EVs are the future of personal transportation. In fact, sales of electric vehicles (EVs) have grown at a compound annual growth rate (CAGR) of 30 percent since 2010, with global EV sales expected to reach 30 million units in 2030 from 2 million in 2017. Even though EVs currently make up a small portion of global auto sales—only about 1%—their market share is expected to grow significantly over the next decade as governments around the world crack down on carbon emissions and more automakers set their sights on electrifying their fleets. In this article, we’ll explore some of these projections and discuss how they might affect you.
Global electric vehicle (EV) sales are projected to reach 30 million units in 2030, up from 2 million in 2017.
Global electric vehicle (EV) sales are projected to reach 30 million units in 2030, up from 2 million in 2017. China is projected to account for almost half of all global EV sales by 2030 and California will be responsible for nearly half of all U.S. plug-in electric vehicle sales through 2035.
In the U.S., EVs will represent about 30 percent of new vehicles sold in 2030.
In the U.S., EVs will represent about 30 percent of new vehicles sold in 2030. That’s a major increase from today, but it’s still just a fraction of all cars on the road. The growth rate is expected to slow down as battery prices decline and demand drops off (we’ll get into why in a minute).
But even if EVs make up only 25 percent of sales by 2025, that would mean millions more electric cars hitting US roads each year–and that’s enough for significant changes at every level of personal transportation: from individual consumers who choose to buy an EV instead of another type of …The Future Of Electric Vehicles Read More