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Study Predicts at Least 5 Million Electric Vehicles by 2035 — Edmunds.com

A new study predicts that by 2035 at least 5 million cars and light trucks will be powered by electricity.
The study says that figure could be as high as 30.4 million, depending on technology advances, the price of oil, and other factors.
The study’s most aggressive prediction envisions just 12 percent of light duty vehicles being powered by electricity in 2035.

WASHINGTON — A new study predicts that by 2035 at least 5 million cars and light trucks will be powered by electricity, and that figure could be as high as 30 million, depending on technology advances, the price of oil, and other factors.

The study, conducted by IEE, an institute of the Edison Foundation that focuses on Innovation, Electricity, and Efficiency, came up with three scenarios to forecast the future of light duty vehicles (LDVs) propelled by either all-electric power or plug-in hybrid systems.

The most conservative view assumes modest increases in the cost of oil, and therefore moderate demand on the part of consumers. It predicts that by 2035 about 5 million, or 2 percent, of LDVs will be driven by electricity.

The medium scenario assumes greater advances in battery technology and lower price tags on both batteries and the vehicles themselves. If that prediction comes true, the study says to expect 24.8 million LDVs, or about 10 percent of the total, to rely on electric power in 2035.

More http://www.edmunds.com/car-news/study-predicts-at-least-5-million-electric-vehicles-by-2035.html

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