ICYMI: Toyota and others get flak for sticking with hybrid electric cars, but purging the internal combustion engine is a long way off. Forcing the pace of change could spark a grassroots backlash against clean cars, says petesweeneypro
. India, the world’s third-largest emitter, runs over half its grid on it. China, the world’s biggest automobile market, relies on coal for nearly two thirds of its electricity, as does Australia; the figure is above 80% in countries like Poland and the Chinese province of Inner Mongolia. In such locations, the relative emissions advantage of BEVs over hybrids shrinks.
In addition, surveys show that range anxiety — the fear that EVs will run out of power and strand drivers — is a real issue for consumers. Assuaging that takes time and lots of money. The United States, for example, aspires to have half of new cars sold in the country by 2030 be zero-emissions. To ensure that drivers can charge when and where they need without waiting in long lines, the government will have to spend $35 billion on 1.
And there’s the wealth gap. Pure electric models are more expensive on average, and investors have concentrated on luxury brands like Tesla and China’s Nio . Charging installations around the world are concentrated in high-income areas, the McKinsey survey found, and electricity from those stations could cost five to 10 times more than home outlets.
Finally, it bears remembering the scope of the problem. Nine of every 10 cars sold are still gas guzzlers, and global emissions continue to rise. Even if the U.S. EV target for 2030 is hit, for example, 85% of vehicles on its roads will still be powered by the internal combustion engine. If cheaper and increasingly more efficient hybrids cannibalise demand for traditional models, however, they will incrementally reduce global fleet emissions - even if they do burn a bit of petrol.
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