EV news around clean renewable transportation this week looked — mostly — to the future with optimism. Sure, the usual EV naysayers continued to focus on an EVs’ lack of range (yawn), but 2017 saw a wider variety of cars sold in the US that offer both comfortable range limits and lots of tech features. In fact, in case you haven’t been watching, the median range for an all-electric car in the US has nearly doubled over the last 6 years or so, according to data from the US Department of Energy. EV news about range is quite good, then, as it means that — with US range growth from 73 miles per full charge in 2011 to 114 miles per full charge in 2017 — most EV commuters can be confident now that their vehicle miles traveled per day needs can be satisfied by an EV.
EV News Data and Trends
A combination of government incentives, more extensive model selections, and falling battery costs electric car sales has led to a total of about 1,000,000 EVs sold per year in the world with about 3,000,000 EV total overall sales. Indeed, the Swedish EV data tracking group, EV-Volumes, has projected that the number of battery-powered cars on the world’s roads will increase to about 5,000,000 by the end of 2018.
Indicative of the trend, the government of China has elected to extend the current tax rebate program for so-called “new energy vehicles” — all-electric vehicles, plug-in hybrids, hydrogen fuel cell vehicles, etc. — through the end of 2020. Originally, it was thought that the tax exemption would be phased out at the beginning of 2018. China made other recent EV news, too, as part of Ford’s plans by 2025 to launch 15 new “electrified” vehicles — including an electric car with a 300-mile range. Why is China part of the Ford announcement? Jason Luo, chairman and CEO of Ford China, said that the company “will meet the growing desire and need in China for great new energy vehicles” through production in China. Gulp. So much for the Detroit revitalization.
Political economists now anticipate that EVs will be a better overall value than internal combustion engines (ICUs) by 2022 in the small SUV and compact car market. But wait! If you’re able to spend larger amounts to enter the EV luxury car market, you’d be able to have parity by 2019. By 2024–2025, EVs will outcompete ICUs on both features and price in pretty much every vehicle segment.