The feeling around EVs is electric

Asia's Tech News Daily

If you’re actually one of the few people still wondering ‘Are electric cars the future?’, we’ve got news for you – EVs have already snuck up on us, all ninja-like, with their silent engines and zero-emission tailpipes, to usher in a new age of motoring where “petrol” is just a dirty word (although not as dirty as “diesel”, which is also going the way of the horse-drawn carriage). 

© CarsGuide.com.au The feeling around EVs is electric.

According to ResearchAndMarkets.com’s recent Electric Vehicle Outlook: 2021 and Beyond report, EVs will represent 48 per cent of all new cars sold globally in 2030 – significantly up from the 7 per cent that’s forecast for 2021. That is, even by Elon Musk’s standards, an enormous jump.

To put it into perspective unit-wise, BloombergNEF is predicting global sales of EVs will leap from 3.1 million units in 2020 to 14 million in 2025, accounting for around 16 per cent of all passenger-vehicle sales. 

Read more about electric cars

The rapid acceleration toward an electric cars future is being driven by a number of key factors, chief among them the decision by 14 countries to set a date to phase out the production of internal-combustion-engine vehicles that rely on fossil fuels, including 2030 in the UK (although hybrids will be allowed until 2035), 2030 in Germany and 2025 in Norway, where more than 70 per cent of new car sales in 2020 were electric. 

The phasing out of ICE vehicles has seen major car companies also setting targets to go fully electric, including Jaguar Land Rover (2025), Volvo (2030), Mazda (2030), Ford in Europe (2030), Nissan (early 2030s), GM (2035), Daimler (2039), and Honda (2040). 

Although China has pledged to become carbon neutral by 2060, it hasn’t yet set a date to ban the sale of ICE vehicles (the Chinese government still requires all new passenger vehicles to meet fuel-efficiency standards, however, as well as adhere to a new-energy-vehicle credit system). 

China is currently the biggest market in the world for EVs, with 1.3 million EV sales in 2020, accounting for 41 per cent of global EV sales that year. 

EVs are expected to account for a quarter of all new car sales in China by 2025, while in Germany – a country with a massive automotive industry, and home to iconic brands like Audi, BMW and Mercedes-Benz – EV sales are expected to take up a huge 40 per cent of sales by 2025. 

© CarsGuide.com.au In Australia the data tells us that the uptake of electric cars is primarily hampered by upfront cost.

One of the main reasons for the growing popularity of EVs in China is their affordability: the Hong Guang Mini EV from SAIC-GM-Wuling, which is being marketed as the “People’s Commuting Tool”, is priced at 28,800 yuan, which translates to just over $6000, and the low price has helped it to become the world’s second highest-selling EV behind the Tesla Model 3

Tax breaks and other incentives in countries like the UK and Norway are also helping to push EV sales up, but the lack of similar schemes in Australia is one big reason why EV sales here in 2020 made up a dismal 0.78 per cent of new-car sales. 

While the Federal Government’s efforts have so far been lacking – or non-existent – the states and territories have been picking up the slack with their own incentives. The NSW Government is arguably leading the charge with an Electric Vehicle Strategy offering $500m of investment to encourage EV uptake. 

The NSW Government has also set a goal of 52 per cent of all new-car sales being electric vehicles by 2030-31; Victoria has set a similar goal of 50 per cent by 2030. 

Although car manufacturers are hardly clamouring to release new EV models in Australia, due to the current market stagnation, that doesn’t mean the future of electric cars in Australia is bleak. It’s expected that 58 EV models will be available here by the end of 2022, compared to the 31 available in 2021. 

Although it’s difficult to predict when will electric cars will take over completely, it’s safe to say that in the not-too-distant future, electric cars will undoubtedly be ruling the roads on a global scale. 

Notable upcoming EVs:

H2X Warrego

© CarsGuide.com.au

Price: From $189,900, plus on-road costs

Release date: April 2022

This hydrogen-powered ute from Australian brand H2X Global, although expensive, could be a game-changer, and comes with a 200kW e-motor, 66kW fuel cell, 60kW supercapacitor/battery pack, and a 6.2kg hydrogen tank. Claimed range is 500km, and top speed is 110km/h.

Tesla Roadster

© CarsGuide.com.au

Price: TBC

Release date: 2023

This highly anticipated performance car from Tesla has been a long time coming, but when it does (hopefully) arrive in 2023, it’ll come with a staggering 10,000Nm of wheel torque, and the ability to rocket from zero to 100km/h in a wild 2.1 seconds. 

Porsche EV Hypercar

© CarsGuide.com.au Porsche 918 Spyder in the Northern Territory

Price: TBC

Release date: 2025

Set to be a successor to the hybrid-powered 918 Spyder, Carrera GT and 959, the details of this limited-edition Porsche hypercar are being kept heavily under wraps, but considering these things come out about once a decade, expect it to turn heads upon arrival.

Rolls-Royce Spectre EV

© CarsGuide.com.au

Price: TBC

Release date: 2023

Famed luxury brand Rolls-Royce has pledged to go fully electric by 2030, but we can expect to see its first EV model, the Spectre (hello, James Bond), come off the assembly line in 2023. 

Land Rover EV

© CarsGuide.com.au

Price: TBC

Release date: 2024

Yes, the brand that’s built its reputation on beefy petrol- and diesel-powered four-wheel-drives has joined the EV revolution, pledging to have an electric version of all of its SUVs by 2030, with the first arriving in 2024. 

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