Key obstacles, such as EV range and price are rapidly fading away, meaning pure battery-electric vehicles could reach a “tipping point,” with prices reaching parity with gas-powered vehicles by as early as 2023.
With EVs expected to become less and less expensive to own and operate, fewer motorists will be willing to give up the freedom and flexibility of having a car in the driveway and always at the ready.
In its 2018 EV study, the Boston Consulting Group estimated about 48% of U.S. vehicles would use some form of electric propulsion, with an emphasis on mild, conventional and plug-in hybrids. The latest survey raises the figure to 51 percent.
Read the article at The Detroit Bureau.