Infographic: Visualizing the Rise of the Electric Vehicle
 

Visualizing the Rise of the Electric Vehicle

Jeff Desjardins

Today’s infographic comes to us from Raconteur, and it helps visualize anticipated growth in the electric vehicle market – a segment that sits at 1-2% of total vehicle sales currently.

Using projections from Morgan Stanley, it shows that electric vehicle sales are expected to surpass those of traditional vehicles by 2038, while the global fleet of EVs is expected to surpass one billion by 2047.

Meanwhile, the transition to electric will be a game-changer for carmakers. Morgan Stanley’s analysis sees the average profitability of combustion engine models falling through the early 2020s, eventually turning to a loss per unit by 2028.

On the flipside, negative profit margins for electric vehicles will peak in 2023 as production continues to ramp, and EV making will switch to a profitable business by 2029.

Categories Science Technology


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