Analysis Towards Cross-Modal Global Electrification of Vehicles
Standing
Undergraduate
Type of Proposal
Visual Presentation (Poster, Installation, Demonstration)
Faculty
Faculty of Engineering
Faculty Sponsor
Centre for Hybrid Automotive Research and Green Energy (CHARGE) Labs
Proposal
Although internal combustion vehicles currently dominate the market, the volume of sales of electric vehicles and stock is experiencing significant growth. With increasing deployment of electric vehicles comes the need for policy and infrastructure changes, and the outlook of electric vehicle uptake, development and chargers is becoming increasingly relevant. According to the International Energy Agency of France, the total units of electric cars will reach 125 million by 2030. According to the EV30@30 campaign, electric vehicles will reach 30% of the market sales share by 2030. This report aims to analyze the global electric vehicle market growth, the present state of EV chargers, policy, technology and infrastructure developments, and the outlook of electric vehicles, including vehicle deployment, cost estimates, charging infrastructure and network, and policy insights. The global market and predictions were analyzed using data collected in various reports, surveys, government documents, and news articles. The electric vehicle market was analyzed based on country submissions, complemented ACEA (2018), EAFO (2018a). According to Bloomberg New Energy Finance, global sales of electric cars crossed 1.1 million units in 2017, registering a year-on-year increase of 54% compared with 38% in 2016. According to The Clean Energy Ministerial, as costs are reduced and electric vehicle technology increases, there will be around 455 million of electric vehicles by 2030 as lower costs strengthen their competitiveness with internal combustion engine vehicles. These findings were collected in order to further electric vehicle research. Research on this topic allows for an overview of the status and predictions of electric vehicle technology, market presence and policy and highlights the correlation between increasing market shares and total ownership costs of electric vehicles. With the increase in electric vehicle units and the changing trends in the research for developing electric powertrains, better insights are anticipated.
Location
University of Windsor
Grand Challenges
Sustainable Industry
Analysis Towards Cross-Modal Global Electrification of Vehicles
University of Windsor
Although internal combustion vehicles currently dominate the market, the volume of sales of electric vehicles and stock is experiencing significant growth. With increasing deployment of electric vehicles comes the need for policy and infrastructure changes, and the outlook of electric vehicle uptake, development and chargers is becoming increasingly relevant. According to the International Energy Agency of France, the total units of electric cars will reach 125 million by 2030. According to the EV30@30 campaign, electric vehicles will reach 30% of the market sales share by 2030. This report aims to analyze the global electric vehicle market growth, the present state of EV chargers, policy, technology and infrastructure developments, and the outlook of electric vehicles, including vehicle deployment, cost estimates, charging infrastructure and network, and policy insights. The global market and predictions were analyzed using data collected in various reports, surveys, government documents, and news articles. The electric vehicle market was analyzed based on country submissions, complemented ACEA (2018), EAFO (2018a). According to Bloomberg New Energy Finance, global sales of electric cars crossed 1.1 million units in 2017, registering a year-on-year increase of 54% compared with 38% in 2016. According to The Clean Energy Ministerial, as costs are reduced and electric vehicle technology increases, there will be around 455 million of electric vehicles by 2030 as lower costs strengthen their competitiveness with internal combustion engine vehicles. These findings were collected in order to further electric vehicle research. Research on this topic allows for an overview of the status and predictions of electric vehicle technology, market presence and policy and highlights the correlation between increasing market shares and total ownership costs of electric vehicles. With the increase in electric vehicle units and the changing trends in the research for developing electric powertrains, better insights are anticipated.