Electric Cars Set to Pass 2M Landmark Globally by End of 2016

electric cars globally

Article Source The Guardian

The number of plug-in electric cars on the world’s roads is set to pass the landmark of 2m vehicles by the end of 2016, with industry observers saying the electric car revolution is finally underway.

A surging market in China is leading the way and Chinese-made models have pushed into the top five best-selling models. Europe is the second biggest market, followed by the US, but their traditional car manufacturers face a stern challenge from China and from Tesla, whose much-anticipated Model 3 is expected to go into production in 2017.

The electric vehicle market has made a number of false starts. Barack Obama predicted a million in the US alone by 2015 – the reality was a quarter of that, with people put off by short driving ranges and high prices. However, electric vehicle (EV) sales have now passed 1% of the whole auto market in Europe and China and experts believe a turning point has been passed. Continue reading

Here’s How to Speed Up the Electric-Car Revolution

electriccars

Article Source Technology Review

The future of cars may be electric, but bringing that future into the present will require tough policy decisions to be made by governments.

A new report by Bloomberg New Energy Finance and McKinsey & Company reaffirms what MIT Technology Review has said in the past: by 2030, electric vehicles will be a dominant mode of transport. In fact, the new research estimates that as many as two-thirds of all cars on the road in some wealthy cities could be electric by that point.

Anyone who visited the Paris Motor Show last month may think such a future is inevitable. There, as many as two dozen new electric cars were announced. Many will be on sale as soon as next year, and most by 2020. Proclamations by BMW suggest that electric cars could make up as much as 25 percent of its sales—that’s in the region of 500,000 cars per year—within the next 10 years. Continue reading