Automobile

According to the study, by 2033, electric vehicles will become the main part of sales, faster than expected

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Worldwide Electric car According to a new study, hegemony will arrive in 2033—five years earlier than previously expected—because stricter regulations and growing interest drive the demand for zero-emission transportation.

Consultant Ernst & Young LLP now believes that the sales of electric vehicles in Europe will surpass that of fossil fuel burners within 12 years. China And the United States-the world’s largest auto market.By 2045, sales of non-electric vehicles are expected to fall below 1Ernst & Young uses artificial intelligence forecasting tools to predict the percentage of the global automotive market.

Strict government authorization crackdown climate change It is driving demand in Europe and China, where automakers and consumers face increasing financial penalties for buying and selling traditional gasoline and diesel vehicles. Ernst & Young believes that Europe is leading the way in electrification, and by 2028 the sales of the zero-emission model will exceed all other propulsion systems. Ernst & Young predicts that this tipping point will reach China in 2033 and the United States in 2036.

The United States lags behind other major markets in the world because of the relaxation of fuel economy regulations during President Donald Trump’s administration. Since taking office in January, President Joe Biden Has rejoined the Paris climate meets the And proposed to spend 174 billion US dollars to accelerate the transition to electric vehicles, including the installation of 500,000 charging stations across the country.

“We believe that the regulatory environment of the Biden administration is an important contributor because he has ambitious goals,” Ernst & Young’s global leader in advanced manufacturing and mobility, Randy Miller, said in an interview. “This impact on the Americas will have a supercharging effect.”

Consumers’ appetite for electric vehicles is also growing, from Tesla Inc.’s Hot Products Model 3 New electric models from traditional car manufacturers, such as General Motors‘ Battery powered Hummer Truck and Fordof F-150 Lightning pickup.Invest in battery The power model is now up to $230 According to consulting firm AlixPartners, global automakers provided $1 billion.

‘More attractive’

“More and more attractive models are coming soon,” Miller said. “You take motivating factors into consideration, and these are the original factors that drive this more optimistic view.”

Ernst & Young’s research also believes that millennials in their 20s and 30s can help drive the adoption of electric vehicles. Driven by the rejection of carpooling and public transportation affected by the coronavirus, these consumers are accepting car ownership. Miller said that 30% of them want to drive an electric car.

“The opinions of millennials that we see are clearly more willing to buy electric cars,” Miller said.

In addition, the government’s purchase incentives for electric vehicles, combined with the proposed ban on internal combustion engines in cities and states, are accelerating the adoption of battery-powered vehicles.

It is estimated that by 2031, Europe will lead the sales of electric vehicles, and China will become the world’s largest electric vehicle market by then.

Gasoline-powered vehicles and diesel engine It is estimated that by 2025, the number of light vehicle registrations will still account for about two-thirds of all light vehicle registrations, but this will drop by 12 percentage points from five years ago. By 2030, Ernst & Young predicts that non-electric vehicles will account for less than half of the total number of light vehicle registrations.

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