[[[[[ … With a lag, EVs are now starting to take a material bite, with an S-curve trajectory likely to go parabolic this decade.
China’s EVs sales hit 38 per cent this summer, even though subsidies have mostly been scrapped. This is far ahead of schedule under Beijing’s New Energy Vehicle Industry Development Plan.
China’s Chebai think tank says the emerging consensus is that EV sales will hit 17m or 60 per cent of total Chinese share by 2025, rising to 90 per cent by 2030, assuming that the grid can keep up.
Li Xiang, founder of the booming Chinese carmaker Li Auto, thinks EV sales will reach 80 per cent as soon as 2025. Rival BYD is selling over 50,000 EVs a week, including its workaday Seagull retailing for $US10,200 in the home market … … The IEA pulls its punches. The Rocky Mountain Institute argues in its latest report – End of the ICE Age – that half of global car sales could be EVs by 2026, reaching 86 per cent later this decade.“By 2030 oil demand for cars will be falling at over 1m b/d every year and the endgame for one quarter of global oil demand will be in sight,” it said … ]]]]]
