Electric Vehicles Will be Really Competitive … Soon

TEI/IET Mobility Newsletter

Montreal, QC (June 4, 2015) – Tremendous advances are being made today in both autonomous vehicle capabilities and in the electric vehicle field. The two together may well be the end-game in the not-so-distant future.

Batteries are an indicator of the rapid development. Electric Vehicle battery costs are projected to fall 80 percent from 2010 levels by 2020. And even this figure is now being challenged.

In Europe, in 2010 there were about 1,000 EVs on the road in the EU+EFTA region with the Think and the Mitsubishi i-Miev as top sellers. In 2014, the number of EVs on the road has risen to 200.000 with top sellers being the Nissan LEAF (second generation), Tesla Model S and the BMW i3.

Electric cars use roughly one-third of the energy of ICE vehicles and are a perfect fit for the electric renewable energy sector since this will create a zero emission transport sector. No other technology can beat this today.

China is giving high priority to the development and deployment of electric vehicles and may already have the technological advantage. We have a tendency to downplay technological developments there.

All of these indicators and more point to a dramatically different transportation environment in the not so distant future.

Read the newsletter (PDF).

About MARCON

MARCON Management Consultants Inc. is a specialized market research, strategy and management consulting firm based in Montreal. For more information, visit www.marcon.qc.ca.

About the Transportation Evolution Institute

The Transport Evolution Institute’s goal is to anticipate changes related to the evolution of mobility, to develop optimal strategies for our collective benefit and to act as an instrument for their implementation. For more information, visit teiet.org.

Source: MARCON