Published

Report: Car-Sharing Will Drive Up EV Mileage

Electric vehicles will account for more than 20% of vehicle miles driven worldwide by 2030 compared with less than 1% today, predicts a report by London-based ABI Research.
#hybrid

Share

Electric vehicles will account for more than 20% of vehicle miles driven worldwide by 2030 compared with less than 1% today, predicts a report by London-based ABI Research.

The study, Smart Cities and Transportation Electrification, says the jump will be fueled by a steady increase in EV sales, which currently represent less than 2% of the market. EVs are expected to be especially popular in car-sharing fleets, which ABI notes tend to have higher utilization rates that result in more miles.

The report notes that new legislation will contribute to the trend. A proposed bill in California, for example, would mandate that EVs account for 20% of a ride-hailing service’s mileage by 2023 and 50% by 2026. Uber and Lyft recently have begun pilot programs that offer financial incentives to drivers for using electrified vehicles.

ABI also points to a growing number of cities that have passed laws in recent months that will restrict or ban piston-powered vehicles in the future. Next-generation autonomous vehicles also are expected to mainly use electric powertrains.

The report also predicts a shift toward electric-powered scooters, bicycles, motorcycles, shuttles, boats and aircraft. This will require a significant increase in the number of public charging stations and eventually a “fundamental redesign” of electric grids and a more “holistic, cross-vertical” approach to energy management, the report says.

RELATED CONTENT

  • Hyundai Shops for a Partner to Make Electric Scooters

    Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.

  • What the VW ID. BUGGY Indicates

    Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.

  • Honda to Make Hybrids in Thailand

    Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.

Gardner Business Media - Strategic Business Solutions