Pure Electric Vehicles Enter Phase of Fastest Growth Report Claims

New studies from London breakdown the rise of pure electric vehicle growth.

The world is going crazy about electric vehicles. A series of new reports from IDTechEx Research says the electric vehicles have officially entered their fastest phase of growth. While good news, it isn't too unexpected. Rapid improvements in technology have expanded the electric vehicle market in so many ways.

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Battery costs have dropped whilst their range and efficiency have increased. At the same time, governments across the world are embracing policies that emphasis no carbon emission transport. One of the studies by the independent market research company examines the rise of electric buses across the globe.

Electric buses on the up

The study, “Electric Buses 2019-2029” reports that, “Qbuzz in the Netherlands has ordered 159 pure electric buses, Helsingborg Sweden 76, Brussels Airport 30 and London 68 pure electric double deckers. Cities across the UK recently placed a total of 263 orders for zero-emission buses.Warsaw will order 130 pure electric buses for delivery by 2021. Kazakhstan is expecting 700 electric buses and Azerbaijan another 500 over the next three years.”

But India could outdo all of these statistics, the government is reportedly planning to deploy 10,000 pure electric buses replacing some of the 1.6 million registered buses there.

India to replace 1.6 million diesel buses

The Indian government has ambitious plans to make all bus transport electric as one of the ways to combat the horrific air pollution in the country. One of the reasons electric vehicle adoption has skyrocketed in the bus section is the development of no battery electric buses.

These buses might employ a range of other technologies such as solar bodywork to the intermittent catenary, rails, or coils in the road. Battery costs have also significantly dropped while the range has continued to rise which also opens the possibilities for more electric public transportation.

Price parity aspirations

The IDTechEx Research report, “Energy Storage for Electric Buses and Trucks 2019-2029” suggest that price parity between full electric buses and their diesel counterparts will arrive around 2030 but could also be earlier. One of the countries with the largest increase in electric vehicles is in China.

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One of the main reasons for this is that price parity between the entry-level electric vehicle and traditional fuel cars has already been reached, a milestone many western countries are yet to achieve.

By 2030 the IDTechEx Research report, “Electric Vehicles in China 2019-2029” bring the good news that that pure-electric cars in China will have lower up-front price than internal combustion equivalents around 2023.

The other big electric vehicle adoption is Norway. The growth has been so fast thanks to a combination of high wages and significant government subsidies.

IDTechEx suggests an obstacle to even fast adoption is thanks to a lack of e-vehicles availability. The popular Kia Niro has a one-year delivery delay and we are all familiar with the problems Tesla experience getting the Model 3 into Europe.

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