And, folks, the key findings are so optimistic that theyve really made my day.

So, lets get cracking.

Lower upfront cost will make EVs the most in-demand powertrain from 2025

40% off TNW Conference!

EV sales can overthrow gas-guzzlers in Europe by 2025, study finds

This is projected to reach 50% by 2030, and 80% by 2050.

Under a more optimistic scenario, price parity between BEVs and ICEs is achieved in 2028.

Check out the following graph comparing the two scenarios:

2.

EV sales growth projection

That is, upfront purchase cost, running cost, and a 500km range.

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

With a background in the humanities, she has a soft spot for social impact-enabling technologies.

EV sales projected growth

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EV sales projection growth

Ioanna Lykiardopoulou