Electric Vehicles
Transport
Electric vehicles are the cars of the future. If powered by solar energy, their carbon dioxide emissions drop by 95 percent compared to gasoline-powered vehicles.
Rank and results by 2050 #26
Electric Vehicles
| Reduced CO2: | 11 gigatons |
|---|---|
| Net cost (Billions US$): | $14,148.00 |
| Net operational savings: | $9,726.40 billion |
TOTAL CO2-EQ REDUCTION (GT)
Total CO2-equivalent reduction in atmospheric greenhouse gases by 2050 (gigatons)
NET COST (billions US $)
Net cost to implement
SAVINGS (billions US $)
Net savings by 2050
Impact:
In 2014, 305,000 EVs were sold. If EV ownership rises to 16 percent of total passenger miles by 2050, 10.8 gigatons of carbon dioxide from fuel combustion could be avoided. Our analysis accounts for emissions from electricity generation and higher emissions of producing EVs compared to internal-combustion cars. We include slightly declining EV prices, expected due to declining battery costs.
Electric Vehicles
Transport
Electric vehicles are the cars of the future. If powered by solar energy, their carbon dioxide emissions drop by 95 percent compared to gasoline-powered vehicles.
Since the first electric vehicle (EV) prototype was built in 1828, the central challenge has been making good on a lightweight, durable battery with adequate range. In its absence, internal combustion engines have dominated the automotive landscape since the 1920s, and the atmosphere has paid the price.
Luckily, there are now more than 1 million EVs on the road, and the difference in impact is remarkable. Compared to gasoline-powered vehicles, emissions drop by 50 percent if an EV’s power comes off the conventional grid. If powered by solar energy, carbon dioxide emissions fall by 95 percent. The “fuel” for electric cars is cheaper too. EVs will disrupt auto and oil business models because they are simpler to make, have fewer moving parts, and require little maintenance and no fossil fuels.
What is the catch? With EVs, it is “range anxiety”—how far the car can go on a single charge. Typical today is a range of 80 to 90 miles, long enough for most daily travel. Carmakers are closing in on ranges of 200 miles, while keeping batteries affordable.
The rate of innovation in EVs guarantees they are the cars of the future. The question is how soon the future will arrive.