Electric vehicles are set to have a dramatic effect not just on the automotive manufacturing but on industry more widely, and on a range of other sectors such as energy and transport. This raises major issues for firms and policymakers.
After an initially slow take-up, electric vehicles are starting to make rapid inroads. Forecasts have become much more upbeat over the last few years as battery costs fall and regulation tightens. Bloomberg New Energy Finance, admittedly among the more bullish, predicts global passenger electric-vehicle sales rising from 2-million in 2019 to 10-million in 2025. They expect electric vehicle sales will exceed those of internal combustion engine (ICE) vehicles by as soon as 2037...
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