25 Feb '16, 3pm

Electric Cars To Be 35 Percent Of Global Sales By 2040: Energy Analyst

Electric Cars To Be 35 Percent Of Global Sales By 2040: Energy Analyst

Stephen Edelstein 228 views Feb 25, 2016 2016 BMW i3 Enlarge Photo Despite steady progress over the past few years, electric cars still make up only a very small percentage of the tens of millions of new cars sold globally every year. And while that won't change immediately, energy-industry analysts believe a surge in electric-car sales could be just around the corner. Electric cars and plug-in hybrids could come to represent 35 percent of new light-duty vehicle sales by 2040, according to a recent report by Bloomberg New Energy Finance. DON'T MISS: Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute They will achieve that through a major increase in sales beginning in the 2020s, analysts say, driven primarily by steady decreases in the cost of lithium-ion battery cells. By 2040, they expect electric-car sales to hit 41 million units, around 90 times ...

Full article: http://www.greencarreports.com/news/1102545_electric-cars...

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