4 Million Electrified Vehicles Sold Globally, 5 Million Expected In 6 Months (Bloomberg New Energy Finance)
“Nobody wants to buy an electric car.” You hear that all the time from the troglodytes who owe their fat salaries to fossil fuel interests. But the truth is, sales of electric cars are skyrocketing and the pace is accelerating. Are we near that long sought after inflection point when electric cars go mainstream?
It took 60 months for the first million EVs to find buyers. The time needed to reach successive sales marks is shrinking. It took 17 months to get from 1 million to 2 million and only 10 months to get from 2 million to 3 million. BNEF predicts the 5 million mark will arrive about 6 months from now.
Unsurprisingly, China — with its aggressive incentives and policies — is now the world leader in EV sales. It accounts for roughly 40% of all EV sales. BNEF expects that trend to continue. China will reduce direct incentives next year and replace them with a credit system patterned on the one used in California. Each battery electric car will get three credits, a plug-in hybrid two credits, and a hybrid 1 credit. Manufacturers of conventional cars will need to buy credits from EV makers in order to sell their combustion engine offerings, which will make the price of traditional cars higher.
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4 Million Electrified Vehicles Sold Globally, 5 Million Expected In 6 Months (BNEF) | CleanTechnica BNEF says 4 million EVs have now been sold worldwide and the pace of sales is increasing. It expects the 5 million EV level to occur in just the next 6 months. |