The International Energy Agency has recently published its 2019 edition of the Global EV Outlook. The Global EV Outlook is an annual publication that identifies and discusses recent developments in electric mobility across the globe. It is developed with the support of the members of the Electric Vehicles Initiative (EVI). Combining historical analysis with projections to 2030, the report examines key areas of interest such as electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand
Highlights from the report include:
- Electric mobility is expanding at a rapid pace. In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost doubling the number of new electric car sales.
- Policies play a critical role. Leading countries in electric mobility use a variety of measures such as fuel economy standards coupled with incentives for zero- and low-emissions vehicles, economic instruments that help bridge the cost gap between electric and conventional vehicles and support for the deployment of charging infrastructure.
- Technology advances are delivering substantial cost cuts. Key enablers are developments in battery chemistry and expansion of production capacity in manufacturing plants.
- Private sector response to public policy signals confirms the escalating momentum for electrification of transport. In particular, recent announcements by vehicle manufacturers are ambitious regarding intentions to electrify the car and bus markets.
- On a well-to-wheel basis, greenhouse gas (GHG) projected emissions from EVs will continue to be lower than for conventional internal combustion engine (ICE) vehicles.
- An average battery electric and plug-in hybrid electric cars using electricity characterised by the current global average carbon intensity (518 grammes of carbon-dioxide equivalent per kilowatt-hour [g CO2-eq/kWh]) emit less GHGs than a global average ICE vehicle using gasoline over their life cycle.
- The EV uptake and related battery production requirements imply bigger demand for new materials in the automotive sector, requiring increased attention to raw materials supply. Traceability and transparency of raw material supply chains are key instruments to help address the criticalities associated with raw material supply by fostering sustainable sourcing of minerals.
- Absent adjustments to current transport-related taxation schemes, the increasing uptake of electric vehicles has the potential to change the tax revenue base derived from vehicle and fuel taxes. Gradually increasing taxes on carbon-intensive fuels, combined with the use of location-specific distance-based charges can support the long-term transition to zero-emissions mobility while maintaining revenue from taxes on transportation.
“Policy approaches to promote the deployment of EVs typically start with a vision statement and a set of targets. An initial step is the adoption of electric vehicle and charging standards. Procurement programmes kick-start demand and stimulate automakers to increase the availability of EVs on the market, plus provide impetus for an initial roll out of publicly accessible charging infrastructure”. The reverse is the case in Nigeria. The bill sponsored by Senator Ben Murray-Bruce Bruce, to phase out petrol vehicles by 2035 and introduce electric cars, was rejected by the National Assembly.
The truth remains that if Nigeria do not take the right action, other countries will do, and it will have a gross effect on Nigeria. For instance, in 2018, the Indian government set a goal to only sell electric cars by 2030. This will have grave implications for Nigeria who currently supplies the Asian country 12 percent of its crude oil volumes. Where is the starting point for Nigeria?
Read the full executive summary here.