Data Shows the US Quietly Transitioning to an Electrified Future

February 2, 2019 by Michael Cheng
Shoppers stroll past the Tesla store at Westfield Century City mall in Los Angeles on August 27, 2018. (Jerome Adamstein/Los Angeles Times/TNS)

In the US, the automotive sector is gearing up for a disruptive, electrified future. The future of gas-powered cars is at risk, due to the proliferation of sustainable, battery-powered electric vehicles (EVs). Data published by Inside EVs indicate a sharp increase in EV adoption, based on new EV sales amounting to 361,307 units – an 81 percent increase in 2018.

“I did not expect the growth rate to be over 30 percent for 2018. I expected it to be in the 20 percent range, which is where it’s been,” said Chris Nelder, manager of Rocky Mountain Institute’s mobility practice.

“I did expect we’d have a sharp increase in the rate adoption sometime soon. But I didn’t think it would be in 2018.”

A closer look at the data shows Tesla taking a lion’s share of EV sales last year, at 139,782 units sold for the Model 3. Toyota’s Prius Prime sits comfortably in second place, which sold roughly 27,595 vehicles over the same period. Tesla also captured the 3rd and 4th spot with the Model X and Model S, respectively.

The surge in EV sales can be linked to a wide range of factors. Supporting infrastructure, in the form of EV charging stations, is becoming more accessible in the country thanks to Volkswagen’s court-mandated subsidiary Electrify America and wide implementation of Tesla’s Supercharger network. To date, over 99 percent of US residents is conveniently located within 150 miles of a Supercharger station.

Such efforts are designed to curb “range anxiety” experienced by EV owners concerned with getting stuck on the side of the road due to a failing battery. At the moment, EV charging hubs in the country are available at a rate of 1 charging station per 17 electrified cars. As competition for EV charging services continue to increase, owners of EVs may benefit from lower charging rates.

“All of the automakers are looking at versions of electric vehicles,” said Mike Moran, a spokesman for Electrify America.

“If you build the electric vehicles, (consumers will) buy them. But where are they going to charge them? We’re just part of that solution.”

Next, electrified cars sold in the US currently qualify for federal tax credits (Plug-In Electric Drive Vehicle Credit). Although the incentives are slowly being phased out as EV sales continue to rise, many individuals may still find this period ideal for purchasing an EV. Federal tax credits for EVs are expected to end by 2021, according to White House economic adviser Larry Kudlow.

From a global perspective, the entire industry is experiencing rapid growth. European countries with aggressive sustainable-energy objectives, such as Norway, Germany and Switzerland, are actively promoting EVs. Moreover, a myriad of countries, including Denmark, Italy and Ireland, have pledged to ban gas or diesel-powered vehicles within the next 15 years.

To ensure compliance with such restrictions, many individuals and businesses are already transitioning to electrified alternatives.

Energy

Decline in Emissions and Transportation Sector Energy Demand in 2020
Climate
Decline in Emissions and Transportation Sector Energy Demand in 2020
February 24, 2021
by Reece Nations

Although 2020 was an economically woeful year due to the coronavirus pandemic, a joint report by BloombergNEF and the Business Council for Sustainable Energy indicates renewable energy sources made record contributions to the country’s power grid.  The annual report, called the Sustainable Energy in America Factbook,... Read More

British Court Ruling Against Oil Company Could Expand Liability for Foreign Accidents
Energy
British Court Ruling Against Oil Company Could Expand Liability for Foreign Accidents
February 19, 2021
by Tom Ramstack

A ruling by Britain's top court last week that said Royal Dutch Shell oil company could be liable in English courts for pollution by its subsidiary in Nigeria, is likely to expand the company’s potential liability abroad. The court’s decision also creates a likelihood of liability... Read More

Intense Winter Weather Causing Blackouts and Complicating Texas’ COVID-19 Vaccination Efforts
In The States
Intense Winter Weather Causing Blackouts and Complicating Texas’ COVID-19 Vaccination Efforts
February 17, 2021
by Reece Nations

AUSTIN, Texas — Rolling blackouts caused by an unprecedented winter storm have delayed the delivery of hundreds of thousands of doses of COVID-19 vaccinations across Texas, state health officials said Tuesday.  Texas was set to receive 407,650 first doses and 333,650 second doses of COVID-19 vaccines... Read More

BOEM Cancels Planned Gulf of Mexico Lease Sale
Energy
BOEM Cancels Planned Gulf of Mexico Lease Sale
February 16, 2021
by TWN Staff

The Bureau of Ocean Energy Management on Friday cancelled an oil and gas exploration lease sale for a sizable swath of the Gulf of Mexico. Lease Sale 257, which was scheduled to be live-streamed from New Orleans on March 17, would have been the eighth offshore... Read More

Biden Announces Additional Members of His Energy and Jobs Team
White House
Biden Announces Additional Members of His Energy and Jobs Team
February 10, 2021
by TWN Staff

WASHINGTON – Joe Biden is adding two new members to his energy and jobs team: David Turk, deputy secretary of Energy and Julie Su, deputy secretary of Labor. They will support the work of Secretary of Energy nominee Jennifer Granholm and Secretary of Labor nominee Marty... Read More

DOE’s Energy Information Administration Releases 2021 Energy Outlook
Energy
DOE’s Energy Information Administration Releases 2021 Energy Outlook
February 8, 2021
by Kate Michael

WASHINGTON — Each year the Energy Information Administration, a statistical and analytical agency within the Department of Energy, releases its annual Energy Outlook which provides updated projections of U.S. energy markets. Releasing its 2021 report with a virtual discussion at the non-profit Bipartisan Policy Center last... Read More

News From The Well
scroll top