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SolAbility
@solability.com
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What is not sustainable is not competitive. What is not competitive is not sustainable. Proud publisher of the Global Sustainable Competitiveness Index ESG on the country level https://solability.com/ ESG and sustainability research & advice
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There were people who wanted to ban gasoline cars to protect the horse business in the 1920s. They might be successful in delaying the transition for a wee bit - but even if they would in the US, the rest of the World is moving ahead.
In addition, most car manufacturers will likely fade out or end production of gasoline cars when the see no more market potential, so the transition between 2030 and 2035 could be fairly abrupt
Also, the development in the bigger markets are likely to to accelerate the transition in countries that are currently further back (which is not included in the mathematical models)
Thank you for your interest. This forecast is based on mathematical models that assume some kind of linearity;. In practice, once a threshold of 80-85% is reached, the market for the the "old" product simply disappears, and goes to 100% very quickly (as opposed to 96 in one year, the 97, ...).
There is no power against a cheaper and better product. Even if it were possible in the US, the rest of the World is still going to transition to electric cars
We can expect electric car market share to be 80% (most likely more) by 2030.

Based on conservative calculations, using market development data, technology penetration curves, and a range of both conventional and AI forecasting tools to forecast future car market developments.

#econsky
80% market share for electric cars in 2030?

Using weighted averages of multiple forecasting models, integrating cost developments and technology adaption, suggest and EV adaption rate between 60-90% in 2030.

#EVs #Transition
In the absence of real energy policies, the markets are the strongest drivers of the energy transition.

Early adapters- e.g. Uruguay, Denmark, China - gain competitive advantage from lower energy cost, energy independence and freedom from oil price volatility.

#sustainability #econsky
Renewable electricity from wind and solar - including storage (batteries) - is now the cheapest form of energy available to humanity.
Cheaper than oil, gas and coal.

#renewables #solar #wind #energytransition #oilprice

Full report by Lazard avialble here: www.lazard.com/research-ins...
2024 22%
2025 estimate at least 26%

Batteries are getting better and cheaper by the day, and with that EVs. Technologically and cost-wise this is like horse against car in the 1920s
Electric vehicles are technological superiority. have much higher efficiency, are much easier to assemble and maintain, and much lower operating cost.

Gasoline cars will be a thing of the past, soon
Share of electric vehicle sales will be near 100% in 2030

Adaption of new technologies have often been underestimated (@iea.org estimates 40% market share by 2030). However, simply extrapolating historic trends gets us to 100% between 2030-2035.

#econsky #energysky #EV
Sustainability is not a revolution, it is a natural evolution. Sustainable management means incorporating wider issues and a longer time-horizion as basis for investment and decision making.

#ESG #Sustainability
Solar, wind and batteries are getting cheaper by the way.

How are the Gulf countries going to deal with the coming decline of the oil income?

solability.com/global-susta...