3 ms·
Sales of EVs are growing linearly so the displacement effect of EVs grows quadratically (at least for the first 10 years before any significant number are taken
by obblekk 4y ago
Sales of EVs are growing linearly so the displacement effect of EVs grows quadratically (at least for the first 10 years before any significant number are taken out of service).
Quadratics aren't quite exponentials, but they're still pretty fast for a society. US gasoline consumption grew only 5% from 2010 to 2019, so by 2023, EV sales will be offsetting all growth in gasoline demand. By 2024, gas demand will be less each year than before. By 2030, significant numbers of gas stations will be reducing/converting pump counts. That sounds like a pretty awesome arc for the 2020s compared to the 2010s.
And the linear sales growth constant seems decently high too: https://www.statista.com/statistics/1231872/battery-electric-vehicle-sales-in-the-united-states/ https://www.statista.com/statistics/1231872/battery-electric...
Gas consumption: https://www.statista.com/statistics/188448/total-us-domestic-demand-for-gasoline-since-1990/ https://www.statista.com/statistics/188448/total-us-domestic...