Booming on EV sales expected by the end of the decade

Although electric mobility is still in the early stages a big boom is expected in EV sales by the end of the decade

A big increase is expected in EV sales by the end of the decade. One third of all new car sales worldwide will be electric. This will increase the total annual number of electric vehicles (EV) sold to 31.1 million worldwide. This means about ten million vehicles more than previously forecast.

According to research by Deloitte (a multinational professional services company based in New York) it is estimated that sales of electric cars will reach 11.2 million in 2025 and 31.1 million by 2030. Fully electric vehicles will account for 81% of all new technology cars, far outpacing sales of hybrid cars. Deloitte predicted, however, that sales growth in electric cars would accelerate because most of the problems identified today would be resolved, and there would be a change in consumer trend.

An important role in increasing sales of electric cars, according to the company’s chief executive, is that there will be a consumer premium for the acquisition of electric vehicles, and soon their price will be almost the same as those of a petrol or diesel car. Finally, the increase in charging points worldwide will play an important role.

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• Coronavirus pandemic also affects electric cars
• Electric vehicles produce less CO2 than petrol cars

At the same time, there are additional factors leading to increased sales, such as the achievement of emissions targets on the part of car manufacturers, as well as the increase in the technology of electric vehicles. The upward trend was also confirmed during the pandemic period when sales of electric cars in contrast to the other categories showed strong resilience.

However, overall annual car sales are unlikely to return to pre-pandemic levels and this situation will remain until 2024. However, the overall plan for zero emissions for travel by 2050 and the proposed ban on the sale of polluting vehicles by 2035, leads in this direction, i.e. to an increase in sales of electric vehicles.

Deloitte’s analysis found that 50% of UK consumers think their next car will be electric, with 33% saying the lack of charging infrastructure remains the biggest concern but is overcoming month after month. All this in a country that plays a leading role and shows the path that Europe will take in the coming years in the field of motoring.

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