Blue Swan Daily, 31 May 2019 – Most understand the need for the travel industry, one of the biggest contributors to greenhouse gas emissions, to find innovative ways to rapidly reduce its impact on climate. In the automotive industry, this is led by the transition to electric vehicles (EVs), including plug-in hybrid electric (PHEV) and battery electric vehicles (BEV).
- Electric vehicles are expected to make up 57% of the global passenger car sales by 2040 driven by falling battery costs and changing consumer habits, according to a new report;
- New EV models will increase competition and likely drive down costs;
- EVs nonetheless still lag heavily behind ICEs, mainly due to charging infrastructure restrictions.