EVs to transform the automotive industry over the next five years, GlobalData says

By IM Staff
Published: Tuesday, 07 August 2018

Electric vehicles are exerting a significantly disruptive effect on the automotive industry and will transform the sector over the next five years, according to analytics firm GlobalData.

By Andrea Hotter

There are currently 3 million electric vehicles (EVs) globally, but this could rise to 300 million by 2040, the company said in a report published on Monday August 6.

"Over the next five years, we expect stress, strain, margin evaporation, and shake out across much of the...

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