For decades, oil and gas companies and utilities have refused to accept electric vehicles as a given. Now oil and energy giants are becoming part of the “new fuels”industry.
According to forecasts, more than 350 new models of electric vehicles will appear by 2025. Global demand for gasoline will peak around 2021, thanks to improved fuel efficiency. Wood Mackenzie predicts that infrastructure investment in the US will exceed $ 18 billion per year in equipment, installation, operation and services by 2030. China is expected to have three times more energy demand from electric vehicles by then. Continue reading
Depreciation of electric cars is happening faster than anticipated: in 2022 electric cars will become cheaper than internal combustion engine cars
Every year BloombergNEF analyzes the cost of buying an electric car in all major parameters and compares it with the cost of a car with an internal combustion engine of the same size. The point of intersection — when electric cars are equal and cheaper than their equivalents to ice – will be a crucial moment for the electric car market.
Every year this point of intersection is getting closer. In 2017, according to BloombergNEF analysis, the price parity of ice and electric cars was scheduled for 2026, that is, 9 years later, and in 2018 the intersection point shifted to 2024 — 6 years. Continue reading