Future of Transport Policy Brief

FUTURE OF TRANSPORT | La Jolla Conference 30 th Anniversary Policy Brief

EVs per 100,000 population

0 100 200 300 400 500 600 700 800 900 1,000

Denmark

>10 EVs per connector

Germany

Austria

Belgium

U.K.

Switzerland

U.S.

France

Canada

Portugal

Finland

<10 EVs per connector

Japan

China

Spain

Ireland

Italy

New Zealand

0

20

40

60

80

100

120

140

Public charge connectors per 100,000 population

Source: BNEF, U.S. DOE, China Electric Vehicle Promotion Alliance, various government and private sources

Comfort: Households that own electric vehicles would be able to charge batteries at home, in contrast with making frequent trips to fueling stations. In addition, the network of EV charging stations is growing quickly, allowing owners to charge their vehicles while shopping or dining at restaurants. Efficiency: Proponents of EV’s note that roughly only 30% of crude petroleum products ends up in fuel tanks of vehicles with internal combustion engines. The other 70% ends up being used for extraction, transport, and refinement. As demand for fuels to power IC engines is replaced by demand for renewable energy to power EVs, resources can be reallocated toward more efficient processes. Estimates suggest that by 2050, EVs will account for a displacement of 21 million barrels of oil per day. 1

1 https://about.bnef.com/electric-vehicle-outlook/

FUTURE OF TRANSPORT | INSTITUTE OF THE AMERICAS