EV Sales in China and the EU Will Accelerate, Driving Above-Consensus Global Adoption Rates
Over the next decade, battery electric vehicles will reach cost parity with internal combustion engines as battery costs decline. Additionally, battery innovations will increase driving range and shorten charging times such that EVs will no longer be an inferior product versus ICEs.ÂCharging infrastructure, which dictates range capabilities, will be the regional wild card that will either spur or limit EV adoption. Through a massive investment by its SOEs, China plans to build the world's large...
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