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Booming Electric Car Sales

September 12, 2019 By EarthWise Leave a Comment

Electric cars are becoming more and more commonplace over time. There is no place in the world where this is more evident than in Norway. This year, about half the new cars sold in Norway have been electric. This compares to only 25% just last year. In March alone, nearly 60% of vehicle purchases in Norway were plug-in cars, outselling gas and diesel cars for the first time ever.

Norway has encouraged the switch to electric transportation by making battery-powered cars tax exempt as well as offering various other incentives. This is all part of the country’s plan to end the sale of fossil fuel cars entirely by 2025.

Although Norway leads the world in electric car sales on a per capita basis, there are many other places seeing rapid growth. In Maryland, for example, so many electric cars were sold in the past year that the state’s tax credit program, which has a $3 million annual budget, ran out of money seven months before the end of the fiscal year. Between 2017 and 2018, the number of EVs registered in Maryland doubled to over 18,000.

New York has also seen robust growth in electric vehicles. There are now more than 40,000 plug-in cars registered in New York State. About a third of those are Tesla models, with the increasingly popular Tesla Model 3 rapidly becoming the dominant plug-in car in the state. In fact, this year the Tesla Model 3 has accounted for about 60% of all plug-in car sales in the United States.

Not only are electric car sales going up, so are the options for car buyers. Within the next year or two, there will be numerous new electric car choices available from multiple manufacturers appealing to the tastes of a growing range of car buyers.

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EVs Make Up Half of New Car Sales in Norway So Far This Year

Photo, posted May 16, 2019, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Affordable Electric Cars

May 1, 2019 By EarthWise Leave a Comment

The main reasons that electric cars haven’t taken over are that they didn’t drive far enough on a charge, it took too long to charge them, and, most of all, they cost too much.

In recent years, the problem with driving range has steadily been disappearing as electric cars that can go over two hundred and even over three hundred miles on a charge have entered the market. Charging time has also become less of a problem. Tesla’s network of Superchargers can provide 200 miles worth of charge in half an hour and their next generation of chargers, which are just starting to appear, can cut that time much further.

As for cost, a new report by transportation analysts at Bloomberg New Energy Finance predicts that electric vehicles will be cost-competitive with combustion-engine cars by 2022.

The main reason is that the cost of EV batteries has been plummeting. In 2015, batteries made up 57% of the total cost of an electric vehicle. Today, that number is down to 33% and is expected to drop to 20% by 2025. In addition, the cost of electric powertrain systems is also dropping. The Bloomberg report predicts that over the next decade, costs for motors, inverters, and power electronics could be 25 to 30% cheaper than today.

The cost of electric vehicles has been dropping faster than predicted. Bloomberg’s report on the subject in 2017 predicted cost parity in 2026. Last year, they changed it to 2024. And now, they are saying 2022.

Given that electric cars are much cheaper to drive than gasoline cars, finding reasons not to drive them is getting harder to do.

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Electric Cars Could Be As Affordable as Conventional Vehicles In Just Three Years

Photo, posted November 17, 2018, courtesy of Jakob Harter via Flickr.

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Electric Cars In Norway

February 18, 2019 By EarthWise Leave a Comment

Norway has long been a world leader in sales of electric vehicles. The country only has 5.3 million people, so the absolute numbers cannot compete with those of large countries. Despite that, it wasn’t until the first quarter of last year that Germany became the leader in number of electric cars sold in Europe and Germany has 15 times the population of Norway.

In percentage terms, almost one-third of all new cars sold in Norway last year ran on batteries. The country offers generous subsidies for buyers who opt to go electric. The government has set a goal of having all new cars be emission-free by 2025. Last year, three of the top five most popular new car models were electric: the Nissan Leaf, the BMW i3, and the Tesla Model X.

Tesla’s Model 3, which has shattered all records for electric car sales in the United States, has yet to go on sale in Norway. When the car becomes available there in the next few months, it is expected to generate very high sales figures.

The 31% market share for electric cars in Norway far exceeds that of most other countries. In the United States, for example, plug-in cars account for only about 2% of new car sales. Only Hong Kong and Iceland are also currently above 5% electric.

Norway’s role in all of this is rather convoluted. The country has copious hydroelectric power resources that provide virtually all of its electricity. Thus, electric cars in Norway are truly clean, green vehicles. On the other hand, Norway is the 15th largest producer of oil in the world and gets about 17% of its GDP from oil exports. Tackling climate change must ultimately deal with the emissions Norway continues to export.

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Photo, posted October 3, 2018, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Electric Cars For Real This Time?

August 29, 2017 By EarthWise

Electric cars have been around for a long, long time. The first ones appeared in the mid-19^th century. Around the turn of the 20^th century, they were popular for taxi cabs in places like New York City. But within about 10 years, they mostly disappeared. In the 1990s, electric cars had a brief revival with vehicles like the General Motors EV1. But again electric cars mostly vanished.