Electric Vehicle (EV)
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Today oil demand is 92.4 mbd and automotive accounts for 75% of oil product<br />
consumption in transporting system or 50% of final oil consumption<br />
By 2023, w/w will consume 100 mbd of oil, <strong>EV</strong> could replace 2 mbd of oil<br />
demand as early as 2023<br />
China is the strongest growing country in <strong>EV</strong><br />
Current price of battery in mid-sized car cost $ 15,000. makes <strong>EV</strong> car very<br />
expensive. But price of battery is coming down.<br />
While cost of producing ICE to meet environmental controlling standard will<br />
becoming more expensive than <strong>EV</strong> which meet the standard<br />
Innovation Group (Thailand)<br />
Dr.Banja Junhasavasdikul<br />
10
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