The last time we heard from IHS Global Insight's Philip Gott, he was talking about the overall sustainability of transportation. Now, Gott has lead a study on electric vehicle (EV) adoption rates that paints a positive picture about EVs based on their business case. How positive? How about 20 percent market penetration by 2030? Sure, there are a lot of voices around giving the negative aspects of EVs (Toyota, we're looking at you), but the IHS study found that the inherent benefits of electric drive – quiet operation, lowered emissions and ability to accept energy from a variety of energy sources – suggests they will reach that 1-in-5 rate in two decades.
The challenges for EVs that the study found are items we've heard before: "the development of powerful, long-lasting batteries and ready access to a reliable power grid for recharging." Who knows where things will be in 2030? IHS says they do but don't let this study, called the Battery Electric and Plug-in Hybrid Vehicles: The Definitive Assessment of the Business Case, be your only guide. Gott has scaled back his predictions before, like with the number of hybrids in the U.S. in 2025.