Connect with us

Automotive

Visualizing EV Sales Around the World

Published

on

electric vehicle sales

It took five years to sell the first million electric cars. In 2018, it took only six months.

The Tesla Model 3 also passed a significant milestone in 2018, becoming the first electric vehicle (EV) to crack the 100,000 sales mark in a single year. The Nissan LEAF and BAIC EC-Series are both likely to surpass the 100,000 this year as well.

Although the electric vehicle market didn’t grow as fast as some experts initially projected, it appears that EV sales are finally hitting their stride around the world. Below are the countries where electric vehicles are a biggest part of the sales mix.

Electric vehicle sales

The EV Capital of the World

Norway, after amassing a fortune through oil and gas extraction, made the conscious decision to create incentives for its citizens to purchase electric vehicles. As a result, the country is the undisputed leader in EV adoption.

In 2018, a one-third of all passenger vehicles were fully electric, and that percentage is only expected to increase in the near future. The Norwegian government has even set the ambitious target of requiring all new cars to be zero-emission by 2025.

That enthusiasm for EVs is spilling over to other countries in the region, which are also seeing a high percentage of EV sales. However, the five countries in which EVs are the most popular – Norway, Iceland, Sweden, Netherlands, and Finland – only account for 0.5% of the world’s population. For EV adoption to make any real impact on global emissions, drivers in high-growth/high–population countries will need to opt for electric powered vehicles. (Of course power grids will need to get greener as well, but that’s another topic.)

China’s Supercharged Impact

One large economy that is embracing plug-in vehicles is China.

The country leads the world in electric vehicle sales, with over a million new vehicles hitting the roads in 2018. Last year, more EVs were sold in Shenzhen and Shanghai than any country in the world, with the exception of the United States.

China also leads the world in another important metric – charging stations. Not only does China have the highest volume of chargers, many of them allow drivers to charge up faster.

Electric vehicle charging stations

Accelerating from the Slow Lane

In the United States, electric vehicle sales are rising, but they still tend to be highly concentrated in specific areas. In around half of states, EVs account for fewer than 1% of vehicle sales. On the other hand, California is approaching the 10% mark, a significant milestone for the most populous state.

Nationally, EV sales increased throughout 2018, with December registering nearly double the sales volume of the same month in 2017. Part of this surge in sales is driven by the Tesla’s Model 3, which led the market in the last quarter of 2018.

U.S. Electric vehicle sales

North of the border, in Canada, the situation is similar. EV sales are increasing, but not fast enough to meet targets set by the government. Canada aimed to have half a million EVs on the road by 2018, but missed that target by around 400,000 vehicles.

The big question now is whether the recent surge in sales is a temporary trend driven by government subsidies and showmanship of Elon Musk, or whether EVs are now becoming a mainstream option for drivers around the world.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Comments

Automotive

The Evolution of Hydrogen: From the Big Bang to Fuel Cells

Hydrogen and fuel cell technology harnesses the power of the universe to bring clean energy on Earth. Here is its potential.

Published

on

It all started with a bang…the big bang!

The explosive power of hydrogen fueled a chain reaction that led to the world we have today.

Now this power is being deployed on Earth to supply the energy needs of tomorrow.

Visualizing the Power of Hydrogen

Today’s infographic comes to us from the Canadian Hydrogen and Fuel Cell Association, and it outlines how hydrogen and fuel cell technology is harnessing the power of the universe to potentially fuel an energy revolution.

The Evolution of Hydrogen: From the Big Bang to Fuel Cells

What is Hydrogen, and How’s it Used?

With one proton and one electron, hydrogen sits at the very beginning of the periodic table.

Despite hydrogen being the most common molecule in the universe, it is rarely found in its elemental state here on Earth. In fact, almost all hydrogen on the planet is bonded to other elements and can only be released via chemical processes such as steam reforming or electrolysis.

There are five ways hydrogen is being used today:

  1. Building heat and power
  2. Energy storage and power generation
  3. Transportation
  4. Industry energy
  5. Industry feedstock

However, what really unleashes the power of hydrogen is fuel cell technology. A fuel cell converts the chemical power of hydrogen into electrical power.

