31 May '18, 12pm

International Energy Agency forecasts 125 million electric cars on road by 2030

BYD e6 electric taxi in service in Shenzhen, China Enlarge Photo The International Energy Agency, an advisory council to energy-consuming countries, released a new report forecasting that by 2030, the world will have 125 million electric cars on the road. That would amount to 10 to 12 percent of the world's cars running on electricity in a little over a decade. The report, publicized by CNBC , says that while battery prices are coming down, the main driver for electric-car growth is still public policy—mandates and incentives for automakers to sell large numbers of electric cars. DON'T MISS: China plans to standardize electric-car tech nationally to expand its global lead Those 125 million electric cars would be about 40 times the number on the road last year, which is already up 54 percent from a year earlier. Unlike other polls, which examine the sales of new electric ca...

Full article: https://www.greencarreports.com/news/1116971_internationa...

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