2019 Projections (Part II of II)
- January 9, 2019
- Auto Extended Warranty, Extended Auto Warranty
- Posted by Peter F
- Comments Off on 2019 Projections (Part II of II)
n Part I our hour-glass revealed how things should get simpler and what cheap gas will mean for us all in 2019. These next two categories will be sure to peak your interest.
EVs and Plug-Ins
No surprise here, 2019 will be chalk full of new electric vehicles (EVs) and plug-ins led of course by Tesla with Lexus, Mercedes, Audi, Jaguar and BMW collaborating with some head-turning, fresharrivals. The good folks at GoodCarBadCar.net reported the Tesla Model 3, Model S and Model X were all among the top 20 selling luxury cars in 2018. Although these alternative rides make up less than 2 percent of the market share, sales of EVs and plug-ins have jumped 20 percent since 2017.
Most interesting with this “non-traditional” market is if one plans on keeping a car for say 10 years, the technology surrounding repairs and maintenance, and the eventual re-sale of said car will be much more favorable for an EV than a traditional internal-combustion engine by 2030. Improvements with lithium-ion batteries will only advance and while EVs hit harder on the pocketbook in the short-term, the long-term return is quite bright.
U.S. to take the lead
In line with the EV and Plug-in piece, the U.S. is expected to make a leap in 2019, taking the lead on electrification technology and exporting said technology to the rest of the world. Technology is key, but so are U.S. brand names such as General Motors for example, where 4 million cars were sold in China compared to just 2.4 million in the U.S.
Climate change talks are pushing the industry to move quicker than ever towards electrification. Of the 40 biggest megacitiesworldwide, North America only can claim three – Mexico City, New York and Los Angeles. Throw in Toronto for good measure as it is getting there quickly. Emissions of carbon dioxide (CO2) run in direct proportion to how much carbon fuel is burned. And most of the things that burn carbon fuel are transport related. Coming to terms with this collectively, at a global level, is becoming realer by the day and 2019 is shaping up to be a watershed year in terms of major decisions leading a turn to electric (as well as solar, hydro, wind and for some, nuclear) options.