Electric Car Revolution Will Accelerate Soon, Predicts Morgan Stanley Report Morgan Stanley has released a new report estimating that electric car sales will increase become 10 to 15% of the global new car market by 2025. That is three time the rate the investment banking house has projected in the past. Why the sudden shift in its thinking? While the US is conveniently planning to reduce or eliminate fuel economy regulations, every other civilized country has rules in place that will require auto manufacturers to dramatically lower the emissions from their vehicle in just a few years time. Hendrikse concludes, “Although many questions over EVs remain, we believe it is the sharply rising cost of regulatory compliance on existing internal combustion engines (ICE) that is pushing (manufacturers) to change their strategy towards EVs, as much as improvements in battery technology.” He adds, “As more (manufacturers) commit to launching more EVs, accessing more consumers, we think EV penetration forecasts could rise to potentially 10 to 15% by 2025, more than three times current forecasts.” See http://ift.tt/2fA0rxD
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