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Electric Vehicles [message #351442] Mon, 20 January 2020 08:09 Go to previous message
Christo is currently offline  Christo   United Kingdom
Messages: 109
Registered: April 2019
Location: Weymouth, MA
Karma:
Senior Member
Hi all,

I had intended to politely take exception to James Hupy's comment on the Electric Fuel Pump thread where he said, "Sale of Electric Vehicles dropped by 7% in 2019.
People that still can think for themselves, aren't buying them," but for some reason his post is only showing up in the email digest and not on the forum. Anyhow, it's probably better to start a new thread. I can think for myself, so here goes:

Global auto sales were down from 94.4 million to 90.3 million. Despite that overall environment, EV sales and market share (the more important figure if we're debating what people are buying) increased. Looking at the components that make up the global figure, EV sales and market share were down in the US. However, both numbers were up in Europe, and although EV sales were down slightly in China, market share increased.

Overall, the multi-year trend is clear: EV investment and market share are growing. In addition, the combined annual growth rate (CAGR) of renewable energy is forecast to be 8.5% between 2019 and 2027. Coal, meanwhile is in decline; its market share in the US has dropped from 52.8% in 1997 to 27.4% in 2018.

Sources:
https://cleantechnica.com/2020/01/18/fossil-vehicle-sales-in-global-freefall-down-4-7-in-2019-electric-vehicle-sales-continue-to-grow/
https://qz.com/1762465/2019-was-the-year-electric-cars-grew-up/
https://www.marketwatch.com/press-release/renewable-energy-market-size-growth-2019-merger-share-trends-competitive-landscape-statistics-regional-and-g lobal-industry-forecast-to-2027---01-jul-2019-2019-07-01
https://en.wikipedia.org/wiki/Coal_power_in_the_United_States#cite_note-eia.doe.gov-7


Christo Darsch
GMC Nor'easters
1977 Eleganza II - "The Komet"
3.50 Power Drive, Disc Brakes, Alcoas
Weymouth, MA
 
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