As a means of green transportation, electric vehicles are becoming increasingly competitive. If they are charged using renewable energy, they can serve to mitigate climate change and reduce environmentally harmful emissions. The most important challenges involve reducing the cost of battery packs, improving energy density and expanding charging infrastructure. As battery costs continue to fall, electric vehicles will become more and more economical, making environmentally friendly mobility affordable for an increasing number of users. According to IRENA, the number of electric vehicles around the globe exceeded two million in 2016. This rapid rise was driven by China, the United States, Japan and several European countries. In its Roadmap for a Renewable Energy Future 2016, IRENA predicts that the total number of electric vehicles will reach 50 million by 2030. If this comes to pass, batteries with a total capacity of 8,000 GWh could be in use in light commercial vehicles alone by 2030. According to a report by Grand View Research Inc., the global market for electric charging infrastructure is expected to reach 45.59 billion US dollars by 2025. With the potential for electric vehicle components, charging infrastructure and services continuing its swift growth, Power2Drive Europe offers an ideal point of entry to this exciting market.
Download Graphic: E-Vehicles (global inventory)