Ernst & Young Believes EVs Could Dominate Roads Five Years Sooner
Most developed countries are hoping for electric vehicle (“EV”) sales to surpass the sale of internal combustion engine (“ICE”) vehicles over the next couple of decades. The United States, China and Europe are currently the largest EV markets in the world, but save for Norway and Southern Chinese city Liuzhou, EV sales in most territories make up a small percentage of total vehicle sales. As such, most of these countries have given themselves years, and in some cases decades, to slowly replace ICE vehicles with zero-emission electric cars. However, new research from Ernst & Young says that these counties may…
