Article in the Oilprice The electric vehicle (EV) boom is now expected to come five years earlier than originally anticipated, in 2033, according to new research.
Based on new Ernst & Young AI analysis for supply and demand, experts are suggesting that EV sales will surpass those of traditional vehicles by 2033, with Europe reaching this point in 2028, China by 2033, and the U.S. by 2036. The research suggests that non-EV sales could plummet to as low as 1 percent of total vehicle sales by 2045.
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