AP News
In an AP News article syndicated by nearly 150 other media outlets, BCG’s Aakash Arora and Nathan Niese discuss the findings of their BCG study on electric vehicle adoption. The transportation industry is a major producer of CO2 emissions, so EV adoption will be crucial for President Biden’s goal of cutting US emissions in half by 2030. But the transition isn’t occurring fast enough to meet that goal. The BCG data shows that while EV sales are projected to rise from 12% of the global market in 2020 to 47% in 2025, “if half of new cars sold around the world in 2035 are zero-emission vehicles, 70% of the vehicles on roads will still be burning gasoline or diesel.”