EV Sales Will Triple by 2025 and Still Need More Oomph to Reach Net Zero
The window to get the world’s road emissions to carbon neutrality by 2050 is ‘closing quickly,’ BloombergNEF says in its latest Electric Vehicle Outlook.
Tesla vehicles at a Supercharger station in Concord, California.
Photographer: David Paul Morris/BloombergElectric vehicle sales are poised to more than triple by 2025, and yet governments and manufacturers need to lean even harder into eliminating emissions from road transportation by the middle of this century, according to BloombergNEF.
The research firm lays out the stakes and calls for action in its seventh annual Long-Term Electric Vehicle Outlook, released Wednesday. BNEF’s analysts deem EVs “a remarkable success story,” predicting plug-in passenger vehicle sales will soar to 20.6 million in 2025, much higher than its 14 million forecast just a year ago, mainly due to faster uptake in China.