Projected Growth of Global EV Sales: 2015-2040



Source: Bloomberg New Energy Fincance, Electric Vehicle Outlook 2017

According to Bloomberg New Energy Finance (BNEF), electric vehicles (EVs) will become price competitive on an unsubsidized basis with internal combustion engines beginning in 2025. By 2029, most EV segments will have reached parity with comparable internal combustion engine vehicles, Regulatory and financial support to buyers in China, Europe, and the U.S. is expected to spur soaring demand.