In recent years, drivers around the world have been urged to speed up the transition to electric cars, but the transition has generated a lot of doubt and the process is taking place at a slow pace.
One of the main questions is whether we are ready at the energy level to supply ourselves with electricity? Bloomberg did an analysis to answer that question.
According to data, there are currently around 27 million plug-in, hybrid and fully electric cars in the world.
Their annual energy consumption is about 60 tWh, while the global demand for electricity is 28,000 tWh, which is only 0.2 percent.
It makes sense that the number is low because there are large regions of the world without electrification, so they also targeted a country like Norway, where 20 percent of that country’s fleet is already electric. What percentage of energy demand is there? 1.4 percent, which is a higher number, but not very high.
Bloomberg expects fairly rapid evolution of the sector over the next two decades and considers two main possibilities, one in which adoption is more progressive in which by 2040 electrics will account for 75 percent of cars, and another faster in which EVs will almost completely cover the market by the start on the 2030s them.
In the first scenario, there would be 730 million electric cars by 2040, which would mean an increase in energy demand by 7 percent. In the second, the figure would rise to one billion, and the demand up to 9 percent. However, since not all vehicles are cars, adding trucks, buses, motorcycles, etc., the percentages would be (in both cases) between 11 and 15 percent.