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