![]() One is government incentives, which play an important role in lowering the total cost of ownership (TCO) for consumers. Several factors are driving the accelerated rate of 圎V-and particularly BEV and PHEV-uptake. Battery-powered electric vehicles (BEVs) and plug-in hybrids (PHEVs) will seize almost a quarter of the market by 2030 we had previously projected their global market share at about a fifth. Our previous forecast, completed in 2017, showed 圎V sales taking a quarter of the market by 2025 and approaching 50% by 2030. These cars will seize a third of the market by 2025 and 51% by 2030, surpassing sales of vehicles powered purely by internal combustion engines (ICEs). BCG’s latest global automotive powertrain forecast shows sales of electrified vehicles (圎Vs) growing even faster than expected. ![]() Here’s good news for consumers, the auto industry, and potentially the planet-an unusual trifecta. Technology, Media, and Telecommunications. ![]()
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