Global Electric Vehicle Stock Reaches 7.2 Million

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The International Energy Agency (IEA) has just released its latest Global EV Outlook 2020 report, and pegs the global electric vehicle (BEV + PHEV) stock at 7.2 million. That is a significant accomplishment from the estimated 17,000 electric cars that were roaming the world’s roads in 2010.

But to put those 7.2 million EVs in perspective, with an estimated 1.5 billion vehicles on the planet today, that would equal an EV share of only 0.48%. If you just do simple math and use 80 million annual new vehicles purchased, this would mean that if every vehicle purchased today replaced the same number of EVs each year, it would take 19 years to replace all of the ICE vehicles on the planet.

Of course we are decades from reaching 100% annual EV sales share, which would put near 100% of all vehicles being electric (or FCEVs) out well past 2050 (unless cash for clunkers type programs come into effect).


PHEVs with 16 kWh or larger battery qualify for $7,500 tax credit

Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV Tax Credit

There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1. 


DCFC Locations, Ports and Ratio: Tesla vs. Other Networks

At the end of August, the Tesla Supercharger network reached 11,125 DC fast charger ports across the US, accounting for 57.1% of all DCFC ports. With 1,118 locations, however, the Supercharger network accounted for only 20.1% of the total DCFC locations. 

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