EVs Ready To Race Ahead In 2018

Global Electric Vehicle Market Looks to Fire on All Motors in 2018

Sarwant Singh, April 3,2018 (Forbes)

“…Global electric vehicle (EV)] sales are poised to climb from 1.2 million in 2017 to 1.6 million in 2018 and further upwards to an estimated 2 million in 2019…[although major challenges remain] related to battery technology and charging infrastructure, [according to a new report from Frost & Sullivan]…Initiatives to develop low- cost, fast charging battery technologies that support long range use looked set to yield promising results. In 2017, car manufacturers targeted higher battery capacities of over 60 kWh that increased the range of an EV up to 200 miles on a single charge…[Safer, longer duration] solid state batteries have emerged as potential game changers for future battery chemistries…[and are already being developed by] leading car manufacturers including BMW and Toyota…[At the same time, the cost of lithium ion battery packs] fell below $200 KWH…There are currently over 90,000 public charging stations globally which are poised to expand to over 120,000 in 2018…[Charging stations typically tend to be clustered around areas where EV sales are the highest. This is on the verge of transforming…EV sales across all major regional markets are on the upswing. In 2017, China led the market with just short of 50% market share, followed by Europe with 26%...” click here for more

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