Not if, but when and how fast
[The following is an excerpt of the whitepaper]
Battery electric vehicle (BEV) technology is on the cusp of a steep deployment growth stage that will greatly impact the automotive and transportation industries. In a decade or so, the BEV will meet the four criteria that makes it competitive or better than internal combustion engine vehicles (ICEV)—purchase price, variety of models for most use cases, public charging infrastructure approaching gas station coverage, and much lower operating costs than ICEV. BEV purchase price equivalent to ICEV is primarily caused by rapidly declining battery costs. In IHS Markit forecasts, BEVs will constitute most light vehicle sales after 2035.
For more on the emerging BEV technology, the next table summarizes key information and provides perspectives on this automotive powertrain battle. In this paper, the focus is BEVs rather than hybrid electric vehicles.
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Learn more about this automotive powertrain battle.required fields