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This article was published on January 5, 2021


Affordable EVs will be the catalyst for a decade long shift to electric cars

The future is electric, if you hadn't already realized

Affordable EVs will be the catalyst for a decade long shift to electric cars
Matthew Beedham
Story by

Matthew Beedham

Editor, SHIFT by TNW

Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls. Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls.

According to a recent report from American industry analysts ABI Research, 2021 will be the year that electric vehicles hit the mainstream in a big way, Roadshow by CNET says.

The main driver behind this will be a slew of more affordable EVs — like the VW ID.3, ID.4, and Ford Mustang Mach-E — coming to market.

“This transition from niche to mainstream will be built on the introduction of low-cost EV models that satisfy the typical mileage requirements at an acceptable price point,” said James Hodgson, Smart Mobility & Automotive Principal Analyst at ABI Research.

According to the report, by the end of this decade, EVs will make up a quarter of all new vehicles shipped.

VW, ID.3, car, ev, future
Credit: Alexander Migl / CC BY-SA
The VW ID.3. The first 1,500 vehicles went on pre-order sale last year, and sold out in just a few days in the UK. Expect to see the first ones on the road this year.

In some markets, like the UK and Norway, which are banning the sale of new petrol and diesel vehicles, we can expect that number to be higher. Drivers simply won’t have the choice to buy anything other than an EV if they want a new car.

[Read: The crazy story how self-driving’s biggest star stole Google secrets, joined Uber, and became bankrupt]

Some people said that 2020 would be the year of the EV, but y’know there was a pandemic induced economic downturn which put a dampener on things.

Indeed, ABI’s research suggests we won’t see the booming car sales of the past decade returning for at least five more years as the world recovers from the economic downturn.

So 2021 might not be a breakout year in its own right, but should be considered a potential inflection point: the start of significant change that will gather pace and continue over the next 10 years.

500e, fiat, car, future
Credit: Wikimedia - CC
The Fiat 500e is also going to come in a cabriolet variant with a rag-top.

Sales of EVs around the world are certainly going in the right direction, and many might believe that EVs are already a common site on roads. However, as Roadshow points out, Tesla delivered just shy of 500,000 vehicles globally, last year. To put that into context, Americans bought over 3 million pickup trucks across the same time period.

Indeed, EVs still have a way to go before they are the “mainstream” motorist’s vehicle of choice.

However, with sales steadily increasing over the past year, ICE bans coming into force soon, and with mainstream manufacturers like VW launching its range of “people’s EVs,” the coming years are certainly laying the foundation for the future of electric motoring.

Sources: Body Shop Business


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