Hydrogen Unleashed: The Fuel Cell

In the early 1960’s, NASA first deployed fuel cells to power the electrical components of the Gemini and Apollo space capsules. Since then, this technology has been deployed in everything from the vehicle you drive, the train you take, and how your favorite products are delivered to your doorstep.

Nations around the world are committing to build hydrogen fueling stations to meet the growth in adoption of fuel cell technology for transportation.

Hydrogen: A Green Energy Solution

Hydrogen fuel and fuel cell technology delivers green solutions in seven ways.

  1. Decarbonizing industrial energy use
  2. Acting as a buffer to increase energy system resilience
  3. Enabling large-scale renewable energy integration and power generation
  4. Decarbonizing transportation
  5. Decarbonizing building heat and power
  6. Distribution energy across sectors and regions
  7. Providing clean feedstock for industry

According to a recent report by McKinsey, hydrogen and fuel cell technology has the potential to remove six gigatons of carbon dioxide emissions and employ more than 30 million people by 2050, all while creating a $2.5-trillion market.

This is technology that can be deployed today, with the potential to transform how we live and power our economies in a sustainable way.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading

Automotive

How Much Copper is in an Electric Vehicle?

Have you ever wondered how much copper is in an electric vehicle? This infographic shows the metal’s properties as well as the quantity of copper used.

Published

on

How Much Copper is in an Electric Vehicle?

Copper’s special relationship with electricity has been apparent since ship designers first regularly began installing copper to protect the masts of wooden ships from lightning in the early 19th century.

Today, of course, you might be more used to seeing copper’s electrical applications through the use of power lines, telephone wires, and wiring in practically every major home appliance you own.

Millions of tons get used for these applications every year, but it is still early days for copper’s use in electrification. That’s because copper will continue to be a critical component of the green energy revolution, thanks to the rising adoption of battery-powered vehicles.

Why Copper?

Today’s visualization comes to us from Canadian Platinum Corp., and it focuses on showing how much copper is in an electric vehicle, along with the properties that make it the ideal choice for an EV-powered future.

Here is why copper is a crucial component to vehicle manufacturers:

Cost
Copper costs roughly $0.20 per ounce, compared to silver ($15/oz) and gold ($1200/oz), making it by far the cheapest option for electrical wire.

Conductivity:
Copper is nearly as conductive as silver – the most conductive metal – but comes at a fraction of the cost.

Ductility:
Copper can easily be shaped into wire, which is important for most electrical applications.

It’s also important to note that temperature does not affect copper’s conductivity, which makes the metal ideal for automobiles in all climates.

Copper in Gas vs. Electric Vehicles

The UBS Evidence Lab tore apart a traditional gas-powered vehicle as well as an EV to compare the different quantities of raw materials used.

What they found was crucial: there is 80% more copper in a Chevrolet Bolt, in comparison to a similar-sized Volkswagen Golf.

The major reason for this is that at the heart of every EV is an electric motor, which is built with copper, steel, and permanent magnets (rare earths). Electric motors tend to be much simpler than gas-powered engines, which have hundreds of moving parts.

Incredibly, in an electric motor, there can be more than a mile of copper wiring inside the stator.

The More Electric, the More Copper

According to Copper.org, along the scale from gas-powered cars to fully electrical vehicles, copper use increases dramatically.

Conventional gas-powered cars contain 18 to 49 lbs. of copper while a battery-powered EV contains 183 lbs. Meanwhile, for a fully electrical bus, a whopping 814 lbs. of copper is needed.

With the rapidly increasing adoption of electric vehicles, copper will be an essential material for the coming electrification of all forms of ground transport.

Copper is at the heart of the electric vehicle and the world will need more. By 2027, copper demand stemming from EVs is expected to increase by 1.7 million tonnes, which is a number just shy of China’s entire copper production in 2017.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Sprott Physical Gold and Silver Trust Company Spotlight

Subscribe

Join the 100,000+ subscribers who receive our daily email

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Popular