With the rapid rise of electric vehicles, global automotive companies are increasingly betting on China’s booming EV market. Foreign media have noted that electric mobility is no longer just a Chinese phenomenon—it’s becoming a global trend. In 2018, Xiaobian compiled 24 key predictions for the future of the global electric vehicle industry, offering an insightful look into what was to come.
2017 marked a turning point in the shift toward electrification, and it raised a big question: What would 2018 bring? What major developments or milestones would shape the electric car landscape? Here are more than 20 key predictions about the evolution of the electric vehicle market in 2018:
[Image: 24 Points in the 2018 Electric Car Market]
1. ExxonMobil or BP may acquire electric vehicle charging companies to stay competitive in the evolving energy sector.
2. GAC Motors plans to enter the U.S. market by 2019 through a partnership with Fiat Chrysler (FCA), introducing electric CUVs.
3. Tesla launches the Y-CUV during a highly anticipated live event, securing over 500,000 reservations within a week.
4. Tesla joins the solid-state battery race, aiming to launch a new model equipped with this advanced technology by 2023.
5. California’s electric vehicle sales reach nearly 10% of all new car sales, signaling strong consumer adoption.
6. U.S. electric vehicle sales double, reaching 2% of total new car sales as the market gains momentum.
7. Tesla wins a Supreme Court case, allowing direct-to-consumer sales in all 50 U.S. states.
8. Ford and GM announce plans to launch plug-in hybrid electric vehicles (PHEVs) for large SUVs and pickup trucks.
9. Fiat Chrysler (FCA) receives a major investment from Google and partners with China Guangzhou Automobile to develop electric drive systems.
10. A shortage of skilled workers delays the installation of EV charging stations across the U.S.
11. Several U.S. states introduce or expand vehicle taxes and fees to offset declining gasoline tax revenue.
12. Fisker and Geely focus on solid-state battery development and innovative vehicle design.
13. BMW and Mercedes-Benz plan to integrate wireless charging technology into all new EV models by 2021.
14. The U.S. public charging network expands to 60,000 stations, up from 46,944.
15. Tesla opens 50 “super†centers worldwide, each featuring 40+ charging piles.
16. General Motors partners with Panera Bread in California to create a new concept combining fast charging, showrooms, and food services.
17. Google introduces a home EV charging station under its Nest brand and expands its mobile advertising-based charging network, with plans to acquire Volta Charging.
18. At least five countries or cities announce bans on diesel vehicles, though the U.S. does not join the list.
19. Whole Foods significantly increases its EV charging stations, offering free charging for Amazon Gold members.
20. Global EV sales hit 1.75 million units in 2018, bringing the total to 4.75 million units worldwide.
21. The Tesla Model 3 breaks multiple sales records, becoming the first EV to sell over 200,000 units in a year and achieving monthly sales of over 10,000 and 20,000 units in the U.S.
22. Tesla’s global sales surpass 300,000 units in 2018.
23. China’s EV sales nearly double, reaching 1 million units.
24. A major fleet operator orders 1,000 Chevrolet Bolts, signaling growing corporate interest in electric vehicles.
These predictions highlight the transformative potential of electric mobility and the accelerating pace of innovation in the automotive industry.
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