Europe is expected to move towards an all-electric car generation in 20 years

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Europe is expected to bid farewell to the era of gasoline and diesel vehicles in the next 20 years. ING Bank of the Netherlands predicts that by 2035, due to the strong support of European countries' policies, the cost of electric vehicle batteries will drop drastically and the electric vehicle industry will reach economies of scale, the sales of new cars in Europe will all be electric vehicles. Let's take a look at the related content with the car list.

According to TheGuardian, ING predicts that by 2035, new European cars will be the world of electric cars. However, by that time, the European electric vehicle market is likely to be dominated by the US and Asian players, because European automakers have missed the opportunity in the development of electric vehicles, and they are afraid of the United States and Asia, which have been cultivating electric vehicle battery materials for a long time. competitor.

Compared with other institutions, ING is the most optimistic about the development of European electric vehicles. The National Grid (National Grid) expects that 90% of new cars in the UK by 2050 will be electric. France said in July that it will completely ban the sale of new gasoline and diesel vehicles by 2040, which means that the pace of France's move towards an all-electric car society will be slower than that predicted by ING.

ING pointed out that pure electric vehicles will become a rational choice for European car owners from 2017 to 2024, as the price of electric vehicles will decline during this period, the scope of activities will expand and the charging infrastructure will become more popular. ING predicts that the cost of purchasing electric vehicles in Germany by 2024 will be reduced to the same level as traditional gasoline and diesel vehicles.

In addition, by 2020, car owners no longer need to worry about electric vehicles running far, ING said that in the next 10 years, the distance of electric vehicles after full charge will be greatly increased from 100 to 150 miles today to 400 miles.

And after 10 years, automakers will put all their efforts into developing electric vehicles. Volvo, a Swedish automaker, said recently that it will only introduce hybrid electric vehicles, plug-in hybrid electric vehicles or pure electric vehicles from 2019, which will be the beginning of the wave of electric vehicles in the future.

ING predicts that the battle between the hydrogen car and the electric car will eventually stand out in the electric car with both price and infrastructure. However, European automakers are likely to miss out on the development of the electric car revolution, as Asian and American competitors have taken the lead in electric vehicle battery technology and electric engines. As we move towards electric car generations, the existing advantages of European manufacturers in internal combustion engines will disappear.

Tony Seba, an economist at Stanford University, points out that by 2040, almost all of the world's roads will run on electric vehicles.

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