Millennials drive demand as the world plugs in to electric vehicles

Experts predict that by 2045 sales of non-EV rides will drop to less than 1% of the global car market

23 June 2021 - 20:16 By Brett Haensel and Keith Naughton

Global electric vehicle supremacy will arrive by 2033, five years earlier than previously expected, as tougher regulations and rising interest drive demand for zero-emission transportation, according to a new study.

Consultant Ernst & Young (EY) now sees EV sales outpacing fossil fuel-burners in 12 years in Europe, China and the US, the world’s largest auto markets. And by 2045, non-EV sales are seen plummeting to less than 1% of the global car market, EY forecast using an AI-powered prediction tool...

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