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At Least Two-Thirds of Global Car Sales Will Be Electric by 2040

Internal combustion engine vehicles have already peaked, while electric cars are getting cheaper and going farther. 

An employee holds an electric charging plug at the Renault E-Ways electric automobile event in Paris in October 2020.

An employee holds an electric charging plug at the Renault E-Ways electric automobile event in Paris in October 2020.

Photographer: Benjamin Girette/Bloomberg
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Electric vehicle adoption is accelerating thanks to improvements in battery density and cost, more charging points, and government policies that make driving dirty cars more difficult. Still, if any country is going to meet its net-zero emissions targets in the next 30 years, more needs to be done to clean up road transportation. Here’s BloombergNEF’s view on where the EV industry is headed now. 

Picking Up Speed