2024. Get the executive summary. Overview. Download Executive Summary. Authors. The Electric Vehicle Outlook is our annual long-term publication looking at how electrification, shared mobility, autonomous driving and other factors will impact road transport in the coming decades. The report draws on our team of specialists around the world and
READ MOREPoor government policies and lack of incentives have severely hampered EV adoption in developing countries. In many cases, subsidies have been in the form of
READ MOREThe emerging electric vehicle (EV) industry has received enormous support from global governments for its advantages in energy conservation and carbon emission reduction. This paper focuses on the
READ MORE4 · As emissions from African transport surge, governments need to find ways to encourage a shift to cleaner, healthier electric vehicles, especially among the minibus and motorcycle taxis that dominate
READ MOREElectric vehicle (EV) adoption promises potential air pollutant and greenhouse gas (GHG) reduction co-benefits. As such, China has aggressively incentivized EV adoption, however much remains unknown with regard to EVs'' mitigation potential, including optimal vehicle type prioritization, power generation contingencies, effects of
READ MOREHaddadian G, Khodayar M, Shahidehpour M (2015) Accelerating the global adoption of electric vehicles: barriers and drivers. Electr J 28(10):53–68. Google Scholar Han L, Wang S, Zhao D, Li J (2017) The intention to adopt electric vehicles: driven by functional and non-functional values. Transp Res Part a: Policy Pract 103:185–197
READ MOREEveryday electric vehicles have arrived. With reasonably priced consumer models like the Nissan Leaf and the Renault Zoe entering the market and price parity with petrol and diesel expected by 2025, electric vehicle adoption is a more viable option than ever for consumers and fleets. However, there are still significant barriers preventing their
READ MOREThe Electric Vehicles market worldwide is projected to grow by 9.82% (2024-2028) resulting in a market volume of US$906.7bn in 2028. Electric vehicle adoption is rapidly increasing worldwide
READ MOREPoland. Rwanda. Slovenia. Sweden. Turkey. United Kingdom. Uruguay. While the US hasn''t joined the declaration, several states have, including California, New York, and Washington. Several
READ MOREThe adoption of electric vehicles is accelerated by descriptive norms, which are typical patterns of behaviour in an agent''s socio-cultural group and generally are accompanied by the expectation
READ MOREAccording to our Annual Energy Outlook 2023 (AEO2023), we project that electric vehicles (EVs), including both battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), will account for between 13% and 29% of new light-duty vehicle sales in the United States in 2050 and between 11% and 26% of on-road light-duty
READ MORENorth America gets an electric-vehicle boost. The US market almost doubled to 360,000 EV units, mainly because of the strong sales performance of Tesla''s Model 3. Tesla sold 140,000 Model 3 cars in 2018, making it the best-selling EV in the United States (40 percent market share) and globally (7 percent). For the first time in the
READ MOREA YouGov poll of drivers shows that the top reason for considering buying an EV was to protect the environment. 4 Similarly, a survey from CarMax found that most car owners were concerned about fuel emissions and perceived the main advantage of EVs to be that they are good for the environment. 5 In addition, consumers can now choose
READ MOREIn a separate 2019 study conducted by Rakuten Insight in the Philippines, 20.26% of survey respondents said they would purchase an EV if it were priced the same as a car equipped with an internal combustion engine. Meanwhile, a total of 43.97% said they would buy one even if it were more expensive. At the same time, the government appears
READ MORECombining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment,
READ MOREWhile the internal-combustion engine dominates car design, its existence contributes to global warming and detracts from electric-vehicle (EV) development. Things like carbon emissions, the
READ MOREOur passenger vehicle electrification models provide decision makers with a holistic perspective on passenger EV adoption on a country level for different scenarios. The
READ MOREThe first electricity roadmap for The Gambia was developed in 2015 and updated in 2017, to serve as the development blueprint for the electricity sub-sector in the short-to-medium
READ MOREExecutive Summary This paper identifies and quantifies major determinants of future electric vehicle demand to inform widely held aspirations for market growth. Our model compares three channels that will affect electric vehicle market share in the United States from 2020 to 2035: intrinsic (no-subsidy) electric vehicle demand growth, net-of-subsidy
READ MOREBattery electric vehicles make up 6.7% of light-duty vehicles sold in the U.S. When you add hybrid and plug-in hybrid vehicles, EVs comprise 16% of light-duty vehicles sold. (U.S. Energy Information Administration, 2023). In California, zero-emission vehicles made up 25% of new vehicle sales in the second quarter of 2023.
READ MORE1 · Over the next four years, passenger EV sales are expected to grow at an average annual rate of 21%, compared to 61% from 2020 to 2023. The share of EVs in global new
READ MOREev sales. Below is our latest long-term forecast for new electric vehicle (BEV and PHEV) sales in the US through 2030. EV sales should grow to reach approximately 29.5% of all new car sales in 2030 from an expect roughly 3.4% in 2021. This would also see sales increase to 4.7 million from a little more than 500,000 in 2021.
READ MORECharging an electric vehicle takes more time than fueling a car. An innovative BCG simulation identified key factors that will help drivers make the switch to an EV. Analyzing data from 10,000 internal combustion engine (ICE) vehicles in Texas, we found: Access to private charging is the main game-changer to increase an ICE driver''s
READ MOREFirst Locally Manufactured. E-Vehicle in the Gambia. Sub-Saharan United Vehicles Ltd. is proud to announce the establishment of a manufacturing facility for electric vehicles in the ECOWAS region. Sub-Saharan Utility
READ MOREElectric vehicle sales have been growing rapidly in the United States and around the world. This study explores the drivers of demand for electric vehicles, examining whether this trend is primaril
READ MOREThese developments will continue to expedite EV adoption in the US, promising that the next BCG report will have more aggressive projections. Already in 2023, new electric vehicle
READ MOREThere are already a number of countries switching to EVs at impressive rates. The top 5 countries with the highest share of EV sales are Norway (all-electric
READ MOREThe technology behind electric vehicles is advancing. Tesla''s new Model 3 and the Chevy Bolt both have ranges well over 200 miles — in 2015, the world''s top-selling electric car only had a top range of 80 miles. But for all the hype, electric vehicles make up only 0.2 percent of passenger vehicles worldwide. We are seeing those numbers
READ MOREAccelerating the rate of electric vehicle (EV) adoption is an objective of many countries to mitigate and ameliorate negative externalities arising from the use of fossil fuels for personal motorised transportation including: greenhouse gas (GHG) emissions, air pollution and noise, as well as increasing energy security and reducing budget deficits.
READ MOREChallenges hampering the widespread adoption of Electric Vehicle (EV) in Zambia have been outlined by the Zambian Electric Mobility Innovation Alliance (ZEMIA), with key concern raised on financing. While the challenges have been outlined, the financial institutions have been urged to set up dedicated departments which would look after
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