2019 Chevy Volt PHEV scheduled for availability this fall, General Motors (GM) has recently announced an upgrade to the vehicle, in order to bring some new features on board.
In a recent announcement, Dongfeng Nissan Passenger Vehicle Co. -- a joint venture between Nissan Motor Co and Dongfeng Motor Group Co -- said that it has commenced the production of the Nissan Sylphy Zero Emission electric car in China.
The Union of Auto Workers (UAW) has warned that the increasing adoption of electric vehicles (EVs) in the US could have a devastating effect on the jobs in the country.
At Pebble Beach Automotive Week in Monterey, California, on Thursday, a stunning electric supercar prototype was unveiled by German automaker Audi. The prototype is called ‘Audi PB 18 e-tron.’
According to a recent EV magazine Electrek’s report, General Motors (GM) is bringing some new updates to its sole all-electric vehicle, the Chevy Bolt EV, with the forthcoming release of the vehicle’s third model year.
California-based electric vehicle manufacturer Tesla Motors has released some hitherto-unknown information about its newest generation of battery cells -- the 2170 li-ion cells -- which have been designed for the company’s Model 3 electric vehicle