Several factors are driving the accelerated rate of 圎V-and particularly BEV and PHEV-uptake. Battery-powered electric vehicles (BEVs) and plug-in hybrids (PHEVs) will seize almost a quarter of the market by 2030 we had previously projected their global market share at about a fifth. Our previous forecast, completed in 2017, showed 圎V sales taking a quarter of the market by 2025 and approaching 50% by 2030. These cars will seize a third of the market by 2025 and 51% by 2030, surpassing sales of vehicles powered purely by internal combustion engines (ICEs). BCG’s latest global automotive powertrain forecast shows sales of electrified vehicles (圎Vs) growing even faster than expected. Here’s good news for consumers, the auto industry, and potentially the planet-an unusual trifecta. Technology, Media, and Telecommunications.
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