Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie. Both projections have been revised down 2% when compared to Wood Mackenzie’s pre-coronavirus forecast, with the pandemic delaying total vehicle sales by two years. Responses to the pandemic from China and Europe have strongly supported a green recovery, whereas the US response has not been as favourable to transport electrification. “Despite EV stock growing to 35 times its current…
Read More323 million electric vehicles will be on the roads by 2040
