Mixed messages for EV future
The State of the Future Report, unveiled at the World Economic Forum in Davos, has predicted that 90% of all vehicles on the road will be electric by 2035.
However, BP’s forecasts say it will be just a fraction of that – 100 million EVs – with demand for oil rising into the 2040s. It’s expected there will be more than 1.7 billion cars on the road by 2035, making 100 million EVs about 17% of the total number.
BP’s Energy Outlook predicted that demand for oil would be driven by a higher consumption of plastic goods, and that recoverable global oil supplies of around 2.6 trillion barrels can meet demand to 2050 twice over.
The report does predict a rapid uptake of electric vehicles – a 100-fold increase to 100 million EVs by 2035 out of an anticipated 1.7 billion cars – but believes carbon emissions will remain well in excess of government targets as oil demand from cars rises from around 19 million bpd in 2015 to 23 million bpd in 2035.
By contrast, the State of the Future Report believes that clean energy will become so mainstream that, apart from powering almost every car on the road by 2035, people will be able to send it to each other by 2053.
The repost said, ‘We will have the ability to send power as easily as we can send data, so every device can be powered from a cellular array. It could power someone else’s cell phone across the road, so all of our energy production will be completely decentralised.’
It also predicts that within 25 years the electricity generated by clean energy will be more than the combined demand of China, India, and Brazil.