By now, you probably have seen the headlines.
“Electric cars are coming.”
“Electric car makers will soon be selling electric vehicles in more than 100 countries.”
“Carmakers will soon have a billion-dollar market in electric cars.”
All of these claims are true.
But there is one big problem.
These claims are not based on real-world data.
They are based on a flawed premise: that electric cars are the future.
Electric cars are not going to be a dominant part of the automotive market in the next few decades.
In fact, according to research from the automotive consultancy firm Autocar, electric vehicles will account for only about 5% of the global auto market by 2035.
That’s still a big drop from the current levels of about 40%.
But even if you assume the carmakers will be able to deliver cars to the market in 2035, the automotive landscape has changed.
The key to this transformation is the introduction of new technology.
Today, the majority of the electric vehicles on the road are hybrids, but the next generation of electric vehicles is expected to have battery-electric systems that are similar to gasoline-electric hybrids.
These vehicles are expected to be more fuel-efficient than the gas-powered hybrids.
This is a big change in the automotive ecosystem.
For decades, automakers have used fuel-economy goals to justify their reliance on gas-electric vehicles.
This trend is changing.
Fuel economy is becoming a critical metric in the auto industry.
With fuel economy, you can see where you stand in terms of efficiency and where you need to be to be competitive.
So what does this mean for the future of the auto?
First, we will need to understand what fuels are used in the vehicles.
The automotive industry is expected be using a mix of all-natural fuel, biofuels, and ethanol.
Most automakers have plans to add biofuel to their vehicles in the future, but this will only be in the form of an additive that is added to the fuel.
This will require a new technology called battery-based electric vehicles (BEVs).
Battery-based EVs will be different than conventional hybrids because they use energy to generate electricity.
This technology is already being used in cars that use gasoline and diesel, and there are many BEV models on the market today.
However, battery-powered EVs are expected at the start of the next decade to have an average gasoline-to-electric conversion efficiency of 20% or less.
This compares with an average efficiency of 50% or higher for conventional hybrid electric vehicles.
That means, by the time these new EVs hit the market, most drivers will be using at least some conventional gasoline- and diesel-powered cars.
That will allow for the adoption of electric-only cars.
In the end, the electric-electric hybrid (EV) market is expected have a range of more than 300 miles.
That range is expected of more or less 300 miles for a conventional gasoline or diesel car.
But for EVs, this range will be significantly higher.
A car that has a range that is 300 miles or more would require an EV that could travel between 50,000 to 200,000 miles on a single charge.
That is a massive amount of driving.
That, coupled with the fact that electric vehicles are a lot more fuel efficient than gasoline-powered vehicles, will make it difficult for electric-driven vehicles to be the dominant mode of transportation in the U.S. By 2035 the EV market will have grown to be larger than the gasoline-fueled hybrid market, and EVs will likely dominate the auto market.
What this means for the industry is that EVs will not be the sole solution for the long term, nor will they be the only solution for transportation.
By the end of the 2035 period, EVs will have become the primary mode of travel for about 60% of all trips.
As a result, we expect that EVs to dominate the transportation market for many years to come.
In addition, electric vehicle drivers are going to get better at using them.
They will learn how to use them and adapt to the more challenging environments in which they will operate.
This means that by the end to the 2040s, EV drivers will outnumber gasoline-drivers in the United States by almost 2 to 1.
If we want to avoid an even more dramatic transformation in the industry, it is important that we start focusing on what makes EVs appealing to the majority in the long-term.
To start with, electric cars will have a much larger market share than gasoline cars.
According to research firm IHS Automotive, the EV fleet is expected exceed 10% of passenger vehicles worldwide by 2040.
That represents a growth rate of approximately 2,000 vehicles per year.
This growth rate is significantly higher than the 1,500 vehicles per annum of passenger vehicle growth in the late 1990s.
In terms of volume