Title: What cars will we be driving in 2050? - Fuel Freedom Foundation
Headings: What cars will we be driving in 2050?
What cars will we be driving in 2050?
Vehicles on the Road Worldwide

Content: Q: All three of the listed EV growth rate models (IEA, Bloomberg, Goldman Sachs) show sales going up quickly, then decreasing. Why would that be? A: In early years of the adoption of any disruptive technology, growth rates are likely to be high. For example, in 2010, the first year mainstream EVs went on sale, 7,000 were sold. Then in 2011, 45,000 were sold. That’s a growth rate of 543%, even though 38,000 EVs is only a drop in the bucket of a larger car market that sells tens of millions of vehicles each year. As more vehicles come online each year, achieving huge growth rate increases becomes more difficult. What’s more, as more EVs are sold and the technology becomes more diffused into the mainstream, there will be fewer new customers, meaning less demand.