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AI Forecast Future Sales Electric Vehicles

Electric vehicles to dominate sales five years sooner than expected | EY analysis - June 23, 2021 |

  • Combined electric vehicle sales in the US, China and Europe to outstrip all other engine sales by 2033
  • By 2045, non-EV sales will shrink to less than 1% of overall sales
  • Europe is expected to lead EV sales volumes until 2031, with China taking the lead from 2032 to 2050
  • Electric vehicle (EV) sales in the US, China and Europe will outstrip all other engines five years sooner than previously expected, according to new EY research and analysis. The figures come as EY launches the EY Mobility Lens Forecaster, an artificial intelligence (AI) powered forecast modeling tool that provides an outlook for the supply and demand of mobility products and services through 2050.

    The latest predictions show that by 2028 EV sales in Europe will surpass those of other powertrains, a trend that will be repeated in China by 2033 and in the US by 2036. The analysis also shows that by 2045, non-EV sales will shrink to less than 1% of overall sales. In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.

    Germany's EV Share Cold Comfort Against 34% Shortfall In Overall Auto Market

    'Sapere aude'

    by Oui (Oui) on Mon Sep 12th, 2022 at 10:17:59 AM EST
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