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21 Feb
15:45

Over half of vehicles seen electric by 2040

The global stock of Electric Vehicles (EVs) could by 2040 exceed 1 billion, or more than half the vehicles on the road, according to Fitch. This comes as the credit rating agency revisited assumptions made in 2016 to incorporate numerous carmakers’ EV announcements made in 2017. This forecast is, however, in a scenario where EVs' cost and range are comparable to internal combustion engines (ICEs), consumers prefer driving EVs, policymakers mandate…
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