Decadelong Growth of Mainstream EV Adoption Begins in 2021, Says ABI
Electric vehicles will begin their “slow entry into the automotive mainstream” in 2021, reported ABI Research Wednesday. Next year will “kickstart” a decade of growing EV adoption from a negligible share of new vehicle shipments to more than a quarter…
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of the market in 2030, it said. “This transition from niche to mainstream will be built on the introduction of low-cost EV models that satisfy the typical mileage requirements at an acceptable price point,” said ABI. “As EV owners shift from the legacy of environmentally conscious, enthusiastic technology first adopters to more typical automotive consumers, OEMs will need to develop more innovative approaches to the life cycle management of EVs.”