With the tightening of emission regulations in various countries and the continuous growth of consumer demand, the development of EEC electric vehicles is accelerating. Ernst & Young, one of the world’s four largest accounting firms, issued a forecast on the 22nd that EEC electric vehicles will become the global auto hegemony ahead of schedule It will arrive in 2033, 5 years earlier than previously expected.
Ernst & Young reports that the sales of electric vehicles in major global markets, Europe, China and the United States, will surpass that of ordinary gasoline vehicles in the next 12 years. The AI model predicts that by 2045, global sales of non-EEC electric cars will be less than 1%.
The government’s strict requirements for carbon emissions are driving market demand in Europe and China. Ernst & Young believes that electrification in the European market is in a leading position. The sales of zero-carbon emission vehicles will dominate the market in 2028, and the Chinese market will reach a critical point in 2033. The United States will be realized around 2036.
The reason why the United States lags behind other major markets is the relaxation of fuel economy regulations by former US President Trump. However, Biden has tried his best to catch up with the progress since he took office. In addition to returning to the Paris climate agreement, he also proposed to spend 174 billion US dollars to accelerate the transformation of electric vehicles. Ernst & Young believes that Biden’s policy direction is conducive to the development of electric vehicles in the United States and will have an acceleration effect.
As the demand for electric vehicles grows, it also encourages automakers to take a share of the pie, actively launch new models of electric vehicles, and expand related investments. According to research and research agency Alix Partners, the current global automakers’ investment in electric vehicles has exceeded 230 billion U.S. dollars.
In addition, Ernst & Young found that the consumer generation in their 20s and 30s helps to promote the development of electric vehicles. These consumers are accepting electric vehicles and are more willing to buy them. 30% of them want to drive electric vehicles.
According to Ernst & Young, in 2025, gasoline and diesel vehicles will still account for about 60% of the global total, but this has dropped by 12% from 5 years ago. It is expected that in 2030, the proportion of non-electric vehicles will fall to less than 50%.
Post time: Jul-30-2021