Morgan Stanley’s research group report - Automakers need to brace for the impact of 1 billion electric...
Morgan Stanley’s research group report - Automakers need to brace for the impact of 1 billion electric vehicles
While it remains a niche market with less than 2% market share in most countries, everything points to electric vehicles becoming mainstream and disrupting the auto industry in a big way sooner rather than later.
But the timing is still being strongly debated with predictions all over the place.
Now a new report puts the target for 1 billion electric vehicles on the roads by 2050 and predicts some tough times for automakers leading up to the milestone. Morgan Stanley’s research group released the blue paper making the prediction last week.
They explained how they arrived at 1 billion electric vehicles on the roads by 2050: “We have modelled the global car fleet out to 2050. We see global car sales growing by 50% to over 130 million a year, and expect battery electric vehicles to make up 80% of global sales by 2050. Looking at the global passenger car fleet as a whole, BEVs make up 7% of a growing fleet by 2030 in our base case, rising to 24% by 2040 and 57% by 2050.”
The change is being driven by the falling cost of building electric vehicles. Morgan Stanley sees them reaching parity with gas-powered cars around 2025.
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While it remains a niche market with less than 2% market share in most countries, everything points to electric vehicles becoming mainstream and disrupting the auto industry in a big way sooner rather than later.
But the timing is still being strongly debated with predictions all over the place.
Now a new report puts the target for 1 billion electric vehicles on the roads by 2050 and predicts some tough times for automakers leading up to the milestone. Morgan Stanley’s research group released the blue paper making the prediction last week.
They explained how they arrived at 1 billion electric vehicles on the roads by 2050: “We have modelled the global car fleet out to 2050. We see global car sales growing by 50% to over 130 million a year, and expect battery electric vehicles to make up 80% of global sales by 2050. Looking at the global passenger car fleet as a whole, BEVs make up 7% of a growing fleet by 2030 in our base case, rising to 24% by 2040 and 57% by 2050.”
The change is being driven by the falling cost of building electric vehicles. Morgan Stanley sees them reaching parity with gas-powered cars around 2025.
See http://ift.tt/2eFAvFK
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Automakers need to brace for the impact of 1 billion electric vehicles While it remains a niche market with less than 2% market share in most countries, everything points to electric vehicles becoming mainstream and disrupting the auto industry in a big way sooner rat… |
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via IFTTT
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