Search the Community
Showing results for tags 'bev'.
Found 15 results
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
From the album: Genesis GV60 Electric CUV
-
In 2030, Internal Combustion Engines will Still Reign
G. David Felt posted an article in Automotive Industry
Market forecasts of the future is a fragile thing, yet LMC Automotive has a strong reputation as a consulting firm looking at the global markets. The daily announcements of electric-car churn, major production investments, battery supply, etc. is cause for people to want to take a reality check of the projections by various OEM producers to individual government pronouncements. US projection is that fossil fuel light-duty autos will still be 69% or 7 out of 10 autos on the road in 2030. According to the LMC Automotive research report, 2018 saw that globally light vehicles running on fossil fuels were 95%. This is expected to drop to 92% by the end of 2019 yet a slowing of the change over from ICE to BEV is expected over the next decade. LMC is expecting a contraction of just 3 to 4 percent annually. This respected report is showing that more than half of the global vehicle demand will still have tailpipes and fuel tanks. So let’s take a look at some of the facts starting with the country India where in 2017 it stated that they would be fully electric by 2030. Yet LMC own research points to India being only 3% electric by 2030. On the other end of the spectrum, we have China where LMC expects the country to have a majority of light autos be electric. LMC expects fossil fuel light autos to make up only 48% of the market by 2030 in China, BEV's will be 52%. This is backed up by many other analysts that point to the massive growth of EV's in the next decade that eventually will taper off as costs stop falling for battery production and EV charging infrastructure. Electric cars are expected to be 55% of the global market by 2040 according to the Bloomberg New Energy Finance. One reason for slowing is the acknowledgment that not all markets will have the electrical infrastructure to support BEV auto's when many in countries like Africa do not even have electricity at their home. Looking at the three major automotive markets of China, India and the US, LMC points to the differences in how the change will happen. China will use the carrot and stick approach pushed by the political elite to ensure the New Energy Vehicles (NEV) come to market. Automakers are getting subsidies to manufacture these NEVs and receive strict penalties if they fail to meet the government goals. Here is where demand for ICE autos will fall off the fastest. In the US, demand is expected to be gradual with growth being slowed by the oil industry that has every reason to keep the price of gas low. This is also being tempered by the popular rise of the pickup truck and SUV sales that will keep BEVs in check till these full-size autos are offered in pure electric mode. Then we have India, per the LMC report where government ministers made global headlines in 2017 with their ambitious target to electrify the whole country by 2030 retiring all ICE autos. Including all types of transportation, 2, 3- and 4-wheel vehicles, the India government has since set a target of 30% BEVs by 2030 which LMC believes is unachievable. Despite having adjusted goals, the India government has approved a 3-year $100 billion program to promote electric vehicle adoption. Even with this big push, LMC sees India with a 97% ICE market share in 2030. Based on LMC's own 3-4% ICE decline annually, where ICE made 95% of global sales in 2018, expected to be 92% in 2030 ICE globally is still expected to make up 62% of global market if the 3% a year drop stays constant, yet numerous external factors will also affect this globally. Yet to make this change happen, one critical area is needed to grow. Batteries are the new OIL of the 21st century. Bloomberg expects $548 billion in investments by 2050 in the battery production industry as costs fall, homes and businesses push for a more reliable clean energy source. Battery prices per kilowatt-hour are expected to be below $70, down 67% from today’s cost. Annual batteries to be commissioned by 2050 is expected to exceed 1,288 gigawatts of power. To quote the Bloomberg story: “It’s a matter of ‘when and how’ and not ‘if’ wind, solar and battery technologies will disrupt electricity delivery all over the world,” Seb Henbest, lead author the report, said in an interview. -
Market forecasts of the future is a fragile thing, yet LMC Automotive has a strong reputation as a consulting firm looking at the global markets. The daily announcements of electric-car churn, major production investments, battery supply, etc. is cause for people to want to take a reality check of the projections by various OEM producers to individual government pronouncements. US projection is that fossil fuel light-duty autos will still be 69% or 7 out of 10 autos on the road in 2030. According to the LMC Automotive research report, 2018 saw that globally light vehicles running on fossil fuels were 95%. This is expected to drop to 92% by the end of 2019 yet a slowing of the change over from ICE to BEV is expected over the next decade. LMC is expecting a contraction of just 3 to 4 percent annually. This respected report is showing that more than half of the global vehicle demand will still have tailpipes and fuel tanks. So let’s take a look at some of the facts starting with the country India where in 2017 it stated that they would be fully electric by 2030. Yet LMC own research points to India being