Electric vehicles (EVs) could make up 15% to 35% of worldwide new vehicle sales in 2040, says IHS Markit, a specialist in critical information, analytics and solutions. The findings are part of a new research project, ‘Reinventing the Wheel’, that the company will conduct over the first half of 2017. “The key question is whether we are approaching a transformative shift akin to the first decade of the twentieth century, when the internal combustion engine, cheap gasoline, bicycle technology and mass production combined to usher in the automotive age,” says IHS Markit vice chairperson Dr Daniel Yergin.
Source: www.engineeringnews.co.za
Electric vehicles’ share of market to grow rapidly, says IHS Markit
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