By the end of 2018, electric cars and buses will displace 279,000 barrels a day. At the end of 2018, there are about 5 million electric cars.
China is calling for the production of 2 million electric vehicles (EVs) a year by 2020, and 7 million a year by 2025. By 2025, electric vehicles would be 20% of total new car production for China.
China adding London Bus Fleet in electric buses every 5 weeks
Every five weeks, 9,500 brand new electric buses are added in China. This is th entire London bus fleet, says a new report by Bloomberg New Energy Finance.
The world has around 3 million buses. Most run on diesel and compressed natural gas. The global fleet of electric buses now totals around 385,000 vehicles – and 99% of those are in China. Half of the world’s buses could be electric by 2025. If the electric bus rollout sped up then almost all of the world’s buses could be electric by 2025.
Having all electric buses and a large number of short-haul electric trucks could offset 2.5 million barrels per day of oil by 2025 to 2030.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.