2018 - When Cars Peaked

With cars I of course mean gas & diesel cars, electric cars are rapidly replacing them. Which might not be what you have heard elsewhere, so lets dive in!

All data here is taken from an excellent article in Our World in Data which I recommend to checkout as this is mostly a rehash of what is written there

The electric cars death was somewhat exagerated, as was their slowdown

In todays media landscape steady (although fast) change just doesn't create good headlines. Things need to change not just continue climbing upwards

2018 - 2023

Non-electric cars go from almost 84 million to 63 million. While eletric cars go from 2 million to 14 millions

Even just eyeballing it it's clear that this will soon cause problems for the traditional car industry, which has been luckewarm in it's embrace of the electric car

Each year non-eletric cars sails volume decreased by 4 million while electric cars grew 2 millions instead

At those rates non-electric cars will hit 0 in just 18 years (2043)

However the car fleet will age more slowly

As of 2023 just 3% of total car fleet is electric although rising

The End

It will take a long time for gas & diesel cars to be fased out to a point where 90%+ is electric

By 2043 if not every new car is eletric, at least the super majority will be (90%+). However the pool of total vehicles moves much slower, with a lag of 10-15 years as old cars are used longer and longer

Do not expect the last gas or diesel car in your lifetime, but it will most likely be dammed close!