As transportation planners and environmental researchers look at climate policies, a smooth and equitable transition to a low-carbon global economy is an essential component. In the passenger vehicle sector, how will this process be affected by oil demand and EV adoption trends? A new report examines a number of EV penetration forecasts and summarizes the 2019 trends and their changes since 2018. The report focuses on passenger vehicles, which account for about 23 percent of oil demand. While other segments of the transportation sector—trucks, and aviation and shipping—account for about 29 percent of the oil demand, electrifying cars may be easier, according to the author.
The necessary transition away from burning fossil fuels for transportation could be quite resource intensive. So say leading UK scientists in a recent letter in response to a recommended target of net-zero greenhouse gas emissions by 2050. The letter lays out the difficulty of producing enough raw materials, and energy, to fulfill the needs of this transition, using known technologies.
While electric vehicles only make up a small share of the current U.S. vehicle fleet, by 2040 they are expected to comprise approximately 55 percent of all new vehicle sales. Accommodating for growing EV demand, however, will require major changes in how utilities supply electricity. At the moment, the electrical grid is simply not equipped to handle widespread EV adoption. In Oregon, regulators are attempting to address this problem.