Electric Vehicles: What’s the Deal?
Electric Vehicles: What's the Deal? By Randy Lioz, Editor, Car-ED.com | March 2018 The current moment seems to be quite the debutant ball for electric vehicles. Auto manufacturers have all, in turn, announced major commitments to electrifying their fleets, as a growing number of countries—largely in Europe, but including China and India—publicize plans to phase out internal combustion engines. But the picture is complicated by the demand side, where there seem to remain significant barriers to mass EV adoption. Here we’ll take a look at these developments and tease out some insights about what the future of the EV market might look like. Who’s banning traditional engines? Several countries have come out with policy stances that essentially aim to put internal combustion engines (ICEs) in the rear-view mirror. Norway is the most aggressive here, banning them by 2025, while India and the Netherlands peg the date at 2030 (this has also been proposed in Germany). Britain and France are more relaxed, with a target of 2040. China has yet to plant its own stake in the ground for a total ban, but the largest car market in the world has made regulatory moves that require its sales to comprise 10% EVs by next year and 12% by the following year. These are big jumps, considering the EV penetration in China in 2017 probably didn’t break 2%. Country Internal Combustion Ban Starts Norway 2025 [...]