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After coal, gas may be the target of the climate lobby-III: The transition to electric vehicles will happen sooner than later
May 08: Costs for electric vehicle batteries continue to fall, with most studies seeing $150-300/kwh as the tipping point in their ability to compete with internal combustion engines.
8General Motors states it achieved $145/kwh in 2015 and Tesla believes it will reach $100/kwh by 2020.
8Research by Carbon Tracker and Imperial College, applying the latest EV battery costs, shows that EVs could become cost competitive by 2020 without subsidy, driving a faster rate of adoption than is foreseen by either the Bloomberg New Energy Finance New Energy Outlook or the IEA’s 450 scenario (which is consistent with a 50% chance of limiting warming to 2°C).
8Prior to 2020, bulk purchasing agreements and subsidized consumer vehicles are bolstering demand to ensure economies of scale.
8The Chinese Government, for example, aims to have 5 million EVs on the road by 2020 , while 30 US cities have asked manufacturers to quote for supplying 114,000 EVs. The automobile industry is stepping up
8Power ministry Piyush Goyal spoke of transiting to a 100% electric vehicle fleet by 2030.
Clearly these are no longer empty threats


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