Will 1 Billion EVs Crash Gasoline Demand?

9 Jan 2018   Electric Cars

Last year was big on announcements from automakers, and suppliers, and tech giants regarding electric vehicles, robotaxis, and autonomous vehicles. We also heard from countries like China, India, France, Great Britain, and Norway—all pledging to ban the sale of fossil fuels to power vehicles on their roads. How will this affect auto sales, gasoline, diesel…? Morgan Stanley has long sounded the warning bell to the auto industry. A study last year forecasted that electric vehicles will make up 90 percent off all vehicle sales globally by 2050. That would be made up of about one billion battery electric vehicles out on roads worldwide. That will be spurred in part by existing and proposed emissions legislation that will jack up the cost of manufacturing internal combustion engines. EVs with long-range, fast-charging batteries will become much more viable for global auto sales. Growing consumer interest is expected to follow. The investment […]

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