Difference between revisions of "Electric Transportation 101"
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Market transformation is underway and electric transportation is expanding quickly: | Market transformation is underway and electric transportation is expanding quickly: | ||
* At the end of 2019, nearly 1.4 million EVs were on the road in the United States—double the amount in mid-2017. | * At the end of 2019, nearly 1.4 million EVs were on the road in the United States—double the amount in mid-2017. | ||
* In 2019, new light-duty EVs added 920 gigawatt-hours in annual energy load to the U.S. grid. | * In 2019, new light-duty electric vehicles (EVs) added 920 gigawatt-hours in annual energy load to the U.S. grid. | ||
* Global EV sales are accelerating, particularly in Europe and China. | * Global EV sales are accelerating, particularly in Europe and China. | ||
* The diversity of products is growing quickly. In the United States, a total of 46 EV models are available, including recent releases of crossovers, trucks, and sports utility vehicles. | * The diversity of products is growing quickly. In the United States, a total of 46 EV models are available, including recent releases of crossovers, trucks, and sports utility vehicles. | ||
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* By 2024, EVs are expected to reach price parity with gasoline-fueled vehicles. | * By 2024, EVs are expected to reach price parity with gasoline-fueled vehicles. | ||
<strong>Benefits for Society, Time-Sensitive Action | <strong>Benefits for Society, Time-Sensitive Action</strong> | ||
EVs are fun to drive, comfortable, safe, and convenient to refuel. They also offer a wide array of societal, climate, environmental and public health benefits: | |||
* The gasoline-free driving experience offered by EVs can cut vehicle emissions - which is especially critical in frontline communities adjacent to heavily trafficked roadways. | |||
* EVs help to shift our energy reliance to domestic sources. | |||
* EVs can cost less to operate over their lifetime thanks to purchase incentives, lease options, and discounted electricity rates. | |||
According to an [https://www.epri.com/research/products/3002006881 EPRI-Natural Resources Defense Council study], widespread electric transportation powered by a cleaner grid has the potential to reduce greenhouse gases by as much as 77% between 2015 and 2050. However, EV market transformation is time-sensitive: Because cars sold today are expected to last an average of about 12 years—with many lasting a decade longer—postponing the scale-up of EVs could result in missing 2030 climate targets. | According to an [https://www.epri.com/research/products/3002006881 EPRI-Natural Resources Defense Council study], widespread electric transportation powered by a cleaner grid has the potential to reduce greenhouse gases by as much as 77% between 2015 and 2050. However, EV market transformation is time-sensitive: Because cars sold today are expected to last an average of about 12 years—with many lasting a decade longer—postponing the scale-up of EVs could result in missing 2030 climate targets. | ||
==Additional Resources== | |||
* | * [https://www.epri.com/research/products/000000003002021789 Consumer Guide to Electric Vehicles, June 2021] | ||
Revision as of 14:13, 7 January 2022
Industry Facts
[UPDATE]
Market transformation is underway and electric transportation is expanding quickly:
- At the end of 2019, nearly 1.4 million EVs were on the road in the United States—double the amount in mid-2017.
- In 2019, new light-duty electric vehicles (EVs) added 920 gigawatt-hours in annual energy load to the U.S. grid.
- Global EV sales are accelerating, particularly in Europe and China.
- The diversity of products is growing quickly. In the United States, a total of 46 EV models are available, including recent releases of crossovers, trucks, and sports utility vehicles.
- Dozens of EV applications for commercial and industrial fleets are emerging, including deployments of electric garbage trucks, transit buses, and school buses.
- The density of public charging infrastructure is increasing. Utilities are proposing more than $3 billion worth of infrastructure projects.
- Over the past decade, battery costs have fallen by more than 80%.
- By 2024, EVs are expected to reach price parity with gasoline-fueled vehicles.
Benefits for Society, Time-Sensitive Action
EVs are fun to drive, comfortable, safe, and convenient to refuel. They also offer a wide array of societal, climate, environmental and public health benefits:
- The gasoline-free driving experience offered by EVs can cut vehicle emissions - which is especially critical in frontline communities adjacent to heavily trafficked roadways.
- EVs help to shift our energy reliance to domestic sources.
- EVs can cost less to operate over their lifetime thanks to purchase incentives, lease options, and discounted electricity rates.
According to an EPRI-Natural Resources Defense Council study, widespread electric transportation powered by a cleaner grid has the potential to reduce greenhouse gases by as much as 77% between 2015 and 2050. However, EV market transformation is time-sensitive: Because cars sold today are expected to last an average of about 12 years—with many lasting a decade longer—postponing the scale-up of EVs could result in missing 2030 climate targets.