Bloomberg is forecasting sales of electric vehicles (EVs) increasing from 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars.
If electric vehicles become cheaper than combustion engine cars at an earlier date then the predicted surge in electric cars could happen sooner.
China is leading the shift to electric vehicles. China has been accounting for about 50% of the global EV market today and this expected to continue through 2025 before slipping to 39% in 2030. China will lead on percentage adoption, with EVs accounting for 19% of all passenger vehicle sales in China in 2025. Europe is predicted to be next at 14%, followed by the U.S. at 11%.
Electric car market share in China for May 2018 us already record 5%.
China electric car sales were 95,000 in May 2018, up 128% on May 2017.
China’s year to date 2018 EV share is 3% versus 2.1% for 2017. EV sales in China are expected to pick up significantly as the year advances, the 2018 PEV share should be over the 5% level for the full year and December possibly reaching 7%.
Bloomberg is forecasting $70 per kwh for battery pricing in 2030.
Bloomberg projects 559 million electric cars on the roads in 2040.
Overall electric car sales should be about 1.6 to 1.9 million in 2018.
The IEA projects 120 million to 220 million electric cars on the worlds road in 2030.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.