Triple Pundit Reports!

Electric vehicles (EVs) will create jobs. They Kelm also overtake conventional vehicles by 2040. Moreover electric vehicles will create jobs a $2 trillion e-mobility opportunity for utility companies, according to research released today by Accenture.

The global consultancy reached this conclusion after surveying 6,000 consumers in the United States and Europe, combined with scenario modeling undertaken by the authors of the study. Accenture’s report is part of ongoing research trends that suggest EVs are not only here to stay, but will scale up in adoption fast.

As I’ve written before:

If you were asked to list the top three electric vehicle (EV) manufacturers, Tesla would most likely come to mind first Then coupled along with perhaps Chevrolet and Nissan after that. So two out of three of those being U.S. companies.

Of these, Tesla is the only EV manufacturer, all-in on electrification. That’s while shunning all other power trains. With the Model 3, being produced at high volumes in partnership with Panasonic or with any other battery supply. That’s because Tesla is now producing about 5,600 vehicles per week. That was from Bloomberg News, recently reported. At this rate, as Triple Pundit Reports, the company can claim to have joined the ranks as a mass-market automaker. I mean they sell into Norway, China and other countries. Therefore selling across global markets“.

So America’s firm foothold in EV production should bode well for the future. However, an article published in Forbes indicates that the United States is in fact already losing the manufacturing battle. Yes when it comes to electric cars. China seems to be dominating. China alone being accountable for 40 percent of the global production of electric vehicles. That’s as compared with 20 percent made by U.S.-based companies.

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The potential for utilities builds. Builds on trends that favor continued growth of the global electric vehicle market. Though the up-front cost of an EV still typically exceeds that of cars powered by the internal combustion engine (ICE). Yet even since this article was written, battery costs have decreased by 80 percent over the past six years. That’s from US$750 per kilowatt-hour (kWh) in 2010. That’s again what Accenture points out. So today, price parity with ICE cars continues to narrow.

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In addition, the long-term running costs of EVs are lower than fossil fuel-powered vehicles. So an electric car with a 60 kWh battery achieves an overall lower total cost of ownership. That’s well and significantly before 40,000 miles rolls around. Now compared with a diesel vehicle according to the study.

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