6 Predictions for 2022
- Jan 25, 2022 11:20 am GMT
This item is part of the Power Industry 2022 Trends & Predictions - January 2022 SPECIAL ISSUE, click here for more
Well, another year has passed. 2021 is in our rearview mirrors, and for many of us, we are glad to see it go. 2022 is another opportunity for hope and, of course, some predictions for the electricity industry’s year ahead. So, here’s my shot at it.
Volkswagen has committed $86B in next 5 years to fleet electrification and autonomous car technology (source: Reuters)
1. Electric Vehicles take center stage – Ok, this is a no-brainer. All the planets are in alignment for the biggest year ever for EVs, and really, the beginning of the end for Internal Combustion Engine (ICE) vehicles. The US government has committed $7.5B for EV infrastructure. Tesla plans to deliver 1M vehicles in 2022. Ford has committed $30B to EV R&D and is advertising its Vehicle to Building (V2B) Ford F-150 Lightning. GM has committed $35B to V2x (Vehicle to everything) program. Nissan $17.6B. Toyota $35B. Volkswagen a stunning $86B with the plan that 25% of their sales by the end of 2026 are EVs. By the end of 2022, charging anxiety will decrease as the charging infrastructure increases another 33% from 2021 levels and ranges continuously increase. The number of consumer choices for EV options will double by the end of 2022 as the large auto manufacturer’s investments and capabilities grow. And, of course, Tesla continues to roll.
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