26 May '18, 1am

55% of Global New Car Sales Will be EVs by 2040: Report

55% of Global New Car Sales Will be EVs by 2040: Report

A new report says that electric car sales are expected to increase massively in the next few years, reaching 55 percent of global new car sales by 2040 and replacing 7 percent of gas and diesel consumption. Sales of electric cars have just managed to top 1.1 million per year, but a new report from Bloomberg New Energy Finance says that they are set to grow to 11 million in 2025 and topping 60 million vehicles, about 55 percent of the new car market, by 2040. The prediction is that EVs will have replaced 33 percent of the total global car fleet by then. Helping to lead that demand, Bloomberg expects the number of EV choices to jump. Currently, there are 155 electric vehicle models available for sale worldwide. The report expects that to jump to 289 by 2022 with some automaker converting fully to electric by 2025. SEE ALSO: Big Oil Makes Big Increase on EV Forecasts The sale...

Full article: http://www.hybridcars.com/55-global-new-car-sales-will-ev...

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