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Study: By 2025, 16% of Cars Sold Will Be Electric

November 30, 2017 0 Comments

A recent survey indicates that by 2025, one in every six cars sold in the world will be electric.

According to theĀ Bloomberg report, “Almost every sixth car sold in the world will be electric by 2025.” The stat is based on a recent study by UBS Global Automotive. Specifically, the finding is that by the middle of the “next decade” global EV sales will be 16 percent of all vehicles sold, up from the previous estimate of 14 percent (or around one in seven of all vehicles sold). The report also indicates Audi and Porsche could have a lot to say about the future of EVs as they ramp up their electric strategies during the next several years.

Speaking about the study in the report, analyst Patrick Hummel said, “The shift to electric cars will come faster and in a more pronounced way, fueled by the diesel demise in Europe, battery technology advancements and regulation in China and Europe.”

Do you think that in the next 7 years the automotive landscape will change to the point of having one in every six vehicles being electric? What impact would that evolution have on automotive retail?

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