Long-term electric vehicles outlook and their potential impact on electric grid

Nikita O. Kapustin and Dmitry A. Grushevenko

Energy Policy, 2020, vol. 137, issue C

Abstract: The last decade was marked by a new boom of popularity for electric transport. Massive government support helped increase EV annual sales from just 2 to over 753 thousands worldwide over the ten years. Many countries and private enterprises hold extremely high hopes for electric transport, predicting the imminent abandonment of the internal combustion engines (ICE). Our research shows that in 2018 EVs are yet still unable to compete on equal footing with conventional cars. However, should government and auto manufacturers maintain the current pace of development, true competitiveness between ICE and electric vehicles can be achieved by 2035 even in the low-oil-price environment.

Keywords: Forecast; Modelling; Transport sector; Electric vehicles; Power sector; Electricity demand (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:137:y:2020:i:c:s0301421519306901

DOI: 10.1016/j.enpol.2019.111103

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