Electric Cars Dominate Roads By 2040




Electric cars are heading for road control by 2040, with the majority of road cars becoming electric in 20 years due to lower battery prices, according to a new report released today by Bloomberg. The new report is an analysis of the impact of electric cars on Auto industry.

The report confirms that 54 percent of all cars sold by 2040 will be electric, up 35 percent from last year’s estimates. Most of the growth comes from lower lithium-ion batteries. The report forecasts a 70 percent drop in the five Over the next ten years, as the agency based its forecast for a 73 percent drop in prices per kilowatt-hour since 2010.

By 2025, electric cars are going to be cheaper than the purchase of internal combustion engine cars. In addition, the report shows that components in hybrid electric vehicles will become obsolete and out of use everywhere except Japan by 2030.

The agency’s report suggests that one of the sources of trouble for this booming market will be the lack of public transport, although it is more common than it was five years ago, but there is still a shortage and not enough of these means, and the lack of domestic freight options force some To stick to internal combustion engine cars.

According to the Bloomberg agency, the electric car revolution will hit the traditional car market faster and harder than last year’s forecast, as the prices of these vehicles are on the right track to accelerate sales, and that lower battery prices will make the cost of electric motors less expensive throughout life.

Low battery prices bring competitive electric cars to all light car sectors by 2030, leading to a period of strong growth in power generation. China, the United States and Europe account for more than 60 percent of the global electric car market in 2040.

Electric cars will take the majority of new car sales, and the real takeoff of electric vehicles will begin in the second half of 2020 due to lower battery prices. By 2040, electric vehicles will eliminate the need for 8 million barrels per day of transport fuel and add 5 percent to electricity consumption Global.


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