![]() Surprisingly, automakers don’t seem to be worried by the current low market penetration of electric vehicles, unpredictable government EV subsidies, a lack of developed public and private charging infrastructure, or the relatively high cost, long charging times, and shorter driving range of current batteries. If you include non-plug-in hybrids, the worldwide share of electrified vehicles is expected to rise to 32 percent in 2025 and 59 percent in 2030. A 2018 JP Morgan Research report predicts BEVs and PHEVs will account for 12 percent of all vehicles sold in the world by 2025, rising to 20 percent by 2030. ![]() ![]() What started as a trickle a few years ago is turning into a tidal wave as dozens of new electric (BEV) and plug-in hybrid vehicles (PHEV) will be introduced by major automakers over the next few years.
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