The Electric Economy (Cars, Trucks, Planes, and Ships) is Coming.

Electric cars are changing the world and they're just getting started

Singapore - Global interest in climate change - its effects on the environment and society more broadly - is probably at an all time high. Countries around the world, with the glaring exception of the US under President Donald Trump, are increasingly acknowledging the shift that's needed from a fossil fuel-driven economy to one that is sustainable, green and attempts to mitigate climate change.

 From article, (A growing number of countries, including Austria, Denmark, Japan, Korea, the Netherlands, Spain and Portugal have established targets for electric vehicle sales. The UK and France want all new cars to be electric and produce zero emissions by 2040.

And, according to a report just released by BP, global oil demand will peak in the 2030s. This will be primarily because of a 100-fold increase in sales of electric vehicles, capturing one-third of the car market.

Two countries are leading the way when it comes to electric cars and hybrids which contain both internal combustion engine and an electric motor. One is Norway, where more than half of the new cars sold in 2017 fell into these categories. The other is China, which leads the world in electric vehicle sales and whose market keeps growing. In 2017, more than 600 000 electric vehicles were sold, 71% higher than 2016. Sales increased every month in 2017.

Electric cars will form an important part of China’s “war on pollution”, and it has been aggressively adjusting its policies accordingly. For instance, by 2025, 20% of cars sold in the country must be electric vehicles. Volkswagen has responded by announcing a $10 billion investment in China for developing relevant technology and plans to manufacture 1.5 million electric vehicles by 2025.

It is not only vehicles that are going electric. Norway plans to make all short-haul flights of 1.5 hours or less using electric planes. Avinor, the public operator of Norwegian airports, is planning to launch a tender to test a commercial short-haul route by an electric-powered plane in 2025. Zunum Aero, a start-up partly financed by Boeing, plans to have an electric plane available by 2022.

Airbus, Rolls Royce and Siemens are working together to develop a hybrid model which may make its maiden flight as soon as 2020. These developments will reduce greenhouse gas emissions and also reduce noise levels by half.

There’s also been some progress in “electrifying” maritime transport. Passenger and cargo ships and ferries are developing hybrid and electric alternatives to reduce reliance on diesel and heavy fuels. YARA International, a Norwegian chemical company, is working with high-technology group Kongsberg to produce a zero emissions electric ship that could be operational later this year.)

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