The threat and opportunity of plug-in vehicles – both electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) – becoming mainstream has vehicle manufacturers, oil and gas companies, and even utilities scrambling to put together the right resources and playbook to take on the inevitable emergence of EVs.
Forecasts point to the 2035-2040 timeframe, when plug-ins will make up more than 50% of new car sales. While Tesla’s Model 3 paints a rosy picture of eventual plug-in dominance in the future, reaching this inflection point will require more than one single visionary’s outlook of the automotive industry.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
