global sales

There has been lots of turbulence in the electric car industry of late. Part of it is aggressive publicity campaigns spreading misinformation and part of it is the natural fits and starts associated with major change. But apart from the ups and downs of individual companies and countries, analysts are projecting another record year for the sales of electric vehicles and are expecting that plug-in cars will account for 20% of all car sales globally. Much of the growth will be driven by China, where 38% of new car sales will be electric cars.

Global sales of plug-in cars are expected to grow by 21% this year, according to Bloomberg New Energy Finance. Total projected sales are 16.7 million cars, including 1.9 million in the U.S., 3.4 million in Europe, and 9.7 million in China. Because of the rapid adoption of electric cars in China, that country is expected to reach peak gasoline demand this year. In other words, the use of gasoline in China will be diminishing from now on.

The auto industry is in flux. The traditional big automakers are currently slowing down EV manufacturing as they work to come up to speed with the technology and market demand. Meanwhile, EV-only carmakers such as Tesla in the U.S. and BYD in China are ratcheting up production. BYD is focusing on emerging economies with its lower-priced offerings.

In the U.S., EV adoption has been slowed somewhat by high interest rates and the slow rollout of EVs by the Big Three automakers. But many new vehicles by a growing list of automakers will provide customers with more and more choices of EVs to suit diverse tastes and needs.

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This Year One in Five Cars Sold Globally Will Be an EV

Photo, posted November 18, 2023, courtesy of RL via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Cities are awash in microscopic soot and other pollutants from the tailpipes of vehicles. Apart from contributing substantially to the warming of the planet, these emissions have a significant impact on human health. Research at Cornell University has determined that the continued growth of electric cars will lead to cleaner air and reduced human mortality in most if not all U.S. metropolitan areas.

The study, published in Renewable and Sustainable Energy Reviews, estimated the health impact and consequential economic impact of cleaner air in American cities as a result of the transition to electric vehicles.

For example, by 2050, Los Angeles will have 1,163 fewer premature deaths annually, corresponding to $12.6 billion in economic health benefits. Greater New York City could see 574 fewer deaths a year leading to $6.24 billion in associated economic gains.

Global sales of electric cars have grown steadily. In 2016, they accounted for less than 1% of the market. That share grew to 2.2% in 2018, 4.1% in 2020, and 6.6% in 2021.

In the U.S., electric cars accounted for 4.5% of sales in 2021, but in many cities, the numbers were much higher.

These trends are likely to accelerate as a combination of government policies and major decisions by automakers drive a rapid transition to electrification. While mitigating the effects of climate change continues to be the main driving force for that transition, the human health benefits will be a very significant reward for doing the right thing for the planet.

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Electric car sales drive toward cleaner air, less mortality

Photo, posted May 11, 2021, courtesy of Chris Yarzab via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

One in five cars will be electric this year

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Electric Cars And Cleaner Air | Earth Wise

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