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If oil prices stay low, like $20 per barrel, electric car sales would likely be slower and account for only around 25% of new cars sales and 14% of all cars on the roads by 2040, the report said.
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 ...
Bloomberg New Energy Finance said electric cars will comprise 54% of new-car vehicles and 33% of the fleet world-wide by 2040 as price-competitive electric vehicles will be available in all major ...
Half of all new cars and light trucks sold in the US in 2030 ... or diesel-powered vehicles within the state's borders. 2040 looks like the drop-dead date for new fossil fuel vehicles in some ...
ICE vehicles still comprise a majority of new car sales in 2040—buoyed by sales of mild to full hybrids, which still primarily rely on internal combustion engines. However, cars powered solely ...
The forecast is much more aggressive than 2016's outlook, which saw electric cars accounting for about one-third of new sales by 2040. "The EV revolution is going to hit the car market even harder ...
Along with a spate of recent commitments to electric vehicles by governments and car ... cars and vans in 2025. Governments in the U.K., the Netherlands, and France have promised the same by 2040.
Audi and BMW have also shown self-driving car concepts ... predictions that autonomous cars will account for up to 75 percent of vehicles on the road by the year 2040. The organization went ...
G.M.’s move is sure to roil the auto industry, which, between car and parts ... to switch to electric cars was part of a broader plan to become carbon neutral by 2040. “General Motors is ...
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