Auto News

According to the survey, EVs will account for the majority of sales by 2033, faster than expected.

global Electric car By 2033 (five years earlier than previously expected), hegemony will arrive, as tighter regulation and growing interest are driving demand for zero-emission transportation, according to a new study.

Consultant Ernst & Young LLP estimates that EV sales will outpace fossil fuel burners in Europe in 12 years. China And the United States — the world’s largest automobile market.And by 2045, non-EV sales can be seen plummeting to: 1Percentage of the global automobile market, EY’s forecast using AI-based forecasting tools.

Fight strict government obligations Climate change Automakers and consumers are driving demand in Europe and China, where they are facing increasing fines for buying and selling traditional petrol and diesel fuel vehicles. EY sees Europe leading the way in charging electricity, with zero-emission models surpassing all other propulsion systems by 2028. EY predicts that the turning point will arrive in China in 2033 and in the United States in 2036.

The United States lags behind other major markets in the world as fuel economy regulations are relaxed during President Donald Trump’s administration. Since taking office in January President Joe Biden Rejoined the climate of Paris Accord He also proposed spending $ 174 billion to accelerate the transition to EVs, including installing 500,000 charging stations nationwide.

“The regulatory environment of the Biden administration, which we consider to be a major contributor because of his ambitious goals,” said Randi Miller, EY’s global leader in advanced manufacturing and mobility, in an interview. Said. “The impact in the Americas will have a supercharging effect.”

Consumers’ desire for EVs is also increasing. Tesla Hot selling of corporations Model 3 To new electric models coming from legacy car makers like General Motors‘Battery-powered Hummer With a truck Fordof F-150 Lightning pickup.Invest in battery Powered model is now top $230 $ 1 billion from car makers around the world, according to consultant AlixPartners.

“More attractive”

“There are more and more attractive models out there,” Miller said. “You take it into account with incentives, and they are the ingredients that drive this more optimistic view.”

EY’s research suggests that millennials in their late 20s and 30s are now promoting the adoption of EVs. Driven by coronavirus-affected carpooling and denial of public transport, these consumers are embracing car ownership. And 30% of them want to drive an EV, Miller said.

“The millennial view we see is clearly more likely to want to buy an EV,” Miller said.

In addition, the combination of government purchase incentives for EVs and proposed bans on internal combustion engines in cities and states is accelerating the adoption of battery-powered vehicles.

Europe is projected to lead EV sales until 2031, when China becomes the world’s top market for electric vehicles.

With gasoline-powered vehicles diesel It is still projected to account for about two-thirds of all light vehicle registrations by 2025, which is a 12 percentage point decrease from five years ago. By 2030, EY predicts that non-EV vehicles will account for less than half of all mini vehicle registrations.

Related video: According to the survey, EVs will account for the majority of sales by 2033, faster than expected.

Back to top button