On September 10, Bloomberg relayed China’s new measure to stop the sale of fossil-fueled vehicles and encourage manufacturers to focus on the deployment of electric cars on its territory. And China is not alone in asserting such a will. By 2040, many countries should have eradicated gas and diesel-fueled cars. Are we on the verge of ending car pollution? Things seem to be heading this way.
More than two million hybrid or electric cars
A study by the International Energy Agency (IEA) recently revealed that in 2016, more than two million electric or hybrid vehicles were in circulation, setting a new record. Of the 750,000 sold in the same year in the world, 300,000 were in China.
Norway has its say
The IEA study also reveals that Norway has a 29% market share for electricity, the highest rate for a country. This figure follows the drastic decline, reported by Le Monde, of oil-related revenues. The government then multiplies the benefits for the purchase of fossil fuel-free vehicles, such as cancellation of the registration tax. An operation that is part of the Oslo plan, which aims to stop emitting a single gram of carbon by 2025 and thus targets, according to another article in Le Monde, the use of electric vehicles only.
The Joint Commitment for 2040
If Oslo’s plan is to stop selling a single fossil fuel car by 2025, many other countries have committed to the same goal, but at other times, Les Échos reported. Germany and India set 2030 as a target date, while France and the United Kingdom aim for 2040. According to IOL, the British already show a certain appetite for the electric car. More than 20% of the vehicles sold in 2016 in the UK were hybrid or electric.
Nicolas Hulot has a plan
The Norwegian objective was inspiring to many. Among them, Nicolas Hulot, Minister of Ecology and Solidarity Transition, who presented the first measures of his climate plan on September 18, 2017, in an interview with Libération. These include an increase in the conversion premium paid to motorists wishing to invest in a hybrid or electric vehicle combined with an increase in the tax for vehicles that are too polluting and whose penalty has been reduced by 6 grams of CO2 per kilometer.
Maintenance of electric cars will cost less by 2022
According to analysts from the Bloomberg New Energy Finance (BNEF), relayed by The Guardian, owning an electric car will soon be less expensive than the maintenance of a conventional vehicle. This is despite the fact that gas-fueled vehicles are expected to reduce their consumption by 3.5% each year. “At the core of this forecast is the work we have done on EV battery prices. Lithium-ion battery costs have already dropped by 65% since 2010, reaching $350 per kWh in 2015. We expect EV battery costs to be well below $120 per kWh by 2030, and to fall further after that as new chemistries come in.”, says Colin McKerracher, researcher at the BNEF.