Decade of the electric car

Within 10 years electric vehicles (EVs) will cost no more than their gasoline counterparts, driving a liftoff in sales, according to a new analysis of the EV market by Bloomberg New Energy Finance


BMW i3: 2019 version will have new 42.2-kWh battery (120 amp-hours) to increase range from 180km to 260km, new body finish and adaptive LED headlights


2017: 1.1 million EVs sold, bringing total EVs on world’s roads to more than 3 million – 40% in China

2025: EV sales forecast to hit 11 million

2027: EV price to reach parity with gasoline car

2030: 30 million EV sales

2040: 60 million EVs projected to be sold, bringing total EVs on roads to 559 million

Vehicle sales
(millions, projected)	Gasoline	Battery	EV	Plug-in hybrid
120
100
80
60
40
20
0
2015 20 25 30 35 40

Lithium-ion batteries: Price falls to $209/kWh in 2017, down from $1,000/kWh in 2010

Battery price: $70/kWh by 2030


Sources: Bloomberg New Energy Finance, Stratfor
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