Auto & Transportation

According to a recent study by Ernst & Young, the global dominance of electric vehicles will arrive in 2033, 5 years earlier than previously expected, because stricter regulations and rising interest in people have promoted the development of zero-emission vehicles. demand.

Ernst & Young believes that in Europe, China and the United States, the world's largest automotive markets, the sales of electric vehicles will exceed that of fossil-fuel-burning vehicles within 12 years. Ernst & Young uses artificial intelligence forecasting tools to predict that by 2045, sales of non-electric vehicles will plummet to less than 1% of the global auto market.

Ernst & Young predicts that the sales of electric vehicles in the European market will first surpass that of fuel vehicles in 2028, while China will achieve this in 2033, and the United States will experience this situation in 2036.

Ernst & Young predicts that Europe will maintain a leading position in electric vehicle sales before 2031, but China will become the world's largest electric vehicle market in 2031.