only 3% electric by 2030. On the other end of the spectrum, we have China where LMC expects the country to have a majority of light autos be electric. LMC expects fossil fuel light autos to make up only 48% of the market by 2030 in China, BEV's will be 52%. This is backed up by many other analysts that point to the massive growth of EV's in the next decade that eventually will taper off as costs stop falling for battery production and EV charging infrastructure. Electric cars are expected to be 55% of the global market by 2040 according to the Bloomberg New Energy Finance. One reason for slowing is the acknowledgment that not all markets will have the electrical infrastructure to support BEV auto's when many in countries like Africa do not even have electricity at their home. Looking at the three major automotive markets of China, India and the US, LMC points to the differences in how the change will happen. China will use the carrot and stick approach pushed by the political elite to ensure the New Energy Vehicles (NEV) come to market. Automakers are getting subsidies to manufacture these NEVs and receive strict penalties if they fail to meet the government goals. Here is where demand for ICE autos will fall off the fastest. In the US, demand is expected to be gradual with growth being slowed by the oil industry that has every reason to keep the price of gas low. This is also being tempered by the popular rise of the pickup truck and SUV sales that will keep BEVs in check till these full-size autos are offered in pure electric mode. Then we have India, per the LMC report where government ministers made global headlines in 2017 with their ambitious target to electrify the whole country by 2030 retiring all ICE autos. Including all types of transportation, 2, 3- and 4-wheel vehicles, the India government has since set a target of 30% BEVs by 2030 which LMC believes is unachievable. Despite having adjusted goals, the India government has approved a 3-year $100 billion program to promote electric vehicle adoption. Even with this big push, LMC sees India with a 97% ICE market share in 2030. Based on LMC's own 3-4% ICE decline annually, where ICE made 95% of global sales in 2018, expected to be 92% in 2030 ICE globally is still expected to make up 62% of global market if the 3% a year drop stays constant, yet numerous external factors will also affect this globally. Yet to make this change happen, one critical area is needed to grow. Batteries are the new OIL of the 21st century. Bloomberg expects $548 billion in investments by 2050 in the battery production industry as costs fall, homes and businesses push for a more reliable clean energy source. Battery prices per kilowatt-hour are expected to be below $70, down 67% from today’s cost. Annual batteries to be commissioned by 2050 is expected to exceed 1,288 gigawatts of power. To quote the Bloomberg story: “It’s a matter of ‘when and how’ and not ‘if’ wind, solar and battery technologies will disrupt electricity delivery all over the world,” Seb Henbest, lead author the report, said in an interview. View full article
-
Fast Facts Some of the terminology and acronyms you will find when researching electric vehicles may seem confusing. Here are some definitions that will help you better understand the literature you will find. EV - Electric Vehicle - A vehicle that is propelled by a motor powered by electrical energy from rechargeable batteries or another source onboard the vehicle HEV - Hybrid Electric Vehicle - An EV that combines an internal combustion engine with an electric propulsion system. The charge on the batteries is maintained through the normal operation of the engine PHEV - Plug in Hybrid Electric Vehicle - An HEV that incorporates a separate battery system where the charge is maintained by plugging into an external power source BEV - Battery Electric Vehicle - An EV that does not have a combustion engine at all, rather it relies solely on a battery system and must be plugged into a charging source to replenish the charge EVSE - Electric Vehicle Supply Equipment - The "charging" equipment used to maintain a charge on EV battery systems Level 1 EVSE - 120 Volt Charging Equipment - Can fully charge an all-electric vehicle in about 18 hours. A plug-in hybrid may charge to capacity in as little as six hours depending on the capacity of the battery pack Level 2 EVSE - 240 Volt Charging Equipment - Similar to what is used for a clothes dryer, and is well suited for more quickly charging BEVs. Charging time is approximately three to eight hours, depending on vehicle type Level 3 EVSE - High Voltage DC Charging Equipment - Requires three-phase electric service and is the most expensive system. The primary benefit is the capability to charge the vehicle to approximately 80 percent capacity in 30 minutes Charge Coupler - The connecter and mating vehicle receptacle that connects the electric charging source to the electric vehicle EPRI - Electric Power Research Institute - An independent, non-profit company performing research, development and demonstration in the electricity sector for the benefit of the public SAE - Society of Automotive Engineers - A non-profit educational and scientific organization dedicated to advancing mobility technology to better serve humanity J1772 - The North American (And Japanese adopted) SAE standard for the design of the Charge Coupler (a pin and sleeve device) CCID - Charge Circuit Interrupting Device - A safety device that will disable utility power to your electric vehicle charger in the event that a loss of isolation is detected
