25 May '18, 1pm

News: Electric cars will exceed half the market and displace 7 percent of gasoline consumption by 2040: report

Footage from June 2016 LAPD announcement of lease for 100 BMW i3 electric cars [CBS Channel 2, LA] Enlarge Photo Electric car sales are poised to increase tenfold by 2025 and reach 55 percent of car sales worldwide by 2040, according to the latest report on electric cars from Bloomberg New Energy Finance . While electric cars' share of the market is still small—less than 2 percent in most places—that is set to change dramatically in the next few years. Sales of pure electric cars are set to grow from a record of 1.1 million worldwide in 2017 to 11 million in 2025 and 30 million in 2030, according to the study. Those sales will bite into sales of gasoline cars in the mid-2020s, Bloomberg says. By 2040, 55 percent of new-car sales worldwide will be electric and 33 percent of the cars on the road will be powered by batteries. DON'T MISS: Electric-car battery costs: Tesla $190...

Full article: https://www.greencarreports.com/news/1116898_electric-car...

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