Feb 26th, 2016

Rising Electric Vehicle Sales Concern Oil Industry

It’s looking like the 2020s will be the decade of the electric car. Battery prices fell 35 percent last year and are on a trajectory to make unsubsidized electric vehicles as affordable as their gasoline counterparts in the next six years, according to a new analysis of the electric-vehicle market by Bloomberg New Energy Finance (BNEF). That will be the start of a real mass-market liftoff for electric cars. Bloomberg's Tom Randall reports on "Bloomberg West." (Source: Bloomberg)