XPEV - Automotive Industry Shifts Gears: Electric Cars To Dominate Roads By 2030 | Benzinga
The future of the automotive industry looks upbeat, with almost one-third of cars on China’s roads expected to be electric by 2030, along with nearly one-fifth in both the U.S. and the European Union, according to a report by the International Energy Agency (IEA).
More than one in five cars sold worldwide this year is anticipated to be electric, marking a significant shift that will reshape the global auto industry and reduce oil consumption for road transport.
The latest edition of the IEA’s Global EV Outlook reveals that global electric car sales are projected to reach approximately ...