Analysts predict 85 million EVs on roads by 2025 despite industry speed bumps

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China will lead the way with North America trailing

Tech analysts forecast that the number of electric vehicles in use will grow by 33 percent in 2025, and 73 percent will be battery-powered .

North America is expected to trail the rest of the world, with 10.4 million EVs by the end of 2025, compared to 20.6 million in Europe and 49 million in China. "Many companies overestimated how quickly the switch to EVs would occur," he said."This caused those companies to delay launching new EV models."of the electric Fiat 500, citing poor demand amid a general slowdown in EV sales in the European car market.

 

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