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One in six new cars will be electric by 2025

Established car manufacturers like BMW and Daimler are spending billions in a race to gain market share in the burgeoning electric-car market

Oliver Sachgau | Bloomberg 

Almost every sixth car sold in the world will be electric by 2025, according to a UBS global autos survey released on Tuesday. And if things go the way they have, those cars are more likely to be emblazoned with a Tesla logo than BMW’s. By the middle of the next decade, global sales of electric vehicles should hit 16.5 million, analysts led by Patrick Hummel said in the report, a 16 per cent increase from the previous estimate. They predict electric vehicles will make up 16 percent of all car sales by then, up from a previous estimate of 14 per cent. “The shift ...

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First Published: Wed, November 29 2017. 01:27 IST