After decades as a high-cost, low-volume rounding error of global vehicle sales, electric powertrains are rapidly gaining in popularity. Traditional Internal Combustion Engine (ICE) powertrains, diesels in particular, are no longer able to keep pace with the stringent roadmap for emissions requirements being laid down by governments around the world, so the penetration of Battery Electric Vehicle (BEV) sales is expected to grow from 1.3% in 2018 to 16.4% by 2029.
Our report, State of the Electric Vehicle Market, explores the commercial opportunities this trend presents for automotive OEMs, suppliers, energy companies, and Independent System Operators — and how they can work together to capitalize on this shift.
