Last Year (2016) Record 750,000 Sold
The International Energy Agency, which tallies the number of electric vehicles on roads around the world, reported recently that after a year of strong growth, the total number of electric cars has passed two million. The organization’s Global EV Outlook 2017 publication said the number went up 50 percent from 2015 to 2016, when 750,000 pure electrics and plug-in hybrids were sold.
Global EV Outlook 2017
In addition to the cars, the report noted that in 2016 there were 200 million electric two-wheelers and 345,000 electric buses, mostly in China. Government policies remain the main driver for EV sales, which may lead to volatility in the future, although more electric models are being introduced.
The top countries for electric car sales by volume are as follows:
- United States
- United Kingdom
Of these, six have reached one percent of the overall market for electric cars—China, Norway, United Kingdom, France, Netherlands and Sweden. China, the United States and Europe are the dominant markets for EVs, accounting for 90 percent of all sold.
Tesla Model S – Leading Worldwide EV Sales
China remains the largest single market for EVs, taking approximately 40 percent of the total market in 2016. Looked at from another lens, that of the EV market share compared to the overall market, Norway is the clear leader. Electric cars took 39 percent of the relatively small car market in that country. Worldwide, electric vehicle made up only 0.2 percent of total passenger light-duty vehicles, according to the report.
The report also noted that EV infrastructure is only slightly ahead of vehicle deployment with 2.3 million electric car charging pointing worldwide. However, when private charging stations are removed, the number of cars outnumbers private charging locations by more than six to one.
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Thank you to the millions that used less oil in 2006. For the first time in 20 years, the International Energy Agency show oil consumption in the 30 member countries of the Organization for Economic Cooperation and Development fell 0.6% in 2006. The drop was slight, but most encouraging to all who seek energy independence, averting a climate crisis, and healing an economy “addicted to oil.”
Yes, global oil demand did grow in 2006, but only by 0.9% in 2006, compared to 3.9% growth in 2004 and 1.5% in 2005. Oil demand may be moderating for a number of reasons including these:
1. When oil prices rose, demand shifted to more energy efficiency.
2. Some vehicles have become more fuel efficient by reducing vehicle weight, air and road resistance, and by using hybrid technology.
3. Less heating oil was needed due to global warming.
4. The Kyoto Protocol is starting to work.
5. Biofuels are increasingly used to substitute for fuels refined from oil.
6. Clean distributed energy and more reliable grids reduced the usage of diesel generators, propane and butane.
7. The ratio of people living in cities increased relative to suburbs. Oil demand per person is less in cities due to effective public transit and closer proximity of home and work. The U.N. forecasts that 80% of people will live in cities by 2050.
8. More people are riding together with car pooling and public transit.
9. Trucks and buses are reducing the wasteful idling that keeps engines running up to 40% more than is necessary. Use of auxiliary power units are increasing.
10. People spend more time working and shopping at home, using broadband Internet services.
Neal Dikeman commented on the OECD drop, “That really is huge news. Supply and demand economics does work after all, despite what some people may think. Historically, new supply discoveries drove price declines (in the 1st half of the century). Since OPEC however, supply shocks and constraints have driven major price increases, and overestimated demand / negative demand shocks have driven declines.” Mr. Dikeman is a merchant banker, originally from Houston, Texas, and now a partner with Jane Capital.
Moderation of oil usage is timely. Next week, the first phase of the Intergovernmental Panel on Climate Change will be released. This will be a major update from the respected 2001 report that involved hundreds of leading scientists globally. “The smoking gun is definitely lying on the table as we speak,” said top U.S. climate scientist Jerry Mahlman, who reviewed all 1,600 pages of the first segment of a giant four-part report. “The evidence … is compelling.” CNN Report
As the oil reduction numbers are analyzed a picture may emerge about how to continue our path to a brighter future. To all of you who conserved – Thank You!