Thread by @bopinion

2018 saw electric vehicles get cheaper, better, prettier.

Going into 2019, it’s worth considering how they might get more popular, too bloom.bg/2CA2pMu

🚗 By 2024, electric vehicles will cost the same upfront as an internal combustion engine vehicle.

🚗 By 2040, 55% of all new car sales, and a third of the total 1.6 billion cars worldwide, will be electric bloom.bg/2EOLlUm

In the same way that automobiles were a civilization-defining transformation, electrifying cars, trucks and aircraft will upend the business models of oil majors and maybe even the geopolitics of entire regions bloom.bg/2CB0yqJ

🛢In fact, electric vehicles have already started to displace oil demand.🔋

Electric buses and cars will displace 279,000 barrels of oil a day by the end of the year: That’s the daily oil consumption of Greece bloom.bg/2EQYP27

🇩🇪 In Germany, demand for diesel feel 9% in the first half of 2018.

🇮🇹 In Italy, demand for gasoline has fallen by nearly half since 2005 bloom.bg/2CBZSkM

The more electric cars on the market, the more oil will be displaced. But what does electric vehicle growth look like?

The electric car market is now more than 6% of new car sales in California. It’s not huge, but it could be about to get a lot bigger bloom.bg/2CCXkDf

It took Norway about a decade to reach 6% electric vehicle sales, but only five years to go from 6% to 47%.

Once an inflection point occurs, markets change very quickly bloom.bg/2CCXkDf

Cars are devices of culture and behavior, both of which can change faster than you think. The Tesla Model 3, for example, was more popular this year than the combined entry-level luxury offerings of:

- Audi
- BMW
- Mercedes-Benz bloom.bg/2CAF8dp

Let’s not forget China. From January, all major domestic & foreign manufacturers must meet minimum requirements for electric, hybrid & fuel-cell vehicles.

As the world’s biggest auto market, nudging demand slightly higher will have significant impacts bloom.bg/2CAKcy9