Global EV outlook 2016 : beyond one million electric cars

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      <subfield code="a">Global EV outlook 2016</subfield>
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      <subfield code="a">The year 2015 saw the global threshold of 1 million electric cars  on the  road exceeded, closing at 1.26 million. This is a symbolic achievement highlighting significant efforts deployed jointly by governments and industry over the past ten years. In 2014, only about half of today¿s electric car stock existed. In 2005, electric cars were still measured in hundreds. ndustry, governments and early adopters have succeeded in demonstrating that electric cars can deliver the practicality, sustainability, safety and affordability characteristics expected from them, but the EV market still requires policy support to achieve widespread adoption and deployment. Battery costs have been cut by a factor four since 2008 and are set to decrease further. In parallel, battery energy density needs to increase to enable longer ranges for lower prices. Technological progress and economies of scale are critical to move towards cost parity with conventional internal combustion engines (ICEs). Recent carmaker announcements suggesting EV ranges that will soon be exceeding 300  kilometres (km) give encouraging signals for the future</subfield>
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