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Recently, market research company Bloomberg New Energy Finance released a report pointing out that the highly anticipated electric vehicle revolution will arrive
in 2022.
In the next 6 years, the biggest barrier to EV sales, namely the excessive cost, will be solved
.
The report argues that by 2020, battery-powered electric vehicles will cost less to purchase without subsidies than internal combustion engine vehicles
.
On this basis, the report predicts that the penetration rate of electric vehicles will steadily increase, reaching 41 million units per year by 2040, accounting for 25% of
the automotive market.
According to this report, change is coming
.
So far, government subsidies and administrative directives have been key to
attracting interest in electric vehicles, as well as companies' related R&D investments.
Report author Salim Morsi said the manufacturing cost of electric vehicles is expected to fall significantly faster than people estimated
.
This price reduction trend does not depend on major breakthroughs in battery technology, but is based on the gradual development of product processes and battery chemistry, the benefits of economies of scale after production expansion, and the aggressive pricing strategies
adopted by related manufacturers to attract customers.
Costs will continue to fall
significantly between now and 2020.
There is no doubt that the pace of change will not be fast
.
Morsi believes that in the future world, individual users will gradually stop owning vehicles, which may limit the total sales of cars, but will not affect the share of
electric vehicles in the overall automotive market.
Recently, market research company Bloomberg New Energy Finance released a report pointing out that the highly anticipated electric vehicle revolution will arrive
in 2022.
In the next 6 years, the biggest barrier to EV sales, namely the excessive cost, will be solved
.
The report argues that by 2020, battery-powered electric vehicles will cost less to purchase without subsidies than internal combustion engine vehicles
.
On this basis, the report predicts that the penetration rate of electric vehicles will steadily increase, reaching 41 million units per year by 2040, accounting for 25% of
the automotive market.
According to this report, change is coming
.
So far, government subsidies and administrative directives have been key to
attracting interest in electric vehicles, as well as companies' related R&D investments.
Report author Salim Morsi said the manufacturing cost of electric vehicles is expected to fall significantly faster than people estimated
.
This price reduction trend does not depend on major breakthroughs in battery technology, but is based on the gradual development of product processes and battery chemistry, the benefits of economies of scale after production expansion, and the aggressive pricing strategies
adopted by related manufacturers to attract customers.
Costs will continue to fall
significantly between now and 2020.
There is no doubt that the pace of change will not be fast
.
Morsi believes that in the future world, individual users will gradually stop owning vehicles, which may limit the total sales of cars, but will not affect the share of
electric vehicles in the overall automotive market.
