EV Sales in 2016 Should Scare the Oil Industry, but 2017 Could Be a Death Blow If Tesla Can Deliver

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• published: 23 Feb 2017
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Get $1K Off a New Tesla http://teslanomics.co/td Overall 2016 was a big growth year with a 42% worldwide increase over 2015. Charging locations worldwide increased and battery prices continue to drop with a nearly 50% decrease over the past 3 years. This doesn't account for Tesla's new Gigafactory and the economies of scale that will help them lower the cost even further. China grew the most with +85% over 2015 as a part of their big EV push to help combat pollution. They are by far the worlds largest EV market with over 350,000 EVs delivered in 2016. This is largely due to their incentive programs and their sheer size. The US EV market grew by 36% which I'm calling strong considering the cost of gasoline has remained low due to domestic oil production along with a worldwide decrease in demand. Public charging in the US grew by 22% mostly from the Chargepoint and Tesla networks. California led the way with nearly 50% of all EV sales in the US. The EU EV market grew by 13% which is down from the previous year likely due to the incentive changes in the Netherlands and Denmark. Honestly, if you live in that region you probably ride a bike everywhere so I'm not sure it matters much. Norway stands out with 19% of all auto sales in 2016 belonging to EVs. This is an interesting time because at this point they might be on the brink of EVs becoming the car of choice for all new buyers. // Sources EV Volumes Global Report http://www.ev-volumes.com/ Forbes http://www.forbes.com/sites/davidkiley5/2017/02/19/teslas-1-threat-trumps-and-ryans-hatred-of-the-ev-tax-credit/#23a14a2f23fe Gigafactory footage https://www.youtube.com/watch?v=dLQ2p0QVhG0 Charging Location Source http://www.afdc.energy.gov/fuels/electricity_locations.html // What is an Electric Vehicle? (wikipedia) An electric vehicle (EV), also referred to as an electric drive vehicle, uses one or more electric motors or traction motors for propulsion. An electric vehicle may be powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels or a generator to convert fuel to electricity.[1] EVs include road and rail vehicles, surface and underwater vessels, electric aircraft and electric spacecraft. EVs first came into existence in the mid-19th century, when electricity was among the preferred methods for motor vehicle propulsion, providing a level of comfort and ease of operation that could not be achieved by the gasoline cars of the time. The internal combustion engine (ICE) has been the dominant propulsion method for motor vehicles for almost 100 years, but electric power has remained commonplace in other vehicle types, such as trains and smaller vehicles of all types. In the 21st century, EVs saw a resurgence due to technological developments and an increased focus on renewable energy. Government incentives to increase adoptions were introduced, including in the United States[2] and the European Union[3]. Prominent brands include the Toyota Prius, the Nissan Leaf, and the Tesla Model S. // History of the EV (wikipedia) Electric motive power started in 1827, when Slovak-Hungarian priest Ányos Jedlik built the first crude but viable electric motor, provided with stator, rotor and commutator, and the year after he used it to power a tiny car.[4] A few years later, in 1835, professor Sibrandus Stratingh of University of Groningen, the Netherlands, built a small scale electric car and a Robert Anderson of Scotland is reported to have made a crude electric carriage sometime between the years of 1832 and 1839. Around the same period, early experimental electrical cars were moving on rails, too. American blacksmith and inventor Thomas Davenport built a toy electric locomotive, powered by a primitive electric motor, in 1835. In 1838, a Scotsman named Robert Davidson built an electric locomotive that attained a speed of four miles per hour (6 km/h). In England a patent was granted in 1840 for the use of rails as conductors of electric current, and similar American patents were issued to Lilley and Colten in 1847.[5] Between 1832 and 1839 (the exact year is uncertain), Robert Anderson of Scotland invented the first crude electric carriage, powered by non-rechargeable primary cells. By the 20th century, electric cars and rail transport were commonplace, with commercial electric automobiles having the majority of the market. Over time their general-purpose commercial use reduced to specialist roles, as platform trucks, forklift trucks, ambulances,[7] tow tractors and urban delivery vehicles, such as the iconic British milk float; for most of the 20th century, the UK was the world's largest user of electric road vehicles.