<![CDATA[By 2040, More Than Half of All New Cars Could Be Electric]]>
By 2040, More Than Half of All New Cars Could Be Electric

“Tesla knows it. Volvo knows it. Hell, most of the automotive industry knows it. At this point, electric cars are inevitable. But how quickly will they usurp our current gas guzzlers?

A new analysis from Bloomberg New Energy Finance tries to quantify exactly that. Its forecasts aim to predict the changes in price of buying and running electric vehicles in the future, and also consider government initiatives for encouraging adoption and automaker goals for launches and sales.

The main prediction to take away from the analysis: by 2040, 54 percent of new cars sold will be electric. That’s up from the 35 percent that the organization predicted just over a year ago. It’s worth taking a moment to let that figure sink in: if the numbers are correct, electricity would be the dominant fuel type across all newly sold cars…”

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