The electric vehicle revolution has begun

We predict that by 2032, half the global sales of new passenger vehicles will be battery electric vehicles, followed by commercial vehicles in 2038. The electric vehicle revolution has begun, with the next five years likely to see the highest rate of change due to technological advancements, investment, and customer demand.

To support this rapid growth in electric vehicles, DNV is at the leading edge of understanding how EVs will shape our energy future. With more than 12 years of direct experience, DNV successfully supports industry and clients to take advantage of the value stream and opportunities within the EV revolution.

2.8 b

ELECTRIC VEHICLES

On the road by 2050

70 %

KILOMETRES TRAVELLED

Will be from EVs by 2050

7000 TWh

TERRAWATT HOURS

Of annual EV electricity consumption by 2050

EVs and grid integration
Power and renewables

EVs and grid integration

The three major drivers of this revolution are decarbonization, air pollution control, and cheaper EVs.

How Norway's EVs cut emissions
Power and renewables

How Norway's EVs have cut emissions globally

DNV’s estimates show that without the Norwegian EV policy, global CO2 emissions over the period 2010–2050 would have been close to 400 million tonnes higher.