Blog

Posted in: 10/04/2019

Take a look at the future… In less than Ten Years, One in Six Cars Sold Will Be Electric

At least one in six cars sold in the world will be electric until 2025, according to a UBS global research released recently. And if the 2017 trend is kept, those cars have a better chance to have the Tesla brand than the BMW one.

By the middle of the next decade, the global sale of electric vehicles will reach 16.5 million, said the analysts leaded by Patrick Hummel in the research. An increase of 16% if compared to the previous estimate. They predict electric vehicles will represent 16% of all sold cars. The previous figure was 14%.

“The change to electric cars will be faster and in a more pronounced way, influenced by the disappearing of diesel in Europe, technologic advances and the regulation of the battery in China and Europe”, say the experts. Europe will have the highest number of EVs, approaching 30% of the new cars sold.

Established car manufacturers like BMW and Daimler are spending billions in a race to gain space in the growing market of electric cars. They hope their effort help them sell more cars than newer manufacturers like Tesla, which concentrates its deals in the electric vehicle market only.   

One of the reasons behind this updated prediction is a new double credit policy in China which makes mandatory the production and sale of electric vehicles, according to the UBS research. If interviewed, people in China would probably say they were considering buying an electric car in 58% of the times. The Germans were the least probable with 14%. The higher than expected sales of the EV in 2017 helped increase the prediction, said the experts.

Hummel expects Tesla to take more advantage in the hike of the electric vehicles sale, since the company with its headquarters in Palo Alto, California, had the highest increase in credibility in the EV brand in the research. BMW, with its headquarters in Munique, could suffer the most, with the expansion of Tesla, since the BMW 3 series is seen as the closest competition to the Tesla Model 3.

Still, the expansion of Tesla is not guaranteed, according to the research, since the premium brands which didn’t release their own electric car yet, like Audi and Porsche, are still ahead of Tesla in the consumers’ preference.

Comments


Advertising

Know our services

We are a shop that offers complete repair and painting services. Your vehicle is completely restored, regardless if the accident was either simple or severe to the extension of damaging your vehicles structure. Our licensed shop offers guarantees for all the completed work done in a timely manner to have your vehicle back on the roads, as soon as possible.

know more

You can’t predict when your car will leave you stranded on the road or when an accident will occur. Always remember that Simon’s Auto Body is the best solution when you find yourself in a situation like this.

know more

Of course you love your car, but you also like to keep your daily schedule and fulfill your commitments, right? So while your car is being restored, a rental car can be a great advantage!

know more

Painting is one of the most delicate steps in the process of recovering a car. It requires qualified professionals to complete the job.

know more

These minor damages that occurred from daily use to your vehicle can result in extra costs. Come to Simon's Auto Body, where we check your bumper car from front to back, taking care of all the small details.

know more

If you received a letter requisition a pre-inspection of your vehicle during your insurance renewal, rest assured because it’s a procedure that has become more common each year.

know more

Did you know that when your lease agreement expires, or if you choose to change your car, an inspector has a check list ready to check your vehicle? The inspector evaluates broken parts to small scratches and dents that could easily be corrected.

know more

Here at Simon's Auto Body we repair all types of windshields, from front to rear in any model of car or truck.

know more

Car detailing goes beyond cleaning your car. Detailing is very common in the United States and Europe. Simon's Auto Body offers the best detailing service in the Framingham region, leaving your car with a 0km feeling. We provide pleasure and satisfaction in driving a clean and fresh car.

know more