BACKGROUND EV FACTS
-Global automakers will spend a whopping $255 billion on research and development (R&D) for electric vehicles (EV) through 2023
https://www.businessinsider.com/global-automakers-will-spend-billions-in-the-electric-vehicle-race-2018-6
- Automakers predict 55% of new vehicles will be electric by 2040. More than 90% of all passenger vehicles in the U.S., Canada, Europe and other rich countries could be electric by 2040 according to research from the IMF and Georgetown University.
https://www.technologyreview.com/s/608231/by-2040-more-than-half-of-all-new-cars-could-be-electric/
-China, India, France and the United Kingdom all have announced plans to phase out combustion engine vehicles by 2040.
https://qz.com/1341155/nine-countries-say-they-will-ban-internal-combustion-engines-none-have-a-law-to-do-so/
-BC has just set targets for zero-emission light-duty cars and trucks at 10% of all vehicle sales by 2025, 30% by 2030, and 100% by 2040.
https://www.cbc.ca/news/canada/british-columbia/every-new-car-sold-in-2040-will-be-zero-emission-b-c-government-says-1.4913679
-Quebec targets: 100,000 EVs on the road by 2020 and 1/3 of car sales electric by 2030
https://montrealgazette.com/news/local-news/the-shift-to-electric-cars-are-we-there-yet
-Since 2017, 40% of bus orders in China are for electric
https://cleantechnica.com/2018/11/27/meanwhile-in-china-the-electric-mobility-revolution-is-in-full-swing/
-Toyota wants nearly all vehicles to be emissions free by 2050
https://news.vice.com/en_us/article/ywjwww/toyota-says-most-of-its-vehicles-will-be-emissions-free-by-2050
-Ford: Plans for 2/3 of vehicles to be electric by 2030. “We’re all in on this and we’re taking our mainstream vehicles, our most iconic vehicles, and we’re electrifying them.”
https://www.reuters.com/article/us-autoshow-detroit-ford-motor/ford-plans-11-billion-investment-40-electrified-vehicles-by-2022-idUSKBN1F30YZ
-Volkswagen promises to release a new electric vehicle every month starting 2019. Spending 34 billion euros by 2022.
https://reneweconomy.com.au/vw-promises-new-electric-car-model-virtually-every-month-66673/
-All Volvo car models launched after 2019 will be electric or hybrids
https://www.theguardian.com/business/2017/jul/05/volvo-cars-electric-hybrid-2019
