The new car market could change dramatically after 2020 with sales of electric vehicles set to rocket, according to research by the energy information and analysis service, Bloomberg New Energy Finance (BNEF).
Tesla has fired the starting gun in the race to build the ‘second generation’ of electric vehicles by unveiling its Model 3, a small luxury sedan with a range of around 350km and, at $35,000 US selling price, half the price tag of its earlier models. The Model 3 is expected to go into production late in 2017.
Switzerland has voted in favour of building a second road tunnel through the Gotthard alpine mountain. In a referendum in late February, the Swiss electorate voted by 57% to 43% to approve a second road tunnel, despite it appearing to contradict the Swiss constitution that commits the country to shifting goods transport from road to rail. The vote has been widely seen as part of a political swing to the right, which has been accompanied by a weakening of public willingness to support environmental measures.
CO2 standards for new vehicles have been proven to work and new targets should be introduced for 2025 and 2030, a report for the European Parliament’s transport committee has said. The limited quantities of available biofuels are also highlighted, while the shift to electric vehicles is ‘inevitable’.
Leaked plans by car and truckmakers to cut carbon emissions of their vehicles in Europe – by resurfacing all roads in the EU at a cost of more than €520 billion – have been criticised as an abdication of the sector’s climate responsibility. Industry body ACEA’s ‘Joining forces’ initiative calls for greater efficiencies through major investments such as in lower rolling resistance tarmac, but fails to identify new CO2 standards for vehicles.
New research has suggested that investing in public and low-emission transport could bring massive financial savings in addition to making a sizeable contribution to reducing greenhouse gases.
A win-win situation in which motorists could save up to 23% of the cost of owning an electric car and the carbon impact of e-vehicles could be reduced is possible through smart charging.