Next year, electric vehicles will gradually enter the mass segment

Next year, electric vehicles will gradually enter the mass segment

Experts of the analytical company ABI Research have prepared a forecast of the future of electric vehicles. In their opinion, in 2021, a decade of gradual penetration of electric vehicles into the mass segment will begin. Within ten years, sales of electric vehicles will increase from values ​​comparable to round-off error to about a quarter of new car sales.

“This shift from niche to mass consumption will be based on the introduction of low-cost EV models that meet standard mileage requirements at an affordable price,” said James Hodgson, principal analyst for Smart Mobility & Automotive at ABI Research.

Analysts warn that as electric vehicle owners become increasingly less environmentalists and technology enthusiasts, but more typical car users, manufacturers will need to develop new approaches to EV lifecycle management, including the fate of batteries.

At the same time, ABI Research is confident that sales of cars with internal combustion engines will not return to their previous level. The pandemic has dealt a double blow to an already volatile automotive market, disrupting supply chains and depriving the industry of its familiar retail environment. As a result, in the first half of 2020, the new car market declined by about 70%. With the potential for re-locks and the move to teleworking, sales are expected to remain low through 2024.

Next year, electric vehicles will gradually enter the mass segment

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