‘Electric car to be dominant by 2033’
Research and accounting firm EY thinks that by 2033 the electric car will be dominant in global car sales. That is five years earlier than predicted. In 2045, fuel cars would account for less than 1 per cent of global new car sales.
Demand for electric cars is being driven by government regulations to discourage the use of fuel cars and encourage electric driving to reduce emissions to combat climate change. The researchers expect sales of electric cars to exceed those of petrol or diesel cars in major car markets Europe, the United States and China within 12 years.
For a long time now, the supply has not come solely from Tesla. In fact, Volkswagen, Skoda, Kia, BMW and Volvo now top the Dutch sales charts. General Motors has introduced an electric Hummer, Ford has launched an electric version of its F-150 and is also doing well with its electric Mach E.
Investments in infrastructure for electric driving are also increasing demand for such cars. US President Joe Biden has said he wants to set aside 174 billion dollars to stimulate electric driving. This includes the construction of half a million charging points across the US.