Title: These 3 things are crucial to the future of electric cars | World Economic Forum
Headings: These 3 elements are crucial to the future of electric cars
These 3 elements are crucial to the future of electric cars
The Fourth Industrial Revolution in energy and mobility systems
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A new approach to electrification of transport is required
The convergence of energy and mobility
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Content: The question is whether policymakers and business leaders can harness and combine them in ways that maximize their benefits for cost efficiency, economic growth and environment footprint. The Fourth Industrial Revolution offers an unprecedented opportunity. The Fourth Industrial Revolution in energy and mobility systems
Mobility is changing. As electric vehicles (EV) become more affordable, some are predicting that they will constitute almost a third of new-car sales by the end of the next decade. Ride-sharing continues to surge, with estimates that, by 2030, it will account for more than 25% of all miles driven globally, up from 4% today. These changes are just the first hints of what is to come, as we will soon see autonomous vehicles (AV) and commercial fleets of EVs integrated as parts of everyday life. In the future, AVs will also cost significantly less per mile than vehicles with internal combustion engines for personal use – by as much as 40% – and could also reduce congestion and traffic incidents. At the same time, energy is changing. We are in the middle of a global evolution of energy systems, which are becoming cleaner and increasingly decentralized, with energy generated, stored and distributed closer to the final customers, through the acceleration of renewables and storage technologies. At the same time, digitalization allows customers and electricity system operators to control where, when and how electricity is being used, with new business models emerging.