For the last few years Electric Vehicles (EVs) are slowly becoming more mainstream. With tax incentives and environmental benefits, people all over the world are jumping at the opportunity to switch to electric. The big question is how long will it take for the world to leave gas guzzlers behind and go completely electric?
2020 has been a hard year across the board, with the global pandemic and the economic downturn that came with it. This year has even brought a challenge to the EV market. All vehicle sales have dropped dramatically this year, and it is the first time that EVs have had a drop in sales.
According to predictions done by Bloomberg, this drop in sales should balance out by 2025. In the report they assume that EVs will hit 10% vehicle sales by 2025, with that number eventually rising to 28% in 2030 and 58% in 2040. This prediction shows steady growth of the EV market even though EVs currently only make up about 3% of all vehicle sales worldwide.
In order to keep to these predictions, automakers such as; Tesla, Lucid, and Rivian, have come together to form the group ZETA (Zero Emission Transportation Association), in order to accomplish the goal of being completely electric by 2030. This group will mostly be a lobbying group to push funding and legislation that benefit the EV market.
One of the most extreme executive orders passed this year comes from California, that will ban the sale of new gas-powered cars by 2035. This order will definitely push automakers to get on board with going electric if they want to keep up in this new era.
Personally, I believe that this is an interesting goal, but the fact of the matter is that unless California makes major improvements to their grid system there’s no way that this goal will be accomplished. The same goes for the rest of the US, our dependency on the grid system for our electricity will most likely have a huge impact on the future of EVs.
I think the goal of 2030 is a great goal to shoot for. However, I am sure that there will be future issues to deal with in order to get to an all-electric society. I am truly looking forward to how things will turn out.