May 15, 2019

Buses are dominating the electric vehicles boom

Roughly two-thirds of buses worldwide will be electrified by 2040, according to the latest research from BloombergNEF, while sales of electric cars and light-duty commercial vehicles are on track to be more than 50% by then too.

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Data: BloombergNEF; Chart: Axios Visuals

What they’re saying: Colin McKerracher, head of advanced transport for BNEF, says in a statement: "We see a real possibility that global sales of conventional passenger cars have already passed their peak."

Yes, but: BNEF tends to be on the more aggressive side with its forecasts. This one also makes some assumptions that are uncertain with President Trump in office and Republicans controlling at least one chamber of Congress.

  • The forecasts assume a federal subsidy remains intact and that California retains its legal right to issue stricter standards, which Trump is attempting to do away with while rolling back federal efficiency standards (BNEF doesn’t assume those standards are met).

The big picture: China is dominating in electric cars — like it is in nearly all energy technologies. “China's electric car market is growing much faster than electric vehicle sales in Europe, the United States, Japan and the rest of the world combined,” Jack Barkenbus, a visiting scholar at Vanderbilt University, writes in The Conversation.

Go deeper

The polarized pandemic election

A Trump supporter protests Pennsylvania's stay-at-home order, during a May 15 rally outside the Capitol in Harrisburg. Photo: Mark Makela/Getty Images

President Trump is going all-in on pushing for a rapid, robust return to normal life, creating a visual, visceral contrast with Joe Biden and other Democrats who are more reticent to rip the masks off.

The state of play: Business friends have been urging Trump from the beginning to keep the lockdowns short. He's listening more and more.

Tech's long hot summer of antitrust

Illustration: Aïda Amer/Axios

Google, Facebook and other tech giants face a summer of regulatory grilling as long-running investigations into potential anticompetitive practices likely come to a head.

The big picture: Probes into the power of Big Tech launched by federal and state authorities are turning a year old, and observers expect action in the form of formal lawsuits and potentially damning reports — even as the companies have become a lifeline for Americans during the pandemic lockdown.

Palantir CEO hits Silicon Valley "monoculture," may leave California

Palantir is "getting close" to a decision on whether to move the company out of California, CEO Alex Karp said in an interview for "Axios on HBO."

The state of play: "We haven't picked a place yet, but it's going to be closer to the East Coast than the West Coast. ... If I had to guess, I would guess something like Colorado."