Climate Changed
One in Six New Cars in the World Will Be Electric By 2025
- UBS predicts 16% of cars sold worldwide in 2025 will be EVs
- Analysts say consumer interest is rising, especially in China
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Almost every sixth car sold in the world will be electric by 2025, according to a UBS global autos survey released Tuesday. And if things go the way they have in 2017, those cars are more likely to be emblazoned with a Tesla Inc. logo than BMW AG’s.
By the middle of the next decade, global sales of electric vehicles should hit 16.5 million, analysts led by Patrick Hummel said in the report, a 16 percent increase from the previous estimate. They predict electric vehicles will make up 16 percent of all car sales by then, up from a previous estimate of 14 percent.