Oasis Charger Corporation: EV Market Update

We are clearly moving from a market of early adopters/enthusiasts to the main-streaming of electric vehicles (CleanTechnica: “Eventually, Joe Schmo Will Have His Electric Car “Lightbulb Moment”).

Meanwhile, industry analysts are reducing their estimates of when EV’s reach purchase price parity with gasoline-powered cars (ICE’s) without the need for various financial/tax incentives.  The consensus seems to be alighting on circa 2025, but with some more bullish estimates pushing toward 2023. 

The price for batteries is the main driver in the overall price of EV’s.  Given the sizeable investments being poured into battery research by both the automobile and the venture capital firms (FT: “Venture Capitalists bet big on electric car batteries”), there is an increased likelihood that we could see a leap in capacity/range, charging speed, weight and/or cost. (WSJ: “The Battery Boost We’ve Been Waiting for is Only a Few Years Out”).
 
Finally, the utility companies are waking up to the revenue implications as transportation fuel moves from gasoline to electric.  36 Utilities are lobbying Congress to remove the per manufacturer cap on sales (currently at 200,000) for the federal electric car tax credit. (Green Car Reports, “Automakers, electric utilities want electric-car tax credit extended”). 

Shell, the British-Dutch oil giant, has invested in a European EV charger company in partnership with the automobile industry.  Shell is looking to use its formidable natural gas supplies to generate electricity in a “…world where electricity becomes the biggest game in town,” according Shell’s head of gas and new energies, predicting that by 2050 power consumption would outstrip Shell’s oil and gas business (WSJ: "Oil Giant Shell Wants To Sell You Electricity"). 

Paul Vosper
pvosper@oasischarger.com
+1 (929) 777-0093