More analysts expect mass adoption of electric cars soon
Research group predicts these cars will become cost-competitive by 2030
New York
AS the world's carmakers place larger bets on electric vehicle technology, many industry analysts are debating a key question: How quickly can plug-in cars become mainstream?
The conventional view holds that electric cars will remain a niche product for many years, plagued by high sticker prices and heavily dependent on government subsidies.
But a growing number of analysts now argue that this pessimism is becoming outdated. A new report from Bloomberg New Energy Finance, a research group, suggests that the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies promoting zero-emission vehicles in China and Europe.
Between 2025 and 2030, the group predicts, plug-in vehicles will become cost-competitive with traditional petroleum-powered cars, even without subsidies, and even before taking fuel savings into account. Once that happens, mass adoption should …
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