EVs Coming On Strong
The electric car revolution may hit the world 'harder and faster' than predicted
Maria Gallucci, July 7, 2017 (Mashable)
“…Around 530 million electric vehicles could zip quietly along the world's streets and highways by 2040…[up from roughly 2 million electric cars today…[and] battery-powered vehicles will make up 54 percent of the market, compared to just a tiny fraction now, according to the 2017 Bloomberg New Energy Finance forecast that is] much more aggressive than the 2016 outlook that saw electric cars accounting for about one-third of new sales by 2040…Such a dramatic change in the global auto market would have huge benefits for the climate — especially as wind turbines and solar panels provide a rising share of the electricity needed to recharge batteries…[There are] two key reasons…First, automakers are doubling down on commitments to produce electric passenger cars…[S]econd, lithium-ion battery costs are falling much faster than expected thanks to improving technology and increased supply…” click here for more
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