Economics
Battery-Powered Cars Will Be Half of Global Auto Market by 2030, Study Says
- ‘Tipping point’ for EVs in sight, Boston Consulting Group says
- Gas-electric hybrids and pure electrics will both play a role
Why Electric Cars Aren't Taking Over Yet
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Battery-powered cars will make up about half of the global automotive market by 2030, as environmental regulations, falling prices and the deployment of driverless taxis fuel demand, according to a new study by the Boston Consulting Group.
“The timing of the market’s transition to a new type of powertrain has long been the subject of debate,” Xavier Mosquet, BCG senior partner and author of the study, said in a statement. “The prospects for electric vehicles are now clarifying.”