U.S. crosses the electric-car tipping point for mass adoption. The next major car markets approaching the tipping point this year include Canada, Australia, and Spain. — via drivingdotca autoindustry autonews electricvehicle
The analysis above is for vehicles that run on batteries only. Some countries, primarily in Europe, were quicker to adopt plug-in hybrids, which have smaller batteries backed by a gasoline-powered engine. Including those, the world just surpassed 20 million electric vehicles on the road, and that figure will double again by the end of next year, according to a recent report by analysts at BloombergNEF.
The U.S. and China mostly skipped plug-in hybrids and went straight to fully-electric vehicles, and the U.S. hasn’t yet crossed the 10 per cent threshold. It turns out, automakers have tipping points, too. Factories must be retooled and supply chains reconfigured. To achieve the most cost savings, the entire vehicle must be redesigned with electrification in mind. In Europe, once 10 per cent of an automaker’s quarterly sales go electric, the share triples in less than two years.
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