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Long-term electric vehicles outlook and their potential impact on electric grid

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  • Kapustin, Nikita O.
  • Grushevenko, Dmitry A.

Abstract

The last decade was marked by a new boom of popularity for electric transport. Massive government support helped increase EV annual sales from just 2 to over 753 thousands worldwide over the ten years. Many countries and private enterprises hold extremely high hopes for electric transport, predicting the imminent abandonment of the internal combustion engines (ICE). Our research shows that in 2018 EVs are yet still unable to compete on equal footing with conventional cars. However, should government and auto manufacturers maintain the current pace of development, true competitiveness between ICE and electric vehicles can be achieved by 2035 even in the low-oil-price environment.

Suggested Citation

  • Kapustin, Nikita O. & Grushevenko, Dmitry A., 2020. "Long-term electric vehicles outlook and their potential impact on electric grid," Energy Policy, Elsevier, vol. 137(C).
  • Handle: RePEc:eee:enepol:v:137:y:2020:i:c:s0301421519306901
    DOI: 10.1016/j.enpol.2019.111103
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    References listed on IDEAS

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    1. Jian Chai & Shubin Wang & Shouyang Wang & Ju’e Guo, 2012. "Demand Forecast of Petroleum Product Consumption in the Chinese Transportation Industry," Energies, MDPI, vol. 5(3), pages 1-22, March.
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