The rise of electric vehicles: what can it lead to?

GUEST POST by Rhys Walker, cost estimator, Glenmore Investments

According to the latest predictions, the cost of electric vehicles is likely to be the same as their internal-combustion counterparts by 2022, while by 2040 this price is predicted to become even lower.

Skeptics would say that predictions should not be taken too seriously as they are always to some extent based on merely subjective opinions. This is absolutely right, just like is the fact that electric car sales continue to increase.

Statistics say that global sales increased by approximately 80% in 2015 compared to 2014, from 315,519 to 565,668, while by the end of 2016 the number of electric cars on the world’s roads is expected to exceed 2 million.

By 2040, for instance, electric vehicles would account for 35% of all new vehicle sales. What this implies is that even if some years or numbers in such sort of predictions may be inaccurate, the tendency of sales growth is definitely strong and cannot be doubted.
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