Electric/Hybrid – DNV GL finds that 50 percent of all new cars sold globally by 2033 will be EVs – Renewable Energy Magazine
Electric Vehicle (EV) sales will increase from less than 20 percent globally to more than 90 percent within a 10-year period, resembling the fast transition seen with technologies such as digital cameras, finds a new forecast by DNV GL.
According to a new forecast by DNV GL, this growth follows an S-shaped curve of innovation. The company’s annual Energy Transition Outlook provides a forecast of the global energy landscape up to 2050. Statistics from the World Economic Forum reveal that several countries, including Germany, Norway, Netherlands, UK, France and India have already set out targets to phase-out or ban petrol and diesel cars in the years to come. The forecasts in DNV GL’s Energy Transition Outlook reveal that these targets are achievable. However, there are challenges facing the uptake of EVs, including cost, range anxiety and concerns about infrastructure.