Europe and China are expected to dominate the consumer electric vehicle market as the footprint grows into double-digit percent, a market report finds. “Significant advances in battery technology, financial support from governments, regulations and values of millennials will be key factors leading to increases in electric vehicle adoption,” Jim Burkhard, a energy research for IHS Markit, said in an emailed statement. IHS finds that, with the right policies in place, electric vehicles could account for at least 15 percent of total new vehicle sales by 2040. The report finds the current market share is about 1 percent, but up more than 1000 percent in terms of sales in the six years ending this year. New Zealand was among the most recent movers on the incentive front, forming a special counsel tasked with accelerating the deployment of electric vehicles on the road this summer The […]