According to evadoption.com, EV sales are expected to grow from 3.4% of all new auto sales in 2021 to 29.5% in 2030. In fact, they cite several models that forecast explosive growth in EV ownership across the US over the next decade. See the full sales forecasts here complete with bar charts and supporting data: https://evadoption.com/ev-sales/ev-sales-forecasts/. While skeptics might pooh-pooh these projections as overly optimistic, we believe they may actually fall short of the eventual reality. Of course, only time will tell, but below are our top 10 reasons why we believe EVs will be as commonplace as microwaves come 2030.
1) Government Legislation
Progressive administrations like Biden’s in DC and Newsom’s in California are championing laws that promote EV ownership through HOV lanes, favorable tax rebates and increased spending on infrastructure while penalizing carbon-emitters with higher gas taxes and a phasing out of ICE vehicle sales.
2) Environmental Concerns
With the help of social networks and the news media, the idea of sustainable living has gained major traction in the last several years as more and more vehicle owners express concerns about air pollution, climate change, and depleting Earth’s natural resources.
3) Greater Model Selection
The last several years have seen a huge influx of new EV models into the market as nearly every major manufacturer in the world has embraced electric mobility, leading to not only a greater selection of EVs, but in some cases, automakers proclaiming the cessation of ICE production altogether.
4) EV Price Reductions
Greater selection and decreasing battery costs have led to the inevitable drop in EV prices, with the average 350-mile-range EV going from a $50,000 MSRP in 2019 to $39,000 in 2021, according to ARK Invest; furthermore, it’s expected to drop to just $26,000 by 2023.
5) Expanded Infrastructure
EVCS has been “leading the charge” up and down the West Coast to install hundreds of new DCFCs in areas frequented by travelers, consumers, workers, patients, students – everyone! – all powered by carbon-neutral energy sources, while our competitors strive to keep up in other parts of the country.
6) Increased Driving Range
In a study by Volvo, 58% of surveyed drivers cited “range anxiety” as a barrier to EV market entry, but with technology improving the distances EVs can travel on a single charge, many people are coming to realize that electric mobility is achievable and even preferable for their lifestyle.
7) Reduced Fueling Costs
As gasoline prices continue to rise (by almost one dollar on average between July 2020 and July 2021, according to AAA), consumers are finding that the cheap cost of electricity more than offsets any additional cost of EVs over comparable ICE vehicles.
8) Faster Charging Speeds
An EVCS fast charger can power up a standard battery from zero to 80% in about one hour, making a trip to the grocery store, coffee shop or movie theater a multi-purpose experience and offering an on-the-go generation greater flexibility than previously possible with only level 2 home chargers.
9) EV Performance
Innovators like Tesla, Nissan, and GM are competing for the attention of tech and auto enthusiasts alike, meaning EVs with faster 0-60 speeds, higher top speeds, and options like mobile charging, autonomous driving, and regenerative braking will literally drive a new generation of buyers.
Responsible mobility has gained traction all across the globe – from Norway to China to California and beyond – and as people see more EVs on the road and more ubiquitous infrastructure like the chargers we install every day, they will become more ready to accept the truth: that the future is electric.Tags: Driving range, EV adoption, EV batteries, EV chargers, EV charging, EV infrastructure, ev performance, Tesla