Electric Vehicle Revolution Will Start In 2022

Posted: Feb 29 2016, 11:31am CST | by , in News | Cars & Vehicles

 
Electric Vehicle Revolution Will Start in 2022
Getty Images
  • 2022 would be the years of the Electric Vehicle revolution… not 2020!

Don't Miss: This How to find Fingerlings in Stock

Bloomberg has published a report claiming by 2040 25% of cars will be electrically powered globally.

It seems 2022 will be the years when Electric cars will take over a majority of the auto market. Although it was originally believed 2020 would be the years of the Electric Vehicle revolution.

But now it seems the schedule has been pushed two years forward. Although it’s not a big deal but the schedule has still been changed.

So experts now believe 2022 is the year when electric cars will cost as much to make and buy as internal combustion cars. So the EV Revolution is now slated for 2022 not 2020.

The claims come to lights after a report by Bloomberg on the Electric Revolution. The report even states by 2040 about 25 percent of cars will be powered by electricity.

However currently global market share of electric vehicles is 1 percent. Right now in 2016 the biggest problem with electric cars is they are too expensive.

Bloomberg claims the expense problem will vanish by 2022. Bloomberg states the total cost of ownership of BEVs (battery electric vehicles) will fall. The fall of the price of a BEV will be below the cost of an internal combustion engine vehicle.

The entire equation depends upon the cost of the battery packs. As the battery pack make up one third of the total cost of the vehicle. But since it was found the cost of batteries has been decreasing the problem will end by 2022.

Battery packs have been going down from $1,000 per kWh to $350 per kWh from 2010 to 2015. So in one year the cost of battery packs has gone down by 65%.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author


M. Affan covers the hottest news that captivate the web today.

 

 

Advertisement

comments powered by Disqus