The number of electric cars is growing rapidly worldwide. According to the International Energy Agency’s (IEA) 2017 Global Electric Vehicle report, two million cars manufactured and over 750,000 sold, since 2016.
Looking at current statistics, the market for electric cars is expected to witness huge growth in the coming years. The report states electric cars sales will increase by a minimum of 20% and will range from nine million to 20 million by 2020 and would double the expected figures, by the end of 2025. Additionally, government regulations to ban the sale of petrol and diesel cars would lead the demand for electric cars. The move will also encourage customers and motorists to go green.
However, electric vehicles run on electricity. Thus, it is not emissions-free. These electric vehicles typically require a mix of emissions-intensive such as fossil fuels, nuclear energy, and power from renewables. Apart from this, renewable sources of energy include geothermal, solar, wind, biomass, and waste. If that is the case, Norway is the best country, which generates virtually all of its electricity from hydropower.
While China is the largest market for electric cars, the country accounts for 40% of all sales globally and is the largest consumer of emissions-intensive electric cars, as per a report by Bloomberg New Energy Finance (BNEF). The majority of China’s electricity comes from coal.
Curbing ways to intensify renewable production
The major source of electricity in China is coal. Globally, China is one of the nations working intensely to curb the production of fossil fuel-powered vehicles, from a global share of nearly 13% in the 1970s to around 44.5% in 2016.
Adhering to this, China produced approximately 3,242 million metric tonnes (MT) of coal in 2016, surpassing the world’s second-biggest producing nation, India, which accounted for approximately 9.7%, or 708 million metric tonnes of the world’s total in 2016.
Electric vehicles in China produce 188.5 grams of carbon dioxide (CO2) emissions per mile, higher than any country, worldwide. While U.K. produces nearly 76 grams of CO2, and France just 2.7 grams are produced per mile.
Bloomberg New Energy Finance (BNEF) report read, driving an electric car is still far more environmentally friendly than driving a gasoline-burning vehicle. A gasoline-burning vehicle produces about 250 grams of CO2 per mile.
The report also stated that electric vehicles far cleaner as compared to the petrol/diesel cars. The figures are expected to reach 67% by 2040, as renewables such as wind and solar accounts for a larger share of the global energy mix.
The era of renewable revolution
China is intensifying its production process for renewable energy resources. The country announced last year that it would invest $360 billion in renewable energy by 2020 and wish to build more than 100 coal-fired plants.
On the other hand, China is expected to account for more than 40% of the total global clean energy mix by 2022. The growth in China is due to the country’s plan of meeting various capacity targets and finding ways to curb the country’s air pollution. Apart from this, China has already surpassed its 2020 solar panel target.