Rethink Energy Makes Bold Predictions About Global Vehicle Fleet Transition To Electric
PublishedRethink Energy has made the prediction that some countries’ entire automotive fleets will be electric within the next decade. Policy changes in various countries have led to changes in market dynamics. However, the uptake trend is obvious for electric vehicles.that some countries will have 100% electric vehicle fleets as early as 2032. China and some Western European countries will achieve this milestone by 2032, and the USA by 2038 .
According to Rethink Energy, the Chinese automotive fleet is expected to hit 100% electric vehicles in 2032. Bold prediction.European markets have been grappling with the Russian invasion of Ukraine and its effect on energy prices. Markets are slowly recovering.
Europe’s uptake of EVs seems to have been side tracked by a war, the resulting recession, and a strange conversation about e-fuels. Future demand will also be affected by declining population numbers in some European countries. Attempts to discourage private car ownership, especially in congested cities, will also reduce the numbers of vehicles sold. Longer lasting BEVs will mean a lower scrappage rate and may lead to an expansion of the used car market and battery replacement services.
“India’s story is going to be similar to a lot of countries within the region, particularly the Asian Tigers of Indonesia, Vietnam, and the Philippines. All of these countries are predominantly 2-wheel focused markets which will need to see significant infrastructure investment if they want to turn into 4-wheel oriented markets.” This will depend on the ability of these economies to fund road expansion.
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