November 19, 2017 – Angela Jameson
Momentum is fast building behind electric vehicles as countries around the world move to reduce the use of petrol and diesel for transport.
This summer France and the UK said they would ban combustion engines by 2040 and China has said it is studying such a move.
Volvo, now a Swedish-Chinese company, says every car it launches from 2019 will be either fully or partly electric. Volvo’s announcement this year was greeted as the first serious challenge to Tesla, the Californian electric car maker, from mainstream marques.
Analysts at UBS expect global sales of electric vehicles in 2025 to reach 14.2 million units, or 13.7 percent of the total, compared with under 1 million units, or less than 1 percent, in 2017.