Analysts at Deloitte expect electric vehicle sales to be between 1.9% and 5.6% of the total market by 2020.
That sounds small, but consider the entire luxury car market is only 4.9% — and that’s a category people are used to buying.
And then there are the carbon savings from EVs. For every 10,000 drivers that switch to EVs, it will reduce carbon emissions by 33,000 metric tons annually. That’s the equivalent of 6,500 gas-powered cars driving around all year long.
Even with Deloitte’s most conservative adoption projections, the environmental impact is staggering. The consulting firm expects that with lithium-ion battery costs per kWh halving between 2009 and 2013, that adoption will climb in kind.
That means a reduction of between 940,500 metric tons of carbon a year (conservative projection) and 2.7 million tons of carbon per year (aggressive projection).
What do these numbers mean in context?
Well, a ton is a ton whether it’s of carbon, or it’s an elephant (and an elephant is roughly 4 metric tons.) So if you were to add up the total weight of all African elephants in the world (roughly 550,000 according to the IUCN), their weight would be 2.2 million metric tons.
Now consider again what it would mean to prevent the emission of 2.7 million metric tons of carbon every year, simply by 5.6 percent of drivers switching to EVs.
* Read “Chevy Volt, Nissan Leaf among Green Car finalists” from Reuters
* Read the full Deloitte study, “Gaining Traction: A Customer View of Electric Vehicle Mass Adoption in the U.S.”
Learn more in these GE Reports stories:
* “How Far Will Your EV Go? It Depends How Fast You Charge It”
* “The Real State of Electric Vehicles in a Billion-Car World”
* “GE unveils residential WattStation EV charger”
* “GE & Better Place to partner on EV infrastructure”
* “Unveiled: $200M challenge, EV charger, smart monitor”
* “GE teams with Nissan on electric car smart charging”